Murambadoro appointed Nedbank Zimbabwe Managing Director

STAFF WRITER

Nedbank Zimbabwe has appointed seasoned banking executive Betty Murambadoro as its new Managing Director, marking a leadership transition at one of the country’s key financial institutions.

She takes over from Dr Sibongile Moyo, who stepped down in January this year after nearly six years at the helm. Since Dr Moyo’s departure, Heresy Herry has been serving as Acting Managing Director.

Murambadoro brings extensive experience in senior leadership roles across corporate banking, investment banking, and client coverage, within the mining sector.

She has built a track record in structuring complex transactions, driving balance-sheet growth, and building long-term strategic relationships with corporates, government, and international partners.

Her professional footprint also includes board-level experience at Standard Bank Eswatini, as well as serving on the boards of Stanbic Bank Zimbabwe and Stanbic Nominees, where she contributed to governance, risk oversight, and regulatory engagement.

Her leadership profile is complemented by international training in sustainable finance, ESG and corporate governance.

Commenting on the appointment, Nedbank Zimbabwe Board Chairperson Innocent Dutiro said Murambadoro brings both credibility and deep market understanding.

“Betty is a highly respected leader with a deep understanding of our market. Her experience, judgement and stakeholder credibility position her well to lead the business with stability and purpose as we continue to execute our strategy,” he said.

The board expressed confidence that her appointment will ensure continuity while strengthening the bank’s strategic focus on clients, shareholders, and broader contribution to the Zimbabwean economy.