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Philip Madinga appointed CEO of Standard bank

Phillip Madinga, has been appointed Chief Executive Officer (CEO) for Standard Bank-Malawi, subject to approval by the Reserve Bank of Malawi.

A Chancellor College Economics graduate, Madinga also holds a Bachelor of Business Administration (honours) in Business Management and Administration from South Africa’s Stellenbosch University and a Master of Business Administration in Business Management and Adminstration from the same university.

Madinga has held senior positions in different institutions. From 2002 to 2005, he was Head of Corporate Banking for Ecobank, previously known as Loita Investment Bank. In 2005, he was appointed Head of Corporate and Investment Banking for Standard Bank, a position he held until 2008 when he was promoted to Director for Corporate and Investment Banking until 2013. In 2013, Madinga left Standard Bank to join FDH Bank as it’s Managing Director.

In 2016, he left FDH Bank and joined First Capital Bank, then known as First Merchant Bank, as its Group General Manager responsible for Corporate and Commercial Banking. A year later, in 2017, Madinga left First Capital Bank to Join NBS Bank as Chief Commercial Officer.

Madinga will take over from William Le Roux, a South African.

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Robert Ngwira
Robert Ngwira
Attended Our Future Private Secondary School in Rumphi from 2006-2009 Holder of Diploma in Journalism from Malawi Institute of Journalism (MIJ) Hobbies, reading newspapers, going out with friends, listening to radio and watching football. Email: info@faceofmalawi.com

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