By Chisomo Phiri
One of the country’s top financial institutions CDH Investment Bank has announced the appointment of Thoko Mkavea as its new Chief Executive Officer (CEO) and Managing Director effective from January 1,2024.
Mkavea succeeds Kweme Ahadzi, who, after two years of dedicated service, is retiring.
The bank has also appointed Beatrix Mosiwa as the new Deputy Chief Executive Officer (DCEO) and Executive Director (ED) also effective from January 1,2024.
Speaking to journalists on Friday in Blantyre, the bank’s board director Kofi Sekyere said they have confident that the new appointed CEO and the Deputy CEO will continue positioning the CDH Investment Bank as the leader in the investment banking space.
Said Sekyere:”With Thoko and Beatrix at the helm, we are confident that our professional expertise will continue to position us as the leader in the investment banking space.
“Our vision remains unwavering to be the leading specialist bank in Malawi.”
He added:”When CDH Investment Bank was established, we envisioned more than just another commercial bank. We aspired to be a unique institution offering a blend of investment banking, advisory, and corporate finance services, with a special focus on investment banking.”
Sekyere said as part of Continental Holdings Group, CDH Investment Bank stands as a multifaceted institution.
“We have marked a remarkable journey, symbolized by numerous achievements that solidify our position as Malawi’s leading investment bank.
“Our partnerships with esteemed international banks and financial institutions emphasize our commitment to facilitating investment into Malawi. We remain open to fostering more lasting partnerships to drive impactful investments in Malawi.”
He concluded:”We extend our heartfelt appreciation to Kwame Ahadzi for his remarkable contributions, and we wish Thoko and Beatrix great success in driving high-impact investment and commercial banking products and services.”
On his part, Thoko Mkavea said him and Beatrix are determined to build on the legacy and make the CDH Investment Bank greater.
He said:” We stand as a solid investment bank, strong, secure, and a true partner to our customers. The commitment and passion of our team have been instrumental in our success. Our ambition is to be the best specialist bank in Malawi, recognizing the positive impact we have had on our customers’ lives.”
Mkavea said the two will continue to make the CDH Investment Bank go beyond traditional banking, delving into governance, planning, research and advisory.
“We will continue to partner with experts to advise governments, corporates, ensuring impactful project completion.
“Our commitment extends from conceptualization to closure, linking international investors with Malawi, and facilitating national development initiatives.
“We remain fully committed to investing in our people, creating an environment where everyone thrives.”
Thoko Mkavea joined CDH Investment Bank in 2007, traversing various roles from managing clients’ funds as a fund manager to shaping the supply side, leading the creation of financial securities for CDH Bank customers.
More recently, he had honour of deputizing the bank’s outgoing CEO Kwame Ahadzi.
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