Finance

Ralph Watungwa new BAZ President

STAFF REPORTER


Standard Chartered Bank Zimbabwe chief executive officer, Ralph Watungwa has been elected the new president of the Bankers Association of
Zimbabwe (BAZ).


Watungwa takes over from FBC Bank managing director, Webster Rusere,who stepped down from the position at the annual general meeting held last week.


Watungwa is deputised by ZB Financial Holdings chief executive officer, Ron Mutandagayi.


Watungwa has 30 years banking experience with Standard Chartered Bank
Group in various capacities and different locations.
Prior to his appointment, as Standard Chartered Bank of Zimbabwe CE in January 2012, Watungwa served as head of retail banking for Zambia unit for three years.


Before that he was Head of retail banking for Standard Chartered Bank Tanzania.
Watungwa has also served as the executive director retail banking for Standard Chartered Bank Zimbabwe and worked in various roles
and capacities within the bank in corporate banking, project
finance, corporate finance and trade finance between 1987
and 2000.


Watungwa is a product of the bank’s graduate training programme. He holds a Master of Business Administration and Bachelor of Business Studies
Honours degree, both from the University of Zimbabwe.


He is also an Associate member and chairman of the Institute of Bankers,
Zimbabwe, non-executive director Mashonaland Holdings and Vice President of the British Business Association.


Mutandagayi is a holder of Bachelor of Accountancy from the University of Zimbabwe
and Masters in Business Leadership (UNISA) degrees, and is a Chartered Accountant by profession.


He did his articles with KPMG Chartered Accountants. He has previously
worked for Willowvale Mazda Motor Industries as general manager in 1992.
Mutandagayi joined Standard Chartered Bank Zimbabwe Limited in February 1998 as company secretary and head of banking services,
a position he held until April 2001 when he left to join NDH Holdings Limited as Chief Finance Officer from where he joined the ZB Group
in February 2004 as Head of Finance and Risk and later, Managing Director of ZB Bank.


BAZ was formed in 1992 to provide a forum for the consideration of matters of policy and mutual interest concerning member banks.
The institution comprises banks registered and authorised to conduct banking services in the country.

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