It is my pleasure to share with you that after careful consideration, the NBM plc Board of Directors has appointed Mr. Harold Nester Jiya as the CEO Designate of NBM plc, effective from the beginning of the year 2024.

The appointment of Mr Jiya is accordingly, a significant step in the Bank’s succession planning process triggered by the imminent departure of the current Chief Executive Officer Mr Macfussy Kawawa, who is due to retire in June 2024. The CEO Designate will continue to understudy and work hand in hand with current CEO until the latter retires.

The Board is excited with the prospects of Mr Jiya assuming the role of the CEO substantively upon satisfying and fulfilling the necessary milestones set by the board.

Mr. Jiya holds a Master of Business Administration Degree from Exeter University in UK, a Bachelor of Commerce (Accounting) Degree from the University of Malawi, The Polytechnic, and an ACIB/BSc (Honors) qualification from UK.

He is an alumnus of the prestigious Advanced Management & Leadership program of the Oxford University’s Said Business School. In preparation of this

leadership transition, Mr Jiya recently completed an Advanced Management Program at Insead Business School, in France.

Mr. Jiya is a veteran banker with over 20 years’ management and leadership experience. He has held several positions including Head, Corporate Banking/ Wholesale Banking Division and General Manager before being appointed Deputy Chief Executive Officer in September 2020.

Since then he has been under the current CEO’s mentorship. He brings a wealth of knowledge, experience and a proven track record of leadership to this role and his appointment is a testament to the rigorous succession planning process the Bank has undertaken to ensure a smooth and seamless transition in leadership.

As we embark on this transition journey, I have full confidence that Mr Jiya will build upon the strong foundation laid by those before him and continue to uphold the values and principles that have made NBM plc a leader in the banking industry.
The Board and I are committed to ensuring a smooth transition process that prioritizes the well-being of our customers, shareholders, employees and other stakeholders for the continued success of NBM plc.

Please join me in congratulating Mr Jiya on this great achievement of ascending to the position of CEO (Designate). I have no doubt that with everyone’s support, he will take the Bank to new and greater heights.

Meanwhile, the Board acknowledges the great contribution and strategic leadership provided by Mr Macfussy Kawawa over the years that he has been serving as CEO. He has nurtured and provided direction to a highly motivated and dynamic leadership team that has grown the Bank and sustained its position as a market leader.

During Mr. Kawawa’s leadership, NBM plc has delivered stellar results including achieving phenomenal growth in revenues, profitability, assets and shareholder value.

Jimmy Lipunga,
Chairman, NBM Board of Directors