ABC appoints acting CEO


ABC Holdings Limited (ABCH), trading as BancABC, has appointed Dr Blessing Mudavanhu as acting group chief executive officer with effect January 1, 2015.

The appointment comes after the departure of former chief executive officer Douglas Munatsi, who left in December last year. In an announcement yesterday, the group’s board of directors said Dr Mudavanhu had been with ABCH for nearly six years, serving as group chief risk officer. He worked in financial services in New York for several years. Prior to joining ABCH, he was a director in Global Risk Management at Bank America Merrill Lynch.

“He has been a member of the ABCH executive committee for several years and has led or participated in discussions and decisions related to all aspects of the group’s operations. Dr Mudavanhu has a doctorate in Mathematics from the University of Washington and a Masters in Financial Engineering from the University of California at Berkeley,” the group disclosed.

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