Malawian, seasoned banker, Phillip Madinga, has been appointed Chief Executive Officer, CEO, for Standard Bank-Malawi, subject to approval by the Reserve Bank of Malawi.
A Chancellor College Economics graduate, Madinga also holds a Bachelor of Business Administration (honours) in Business Management and Administration from South Africa’s Stellenbosch University and a Master of Business Administration in Business Management and Administration from the same university.
Madinga has held senior positions in different in the banking industry in the country, for different banks. From 2002 to 2005, he was Head of Corporate Banking for Ecobank, previously known as Loita Investment Bank. In 2005, he was appointed Head of Corporate and Investment Banking for Standard Bank, a position he held until 2008. In 2008, he was promoted to Director for Corpore and Investment Banking for Standard Bank until 2013 when he left Standard Bank to join FDH Bank as its Managing Director.
In 2016, he left FDH Bank and joined First Capital Bank, then known as First Merchant Bank, as it is Group General Manager responsible for Corporate and Commercial Banking. A year later, in 2017, Madinga left First Capital Bank to Join NBS Bank as the its Chief Commercial Officer.
In January this year, he left NBS Bank to return to Standard Bank as Head of Personal and Business Banking, a post he has held for 7 months now until his appointment as the Bank’s Chief Executive Officer.
Madinga will take over from William Le Roux, a South African.
Standard Malawi is a subsidiary of South Africa’s Standard Bank Group, Africa’s biggest financial services provider by assets.
