Thomas Mpinganjira leaves FDH
FDH Financial Holdings bade farewell to the institution’s founder and former Chief Executive Officer, Thomson Mpinganjira, who retired from managing the conglomerate earlier this month.
Speaking during a farewell cocktail Mpinganjira expressed gratitude that he has achieved the dream he had set out, when he started the institution.
He said when FDH Bank got into the market it was ranked 12 but has grown and claimed position three on the list of top banks in the country.
Mpinganjira also revealed that in his retirement, he will start a foundation which will be doing charity works and providing business capital to innovative youths.
“We are setting up the Thomson and Barbara Mpinganjira Foundation with two sets, the first being philanthropy with main focus on health and education and we also want to nurture innovation and entrepreneurship where we will set up a fund which will be helping youths with a longer repayment period,” Mpinganjira said.
Mpinganjira has since passed on the business to his son William as the new Chief Executive Officer of FDH Financial Holdings Limited.
William pledged to take from where his father has left and continue to grow the business.
“We are in the financial service sector and there is a lot to do. We will enhance our reach in rural areas with more financial inclusion initiatives but also explore business in the SADC region moving forward,” William said.
FDH Financial Holdings Limited is a diversified investments and financial solutions centre with interests in Banking, Discount House Operations, Forex Bureau operations, as well as Investment Management and Advisory Services.
FDHFHL was established in November 2007 as part of the group restructuring to replace First Discount House Limited (FDH), as the holding company of the FDHFHL Group.
Justin Mkweu is a fast growing reporter who currently works with Times Group on the business desk.
He is however flexible as he also writes about current affairs and national issues.