FDH Bank has appointed the Former governor for the Reserve Bank of Malawi (RBM), Ellias Ngalande, as its new Managing Director.

The post has been recently been occupied by Eric Ouattara, since 2016. According to a press statement signed by FDH Bank Public Relations Officer, Lorraine Lusinje, the bank has welcomed Ngalande, expectant of him to lead the implementation of FDH Bank’s strategy championing innovation, digital solutions, financial inclusion and superior customer service delivery. “Ngalande is coming in to manage FDH bank with over 30 years’ experience, working in strategic management positions in the public and private sectors locally complemented with international exposure,” said the statement.

Ngalande’s experience includes serving as General Manager for Admarc Investment Holding Company, Secretary to Treasury at the Ministry of Finance, Deputy Governor and Governor of RBM and also worked with international institutions such as the Microeconomic and Financial Management Institute of Eastern and Southern Africa as its Executive Director.