TOP banker, Elisha Mushayakarara is set to leave his post as ZB Financial Holding (ZBFH) group chief executive officer after 20 years at the helm of the diversified financial services concern.
BY OUR STAFF
Informed sources told Standard business that the banker would soon leave the group and be succeeded by Ronald Mutandagayi, managing director of ZB Bank.
Contacted for comment, ZBFH said: “Mr Mushayakarara is still the chief executive officer of the group. In the event that such a significant development arises, the group will make the necessary announcements to all key stakeholders.”
Mushayakarara worked in both the private and public sectors of the economy.
He joined ZBFH in 1993 from the Ministry of Finance where he was senior secretary of Finance for 12 years.
Before joining Treasury, Mushayakarara had worked for the Zambian Finance ministry.
The pending departure of the veteran banker comes at a time a number of financial institutions are restructuring executives to drive their organisations forward.
A number of financial institutions such as CBZ, FBC Holdings, Standard Chartered and TN Bank have since restructured their executives.
With Mushayakarara at the helm, ZBFH has grown into one of the strongest diversified financial services group.
It was under his tenure that the group merged with the Intermarket Holdings.
The group now has interests in commercial and building society banks, stock broking, life assurance and reinsurance, among others.
Mushayakarara chairs the boards of Mashonaland Holdings, RioZim and Insurance and Pensions Commission.