Former Reserve Bank of Malawi Governor Ellias Ngalande has been appointed as Managing Director for FDH Bank effective January 2 this year.

This has been disclosed in a statement released on January 2, 2020 made available to Faceofmalawi reporter.

Ngalande takes over from Eric Ouattara, an Ivorian, who resigned last year.

“FDH Bank has appointed Dr. Ellias Ngalande as Managing Director effective 2 January, 2020.

“He will lead the implementation of FDH Bank’s strategy championing innovation, digital solutions, financial inclusion and superior customer service delivery,” reads in part the statement.

Added the statement: “Dr. Ngalande is a seasoned and highly qualified professional with over 30 years’ experience working in strategic management positions in the public and private sector locally complemented with international exposure.”

He served as General Manager for ADMARC Investment Holding Company, Secretary to Treasury at Ministry of Finance, Deputy Governor and Governor Reserve Bank of Malawi and Executive Director of Microeconomic and Financial Management Institute of Eastern and Southern Africa.

He holds a Ph. D. in Economics and a Master’s Degree in Political Economy from Boston University in USA, a Master’s of Science in development Economics from University of Strathclyde in Scotland and a Bachelor’s of Social Science Degree from University of Malawi Chancellor College.

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