NMBZ provides premium financial services to corporates, institutions and high net worth individuals and is dual-listed on the Zimbabwe and London Stock Exchanges.
Key personnel
The bank’s senior management is comprised of highly qualified and experienced individuals, the majority of which have previously held senior positions in renowned international and local financial institutions.
Benefit P Washaya
Chief Executive Officer of NMBZ Holdings Limited and NMB Bank Limited
Qualification and Experience: AIBZ, CAIB (SA), ACIS, MBA Finance (University of Wales)
Mr. Washaya commenced his banking career with Barclays Bank in 1978 where he held general management positions including Director’s Assistant, Risk Management and Business Centre Director. He left Barclays Bank in 1997 to join NMB Bank where he became Divisional Director, Risk Management and was responsible for setting up the Risk Management systems in the bank. Benefit Washaya moved to Metropolitan Bank of Zimbabwe Limited in March 2004 as Chief Executive Officer. He re-joined NMB Bank as Managing Director on 7 January 2008 during a very difficult period in the history of the bank. He successfully presided over the change-over period from the ZWD to the multi-currency regime in 2009 when most bank balance sheets started from a near zero base. In 2010, he was part of the team that successfully raised US$10 million through a rights issue which broadened the bank’s shareholder profile and again in 2013, he was part of the team that was involved in a private placement which raised close to US$15 million and brought on board three strategic institutional investors.
Margret Chipunza
Chief Finance Officer
Qualification and Experience: Bachelor of Accounting Science from the University of South Africa, CA(Z), Certified Microfinance Expert with Frankfurt School of Finance and Management, Certificate in Strategic Leadership in Inclusive Finance, Certificate in Financial Management
Mrs. Chipunza is a Chartered Accountant having trained with Deloitte. She has over 20 years of experience in the financial services sector, having worked for Metropolitan Bank, ZABG Bank, Agricultural Development Bank of Zimbabwe and Untu Microfinance in various senior positions. She is an alumnus of the Boulder Institute of Microfinance, the School of African Microfinance and the HBSAccion program on Strategic Leadership in Inclusive Finance which is offered by Harvard Business School – Executive Education. Prior to joining NMB Bank, Mrs. Chipunza was the Chief Financial Officer of African Century Limited.
Lionel Chinyamutangira
Business Development Executive
Qualification and Experience: MBA(UZ), AIOBZ, ACIS
Mr. Chinyamutangira is the Business Development Executive appointed on 1 April 2019. Before assuming this role, he held other senior positions in the bank which include Chief Banking Officer, General Manager – Risk Management and Assistant General Manager – Corporate Banking. Lionel joined NMB Bank in 2001 after having gained working experience from Standard bank, ZB Bank and MBCA.
Gerald Gore
Deputy Chief Executive Officer
Qualification and Experience: Master in Business Leadership (UNISA-SA), Executive Development Program (Wits Business School-SA), MSc in Finance & Investments (NUST), BCom Honours in Banking
Mr. Gore has worked for a number of banks including Barclays Bank, Interfin Merchant Bank and the Reserve Bank of Zimbabwe from 2000 to early 2008. He is a qualified banker with experience in strategic management, risk, treasury and lending, coupled with progressive years in driving change initiatives aimed at driving performance in banking institutions. He joined NMB Bank on 1 July 2008 as Head of Risk, rose to the position of Chief Risk Officer before his appointment to the position of Chief Operating Officer in December 2015. He was elevated to the position of Deputy Chief Executive Officer in September 2019.
Loyd Kazunga
Chief Banking Officer
Qualification and Experience: MSc Finance (NUST), BCom Finance (NUST), AIOBZ
Mr. Kazunga began his career in 2000 with NMB Bank as an Investment Analyst. He then joined Century Investment Bank in 2001 as an Investments Manager and rejoined NMB Bank as Head of Corporate Finance in 2008 and served until 2010. On 1 March 2012, he re-joined NMB Bank as Divisional Executive -Corporate Finance until his appointment to the position of Deputy Chief Banking Officer in September 2016. Mr Kazunga was appointed Chief Banking Officer of NMB Bank on 1 September 2019. In his current role, he leads the Business Units of the Bank.
Luckson Madziwa
Chief Technology and Operations Officer
Qualification and Experience: Masters in Computer Science (Georgia Institute of Technology), BSc Computer Science (NUST), Oracle Certified Java Programmer, Certified Technology Solutions Architect, Certified Software Tester, COBIT 5, ITIL
Mr. Madziwa is an accomplished technopreneur, pioneering and recognized technology and business leader, known for crafting strategic direction to achieve business growth, turnaround, innovation, disruption and transformation. His experience offers a unique blend of executive acumen, with diverse technology and business experience in telecommunications, insurance, fintech, digital transformation, banking, digital payments, financial services, and mobile money in different markets. Prior to joining NMB Bank he worked for E-Solutions, Telecel Zimbabwe, Econet Wireless Zimbabwe and Steward Bank. He joined NMB Bank on 1 August 2019 as Head of Information, Communications & Technology (ICT) and subsequently appointed to the position of Chief Technology and Operations Officer on 1 December 2020.
Ashley Fushai
Chief Risk Officer
Qualification and Experience: Masters in Business Leadership (UNISA-SA), MSc Quantitative Finance (University of London), BSc Applied Mathematics (NUST)
Mr. Fushai began his banking career with the Reserve Bank of Zimbabwe in 2008 in the Banking Licensing, Supervision and Surveillance division. He later worked for a local consulting company as a senior consultant focusing on Risk Management, Basel II and Financial Modelling. He joined NMB Bank on 11 January 2011 as a Quantitative Risk Analyst before being promoted to the position of Senior Risk Manager looking after Credit, Market, and Operational Risk. He was appointed Head of Risk and Compliance in December 2015 and then appointed to the position of Chief Risk Officer on 1 December 2020.
Erasmus Bhunu
Head – Business Banking (Corporate Banking and SME Banking)
Qualification and Experience: Master of Business Administration (University of Stellenbosch Business School), BSc (Honours) in Applied Accounting (Oxford Brookes University), ACCA Affiliate, Grad CIS, IOBZ Associate
Prior to re-joining NMB Bank Limited, Mr. Bhunu worked for Standard Chartered Bank from 1999 to 2002, NMB Bank Limited in 2003 and ZB Bank Limited from 2004 to February 2018. He re-joined NMB Bank on 1 March 2018 as Head of SME Banking and on 1 December he was appointed to Head Business Banking (SME Banking and Corporate Banking).
Aylwin Chiyoka
Head – Consumer Banking and Value Added Services
Qualification and Experience: Executive Master of Business Administration (MSU), BCom Financial Management (UNISA)
M.r Chiyoka worked for Standard Chartered Bank from 1993 until joining NMB Bank in 2000. He has worked in various positions; Head of Operations, Head of Credit Administration and on 1 December 2020 appointed to the position of Head of Consumer Banking and Value Added Services.
Shanangurai Takaindisa
Head – Treasury & International Banking
Qualification and Experience: MSc. Economics (UZ), BSc. Hons in Economics, ACI Dealing Certificate
Ms. Takaindisa worked for Standard Chartered Bank from 2008 to 2013. She joined NMB Bank on 1 June 2013 as Treasury Manager and appointed to Acting Head of Treasury & International Banking on 1 December 2020. She was appointed to Head – Treasury & International Banking effective 1 July 2021.
Pamela Chinhoyi
Head – Human Capital
Qualification and Experience: BSc Human Resources Management, MComm Strategic Management and Corporate Governance, Dip. Talent Management, Dip. Competency and Skills Mapping, Dip Human Capital Development
Ms. Chinhoyi is a certified Talent Practitioner with solid experience in process transformation and innovative cutting-edge employee solutions that drive strategy attainment. She is passionate about competency mapping, talent value chain, performance management and leadership development.
Fradreck Chimhenga
Head – Credit Management
Qualification and Experience: MSc Banking & Financial Services (NUST), BBS (Honours) Finance & Banking (UZ)
Mr. Chimhenga joined NMB Bank in 2014 from Standard Chartered Bank where he was Head of SME Credit – Zimbabwe and Retail Credit Portfolio Manager – South Africa. He worked for Premier Banking Corporation / Ecobank and BancABC Zimbabwe where he held various positions. He also attended several courses in Risk Management and he is a member of the Institute of Bankers of Zimbabwe.
Violet Mutandwa
Qualification and Experience: Head – Legal and Corporate Affairs/Company Secretary
Qualification and Experience: LLBS Honours in Law, Masters in Commercial Law, M.Phil. Development Finance and candidate for a Doctorate in Law.
Mrs. Mutandwa has 18 years’ experience as a legal practitioner with extensive experience in Banking having worked for the Reserve Bank, NMB Bank and First Capital Bank. She rejoined NMB Bank effective 1 August 2021.
Viola P. Ndhlovu
Head – Compliance
Qualification and Experience: B.Comm (Hon) in Banking and Finance (MSU), MSc in Finance and Investment (NUST), CPrac (SA), ICCP, ACCPA
Mrs. Ndlovu worked for the Reserve Bank of Zimbabwe from 2010 – 2017, specializing in Banking Supervision. In 2017 she joined Metbank Bank Limited to Head Compliance Risk Management and Anti-Money Laundering Risk Management. She joined NMB Bank Limited on 1 April 2020 as the Head of Compliance. Mrs. Ndlovu is a compliance practitioner, CPrac (SA) designate and an International Certified Compliance Professional (ICCP) designate bestowed by the Compliance Institute of Southern Africa (CISA). She is also an ACCPA Certified designate in Anti-Money Laundering Compliance bestowed by the Association of Certified Compliance Professionals in Africa. She has held the position of Chairperson for the Banker’s Association of Zimbabwe (BAZ) Compliance Committee, 2020-2021.
