Gabaraane to take the reigns of Stanbic bank Zambia
Staff Writer | Wednesday December 13, 2017 16:16
Gabaraane moves on to the new assignment after 10 years of leading Stanbic Bank Botswana.
He joined the Standard Bank Group in 2002 as principal business development officer (Projects) at Stanbic Investment Management Services (SIMS) and rose through the ranks to executive director at SIMS in 2004. In 2007, Gabaraane was appointed deputy managing director of Stanbic Bank Botswana and promoted to managing director in 2008.
He started his career at Botswana Development Corporation (BDC), in 1995 where he joined as assistant operations officer responsible for business development, project evaluation and monitoring.
He currently sits on the Board of Stanlib, Liberty Life and UB Foundation.
“We are very pleased to share this great news of Leina’s next chapter, moving on to a much larger market in Zambia, and taking the culture, passion, experience and learning from our Botswana business with him. This is something we are all tremendously proud of, and we look forward to seeing yet another export of Botswana talent, which serves us well in showcasing the depth of skills Botswana have and can be proud of, and indeed bringing learnings back for us to continue to grow here,” said Chief Executive – Africa Regions, Sola-David Borha.
“We are confident that the Zambia business will come to appreciate his immeasurable leadership as much as the team he leaves in Botswana have over the last decade,” said Chief Executive – Africa Regions, Sola-David Borha.
During the last 10 years in Botswana, Gabaraane grew Stanbic Bank Botswana to be a trusted banking partner to Batswana for 25 years. He drove the increase of Stanbic Bank’s market share and expansion of its footprint from being the fourth largest bank in Botswana to now being the third largest. Under his leadership, Stanbic Bank Botswana received accolades such as Best Foreign Exchange Provider in Botswana 2013, 2014, 2015, and 2017 (Global Finance Magazine).
During that period, the bank was also honoured with the Best Investment Bank in Botswana 2016 (EMEA Finance) award as a well as Bank of the Year in Botswana 2016 (The Banker Magazine); and Best Innovative Bank in Botswana 2017 (Global Finance Magazine).
“I am incredibly excited for this next phase in my journey, and take with me memories and relationships with our staff, customers, partners, and various valued stakeholder’s. One cannot describe the importance of the family we have grown here, and for this I am grateful. Now, with a new challenge and a new opportunity, I look forward to helping grow the Standard Bank narrative in Zambia, and moving another market in Africa forward. After all, Africa is our home and we drive her growth,” Gabaraane said.
The bank said details on the Interim Acting Chief Executive will be shared in due course, and the process of identifying a permanent person for the role has begun.