Malawian, seasoned banker, Phillip Madinga, has been appointed Chief Exucutive 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 Adminstration from the same university.
Madinga has held senior positions in different institutions. 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 when he was promoted to Director for Corporate and Investment Banking until 2013.
In 2013, Madinga left Standard Bank to join FDH Bank as it’s Managing Director. In 2016, he left FDH Bank and joined First Capital Bank, then known as First Merchant Bank, as its Group General Manager responsible for Corporate and Commercial Banking.
A year later, in 2017, Madinga left First Capital Bank to Join NBS Bank as 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 until his recent 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.