Dikshit leaves First Capital Bank Malawi

FMB Capital Holdings Group (FMBCH), the Mauritius-based holding company of First Capital Bank Malawi, hhas announced the departure of its Group Managing Director, Dheeraj Dikshit following his decision not to renew his contract which expires on October 31 2020.

Dikshit: Leave First Capital Bank

A communication from the board of directors indicated Dikshit is leaving on personal grounds and his departure is effective 1 November 2020.

One of the most formidable names in the industry,  Dikshit joined the FMB in 2011 as the Managing Director for First Capital Bank Malawi (then First Merchant Bank plc).

He rose to assume group responsibility as Group Managing Director in December 2017.

Terence Davidson, Group Board Chairman said Dikshit was part of the leadership that “drove the phenomenal growth of the organization” over the past nine years.

“Some of the major milestones that the business attained during his tenure with the group include the acquisition of the International Commercial Bank’s operations in Malawi, Mozambique and Zambia in 2013, acquisition of the Opportunity International Bank Malawi in June 2017, listing of FMBCH on the Malawi Stock Exchange, acquisition of 81% shareholding in the holding company of Barclays Bank of Zimbabwe in December 2017,” he said.

In 2018, the bank successfully adopted one common name and by 2019 all the group’s banking operations had rebranded to First Capital Bank.

“In order to ensure continuity and smooth running of the business, the Board has appointed Mr. Mahendra Gursahani, who is currently a non-executive director of FMBCH to assume the role of Interim Group Managing Director with effect from 1 November 2020 until a substantive leader is appointed,” Davidson said.

Gursahani is a qualified Chartered Accountant, a holder of Bachelor of Commerce degree and an accomplished career banker.

Most of  Gursahani’s professional career has been with Standard Chartered Bank where he served as the CFO in a number of countries and the CEO of their bank in Malaysia.

Follow and Subscribe Nyasa TV :

Sharing is caring!

5 1 vote
Article Rating
13 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
Kanjedza
Kanjedza
12 days ago

Dont criticize names, check google and get the religious meaning of his name. Just because you know bit of English, there is no need to interpret. Do you know is what is Dik- it is not there in the dictionary FYI, We Malawians have names like Cabbage, Square, Ringtone, Samsung, Noworry, Patience, memory etc What about names like Trump, Biden,Putin, etc

Mnchindo wa Satana
Mnchindo wa Satana
12 days ago
Reply to  Kanjedza

Mtengo wa kanjedza? Or is it Kanjedza township? 🤣🤣🤣🤣🤣🤣

The Karanga of Soshangumve

Iiiii koma abale maina enawa

Kuchinda
Kuchinda
13 days ago

Dick + shit = sodomy

Mtonga Mwana
Mtonga Mwana
12 days ago
Reply to  Kuchinda

Just like your name

Mnchindo wa Satana
Mnchindo wa Satana
12 days ago
Reply to  Mtonga Mwana

Mwana wa mtonga? Or mtonga wa mwana?

Bandung Cincau
Bandung Cincau
12 days ago
Reply to  Kuchinda

Inunso ndiye ayitu. Kumangogabiza zotukwana basi just like your name. Repent and be saved

Ndi Bwana Wathu
Ndi Bwana Wathu
13 days ago

Why appoint a fellow Indian when we have so many qualified Malawians for the to job. Its an Indian owned bank supported by Indians complicit in illegal forex transactions.

Namaste
Namaste
12 days ago

So do you think Malawians abroad should also have their career opportunities limited because they are foreigners?

Boris Johnson
Boris Johnson
13 days ago

The name thou

EPDda79X4AA9UW1.jpg
Yeremiya
Yeremiya
13 days ago
Reply to  Boris Johnson

Kikikikiki. Naye reporter akuti “one of the most formidable names in the industry”

Truth ambassador
13 days ago

Dikshit, oh what a name. Dick + Shit = Dikshit.

Mt Hora
Mt Hora
11 days ago

As Juliet argues in Shakespeare’s Romeo and Juliet, ‘What’s in a name? A rose by any other name would smell as sweet.’

shares
Read previous post:
DPP ‘civil war’ necessary to define party’s future, says Centre for Multi-party Democracy

The Centre for Multi-party Democracy (CDM) has observed that leadership wrangles that have rocked former ruling Democratic Progressive Party (DPP)...

Close