HARARE – Standard Chartered chief executive Ralph Watungwa is the new Bankers Association of Zimbabwe president.
He takes over from FBC Bank managing director Webster Rusere, who completed his tenure at the annual general meeting, which was held yesterday. The BAZ presidency is held under a rotational system where the vice president automatically becomes president at the end of a typically two-year tenure.
Watungwa will be deputised by ZB Holdings chief executive Ron Mutandagayi.
BAZ was formed in 1992 to provide a forum for the consideration of matters of policy and mutual interest concerning member banks. The institution comprises banks registered and authorised to conduct banking services in the country.