Standard Bank Malawi hires  new CEO: VP Chilima congratulates Madinga

One of the oldest commercial banks in the country, Standard Bank, has hired a new chief executive officer. He is a Malawian seasoned banker, Phillip Madinga whose contract starts from January 1 2021.

Madinga:  New CEO for Standard Bank

According to the bank, Madinga succeeds William le Roux who has been CEO for the bank for the past three years.

A statement signed by board chairperson Ngeyi Ruth Kanyongolo says Madinga brings to the bank an extensive experience in banking and financial services acquired over the last 26 years.

It further says Madinga has had a highly successful career over the last few years in leading, managing and growing businesses and driving financial perfomance for several banks.

Meanwhile, vice president Saulos Chilima has congratulated Madinga on his appointment as Chief Executive Officer (CEO) for Standard Bank Malawi.

“As a man I have known for years since my days in the private sector, I am more than confident that Mr. Madinga will excel and steer the bank to more success,” says Chilima.

The veep says taking over as a new CEO is exhilarating but can also be overwhelming and challenging.

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Babacha
Babacha
5 months ago

Congratulations are in order ! All the best

Kalulu Wadwala
Kalulu Wadwala
5 months ago

Congrats Phil. God bless you .

Dokani Dzanjalimodzi
Dokani Dzanjalimodzi
5 months ago

Congratulations ndithu but with reservations. If the past is an indicator of the future then man Phil will be at this position for about 5 years and jump. Media will call him an expert and seasoned banker. However, we (public), have to measure him from performance. Everything the bank has, right down to the current share price, is something achieved under William (Uncle Phil akwela yopopa kale). Anything Phil does beyond what Will has left will be his performance and having X number of masters degrees will not be considered. It was about time we took interest in what ‘top… Read more »

Makolo
Makolo
5 months ago

So you wrote a whole essay to tarnish your fellow Malawian and to blow smoke up a mzungu’s ass? Post you real name and resume so we can compare and contrast. The man’s resume is out in public for the world to see. Im sorry if you uncle was not selected for the post. I really am. Work hard and earn for yourself.

BornForTheSmoke
BornForTheSmoke
5 months ago

Another useless comment on Nyasatimes.

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