In a letter released on 7th September 2020, the Chief Executive Officer of FDH financial holding limited announced his retirement from his position.
Following this development the holdings has announced the appointment of William Mpinganjira as the new CEO to lead the group.
The appointment of the young Mpinganjira has already been approved by the Reserve Bank of Malawi.
At the age of 36, William will lead a financial group with five subsidiaries namely FDH Bank plc, FDH money bureau Ltd, First Discount House, FDH advisory services, and MBS properties Ltd.
He has been described as seasoned banker with an eleven years experience in banking and financial industry.
To his credit, William Mpinganjira seem to the rightful heir to the throne beyond his last name. He holds a Bachelor’s Degree in Finance and Accounting obtained from London South Bank University. He also has two Masters degrees in International Business from Grenoble Graduate school of business, France and master of banking and finance from Bangor Business school, Wales.
The list of his accolades on his CV is quite impeccable as he is also a member of Institute of Chartered Accountant in Malawi, a chartered bank with Chartered Bankers instutute, and a fellow of Association of Certified Chartered Accountants.
George Chitera moves in to deputise the new CEO. He is an established guru in the industry. He joined FDH financial holding in 2007 and has well above 15 years experience.
His CV is well decorated with a Bachelor’s Degree from polytechnic, a master’s from South Africa, and he is a member and fellow of a number of institutions.
Surely, Thom has left his legacy in safe hands. This looks quite an impressive succession plan for the embattled senior Mpinganjira put in place.
In January this year, ACB arrested Mpinganjira after Chief Justice Andrew Nyirenda complained to the bureau that a business person and a public servant wanted to bribe the five judges who presided over the 2019 presidential election case. He is being accused of attempting to bribe a public officer to abuse his office by attempting to persuade Tembo and Potani to accept the bribe and rule the election case in favour of former president Peter Mutharika and the Malawi Electoral Commission who were the respondents in the case.