Published On: Tue, Dec 9th, 2014

Zimbabwean Pfende new BancABC CEO

Simbarashe Ronald Pfende, new CEO for BancABC

Simbarashe Ronald Pfende, new CEO for BancABC

GABORONE – SIMBRASHE Ronald Pfende has been appointed Chief Executive Officer of one of Pan Africa’s leading financial institutions, BancABC.

Pfende takes over from founder and Group CEO Doug Munatsi, who is stepping down at the end of December, alongside Group Chief Financial Officer (CFO) Bheki Moyo, Chief Operating Officer (COO) Francis Dzanya.

Makhosi Boyede and Amelia Reynecke have been appointed joint Co-COOs while Christine Bronkhorst comes in as the new CFO.

The changes follow the bank’s 100 percent acquisition by Atlas Mara Co-Nvest Ltd’s (“Atlas Mara”) in August this year.

The trio of Munatsi, Moyo and Dzanya received a total of 1 743888 Atlas Mara shares in consideration for the transfer of their shares in ABC Holdings at the time of the completion of the BancABC acquisition.

John Vitalo, CEO of Atlas Mara, said he hoped that the new team to take-over the bank would propel it to greater heights as the bank seeks to consolidate its position in Africa.

“I want to thank Doug, Beki and Francis for their significant contributions in establishing and growing BancABC and assisting Atlas Mara since the acquisition.

“Were it not for their dedication and hard work, BancABC would not be in the position it is today. I look forward to continuing to work with them as we effect a smooth management transition.

“I also wish them all the best for the future. Furthermore, I am delighted that Ronald, Makhosi, Amelia and Christine are joining BancABC. They represent an exceptional leadership team with deep experience in African banking.

“The Board of Atlas Mara is confident that they will continue the hard work already started at BancABC,” Vitalo said.

– CAJ News





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