Business Magnet Thomson Mpinganjira has resigned as the First Discount House Bank(FDH) Chief Executive Officer, after serving it for 21 years.
Mpinganjira’s resignation is with effective from September 1 2020. In a statement released today Monday, September 7 2020, signed by the Board of Chairman of FDH Financial Holding Limited Group, Noel Mkulichi which FCM TV Online has seen says Mpinganjira has resigned to among other things, manage his other family business such as Thomson and Barbala Mpinganjira Foundation.
” The Board Directors of FDH Financial Holdings Limited is announcing the retirement of its Chief Executive Officer Dr. Thomson Mpinganjira, with effect from September 1 2020,” reads the part of the statement.
Mkulichi further said Mpinganjira’s retirement follows the fulfillment of his ambition and vision of listing FDH Bank as plc.
“In December 1999 when the First Discount House was conceived, Dr. Mpinganjira was recently quoted: ‘following the successful listing of FDH Bank Plc, the flagship subsidiary of FDH Bank Holdings Limited, I consider my work done here and it is time to move on,’ ” Added Mkulichi.
Mkulichi also said FDH Holdings was the first Malawian private Bank to be Publicly listed as plc under Mpinganjira’s leadership. Mkulichi also said the FDH Holdings Limited has employed over 800 Malawians since it’s establishment in 1999.
Mkulichi said: “Dr Mpinganjira’s vision was to leave a legacy that will outlive him and generations to come setting the pace for Malawians; a vision that has been realized through the growth of FDH Financial Holdings Limited and its subsidiaries, which provide jobs for more than 800 employees in the country.”
Meanwhile, Mkulichi in the same statement has since revealed that William Mpinganjira, son to Thomson Mpinganjira shall take over the mantle of Chief Executive of Officer of FDH Holdings Financial Limited, forthwith.
“The Board of Directors of FDH Financial Holdings Limited has appointed Mr.William Mpinganjira as its Group Chief Executive Officer, effective from September 1 2020,” further reads the statement.
Mkulichi said William Mpinganjira’s appointment follows the approval by the Reserve Bank of Malawi.
“The appointment approval by the Reserve Bank of Malawi, follows the retirement of FDH Financial Holdings Limited Chief Executive Officer Dr.Thomson Mpinganjira. Mr William Mpinganjira will head the FDH Bank Financial Holdings Limited which has five subsidiaries, namely: FDH Bank plc, FDH Bank Money Bureau Limited, First Discount House Limited, FDH advisory services and MSB properties Limited,” said Mkulichi.
According to Mkulichi, William Mpinganjira is a seasoned Banker with 11 years experience, he also holds a Bachelor Degree of Finance and accounting, obtained from London South African University.
Mkulichi said: ” Prior to his appointment as Chief Executive Officer for FDH Financial Holdings Limited Group, Mr. William Mpinganjira worked as the Deputy Chief Executive Officer for FDH Bank for three years. And was an acting manager in 2019.”
The statement further states that the Group has appointed George Chitera as its Deputy Chief Managing Director.
Thomson Mpinganjira is a well-known as the most successful business man in the country, as he his recognized as the founder of the FDH Bank. Some of the recognitions include: the most world’s successful professionals and was listed in the MADISON’s WHO of proffessionals, among others.