advErtising supplement to the Zimbabwe independent april 11 to 17, 2014
Congratulatory Supplement On the appointment of
Dr John Mangudya as RBZ Governor
The new man at the helm of RBZ
INCOMING Reserve Bank of Zimbabwe (RBZ) governor and current CBZ Holdings (Pvt) Ltd chief executive Dr John Panonetsa Mangudya was born in Chimanimani in 1963 and has 27 years of banking experience. He began his career in 1986 as an economist with the RBZ until 1996 when he left at the level of principal economist. Mangudya then joined the African Export-Import Bank (Afreximbank), an international bank based in Egypt, as the regional manager in charge of Southern Africa based in Harare. During his stint at the bank, he executed a number of financial structures for the region. He also had a nine-month stint with ZimTrade at the level of assistant chief executive where he managed to change the complexion and status of the organisation. Mangudya joined CBZ Bank in 2000 as the general manager in charge of international banking. He rose to become the executive director in charge of corporate and merchant banking in 2004. In 2006, he became the managing director of CBZ Bank subsequently becoming its chief executive in 2009 when the bank became a group after its purchase of Datvest and Beverly Building Society. It was during this period, in 2009, that he was elected the Bankers Association of Zimbabwe president. This was also the time the multi-currency system was introduced. Mangudya is credited for having successfully put in place and implemented a voucher payment system for national payments before the introduction of the US dollar-based Real Time Gross Settlement (RTGS) system. In 2012, he became the CBZ Holdings group chief executive officer. Under his stewardship, the group managed to grow and consolidated its position under what he termed “One CBZ business model�. He is a moderate Keynesian economist who believes in discretionary fiscal and monetary policies and in rational expectations hypothesis. Mangudya is the board chairperson of both the Industrial Development Corporation and the Agricultural Marketing Authority of Zimbabwe. He is also a board member of Afreximbank and Africa University as well as an ordinary member of the Institute of Directors of Zimbabwe. He is married to Tapiwa and the couple has three children: Farai, Rutendo and Anesu.
Money matters ... The RBZ Building along Samora Machel Avenue in Harare.
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