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Thom Mpinganjira passes FDH mantle to son

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Business magnate Thomson Mpinganjira, who was Group Chief Executive Officer of FDH Financial Holdings and had recently gone on leave, Monday announced his retirement from the company.

According to a statement by the company’s board of directors, seasoned banker and son William Mpinganjira has now taken over the mantle as Group CEO, while George Chitera is the new deputy Managing Director for FDH Financial Holdings.

It follows approval of the appointments by the Reserve Bank of Malawi.

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Mpinganjira’s retirement comes barely a month after one of FDH Financial Holdings’ subsidiaries, FDH Bank, listed on the Malawi Stock Exchange.

The statement says Mpinganjira’s retirement follows fulfillment of his ambition and vision.

“Following the successful listing of FDH Bank, the flagship subsidiary of FDH Financial Holdings Limited, I consider my work done here and it is time to move one,” Mpinganjira is quoted to have said in the statement.

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He says he will proceed to manage the Thomson and Barbra Foundation and other family businesses.

In a separate statement announcing William Mpinganjira’s appointment, FDH Financial Holdings says the appointment is with effect from September 1 2020.

In an interview yesterday, William said he looks forward to contributing towards continued sustainable growth of the business.

“We now have to consolidate our position as a financial services group. Once we do that, we will look outside the country for more business opportunities,” he said.

William Mpinganjira is a seasoned banker with more than 11 years experience.

Prior to his appointment, he worked as Deputy Managing Director for FDH Bank.

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