Fbc Bank Limited managing director Webster Rusere, has been given a vote of confidence by the Bankers Association of Zimbabwe (BAZ) after being re-elected president. Rusere was re-elected during the BAZ annual general meeting held recently.
He will be deputised by Standard Chartered Bank of Zimbabwe Limited chief executive officer, Ralph Watungwa.
Watungwa came into the picture after NMBZ Limited chief executive officer Benefit Washaya did not avail himself for re-election.
BAZ chief executive officer Sijabuliso Biyam last week said: “At the 26th annual general meeting of the Bankers Association of Zimbabwe held on Tuesday April 30, 2019, Mr Webster Rusere, the managing director of FBC Bank Limited was re-elected president of the Bankers’ Association of Zimbabwe.
“Mr Ralph Watungwa, the chief executive officer of Standard Chartered Bank Zimbabwe Limited, was elected vice president replacing Mr Benefit Washaya who was unavailable for re-election.”
Biyam saluted the outgoing Washaya for the “sterling work during his term as vice president and wish him well”.
Rusere was first elected BAZ boss on May 2, 2018, replacing Charity Jinya.
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.
It provides information, research and operational support services primarily to the banking sector, and is a highly respected industry association formed solely for the interests of its members, and the wider economy.