BancABC executives to step down after takeover

In a statement released yesterday, the bank stated that the chief executive officer, Douglas Munatsi, group chief financial officer Beki Moyo and group chief operating officer Francis Dzanya would leave the company at the end of this year to make way for a new team, led by Simbarashe Ronald Pfende.

Pfende joins BancABC from the Standard Bank group where he was head of finance transformation.  Makhosi Boyede and Amelia Reynecke have been appointed co-chief operating officers, and the chief financial officer will be Christine Bronkhorst. This follows Atlas Mara’s successful completion of its acquisition of BancABC in August.