Chief Executive Officer Zimbabwe
“Grow into a leading Regional African Banking Group”.
Valcol Executive Appointments, A division of the Valcol Group, is privileged to represent and assist as Lead Consultants the search and selection of candidates to be considered for the role of
Chief Executive Officer – Zimbabwe.
FMBcapital Group
FMBcapital Holdings plc is the Mauritius-based holding company of the FMBcapital Group. It is listed on the Malawi Stock Exchange and has banking and finance operations in five SADC countries, namely Botswana, Malawi, Mozambique, Zambia, and Zimbabwe, with an Information Technology and Operations Shared Service Centre in Mauritius. The FMBcapital Group has consolidated its position as a leading regional commercial bank and its growing SADC footprint serves the cross-border banking needs of clients and businesses operating in the sub-Sahara region.
Operating as First Capital Bank it comprises 78 Branches and agencies, 440,000 Customers, 1773 Staff and Assets of USD$1.3 billion (as at end 2021). First Capital Bank offers a wide range of products and services. Consumer offerings include transactional accounts, loans, foreign exchange, electronic banking channels (internet, mobile app and USSD mobile banking), VISA (local and USD) debit cards, remittances in partnership with money transfer entities and insurance products. Commercial offerings include foreign exchange and treasury related services, lending products (loans and overdrafts), asset-based finance, electronic banking channels (Internet Banking and POS) and transactional products.
The Group originated in Malawi (first branch opened in 19995 as First Merchant Bank Malawi) and embarked on a successful journey to become a major regional player by establishing banking operations in the 5 countries between 2006 and 2019 through FMB Ltd. In 2018, FMB Ltd transferred ownership to FMBcapital Holdings thus completing the Group’s restructuring. All FMBcapital Group banks were rebranded to First Capital Bank in 2018.
First Capital Bank Zimbabwe: In October 2017 FMBcapital Group acquired shareholding in Barclays, Zimbabwe and briefly traded as First Capital Bank in association with Barclays before the Barclays brand was completely devolved in 2018. FMBcapital Group effectively holds a 52.5% shareholding in the bank through a 100% acquisition of Afcarme in 2021. The bank is one of the leading banks in Zimbabwe and has operated in the country since 1912 and is listed on the Zimbabwe Stock Exchange
First Capital Bank Zimbabwe seeks to recruit their Chief Executive Officer who will be reporting to the Chairman of the Zimbabwe Board and functionally to the Group CEO who is based in Blantyre, Malawi.
The Chief Executive will act as the First Capital Bank Group senior point of contact to the country regulator(s) and be responsible for the country’s banking operations.
The key functions reporting into the CEO would be:
Corporate & Commercial Banking, Retail Banking, including Consumer Lending, Marketing, Treasury Operations, Information Technology, Finance
Risk & Compliance, Credit, Human Resources, Legal Risk Compliance.
While striving to exceed industry benchmarks in key areas of importance, your task ahead requires an ability to drive financial performance, business development and customer experience, ensuring strategic direction across the operations is met under regulatory, risk, control, and governance.
This leadership role offers an immense opportunity for a senior executive to assume the helm of Zimbabwe’s leading commercial bank with significant market share and with exciting development plans.
Our clients’ values provide a framework for how they in First Capital Bank work together and serve their customers and the communities they are in.
- Respect
- Innovation
- Service Excellence
- Collaborative
- Citizenship
Candidates should have a minimum of 15 years’ relevant banking experience of which at least 5 must be at senior Exco management level.
- Strong analytical skills and a high level of business and financial acumen, sound judgement & proven problem-solving skills.
- Excellent interpersonal skills with strong influencing/persuasive skills and an ability to build and maintain effective relationships at highest level.
- Proven values-based leadership and experience in leading large teams.
- Good understanding of broader regulatory environment including relevant codes of practice.
- Is a good communicator, presents well and has strong interpersonal skills.
- Has impeccable integrity and high personal ethics.
This attractive opportunity allows for an executive to make an impact and visible difference to an evolving financial services sector across new services and product lines. In return, our client naturally offers the appropriate remuneration and fringe benefits structure to attract the leadership skill required.
In confidence, please email – Colin Roberts – Lead Consultant.