In accordance with Section 3.59(a) of the Lusaka Securities Exchange Listings Rules (“LuSE Listings Rules”), the Board of Directors (the “Board”) of Standard Chartered Bank Zambia PLC (“SCB” or the “Bank”) wishes to announce that Mr. Herman Kasekende, the current Managing Director and Chief Executive Officer of Standard Chartered Bank Zambia Plc will be leaving Zambia after over five years of dedicated service. Herman will be relocating to Tanzania at the end of May 2022 in the same position.
The Board is pleased to advise that it has appointed Mr. Sonny Zulu as Managing Director and Chief Executive Officer of Standard Chartered Bank Zambia Plc effective 1st July 2022.
Mr Kelvin Bwalya – Executive Director Finance and Administration will be acting as Managing Director and Chief Executive Officer of Standard Chartered Bank Zambia Plc in the interim.
Sonny has been on a Long Term Assignment in the UAE since 2018 and is currently the Head of Consumer Private and Business Banking (CPBB).Sonny brings with him 18 years of Banking experience and has successfully demonstrated both technical and leadership competencies in the roles he has held.
He was appointed Head of Consumer, Private and Business Banking (CPBB) in the UAE in 2019 and prior to that, he was Head of Strategic Transformation, Alliances and Performance Management (UAE). Under his leadership of CPBB UAE, he transformed the Business to deliver sustainable profitability and a model for future growth. He has turned around the UAE Business and achieved record performance across all key performance indicators. Prior to his assignment in the UAE, Sonny held several positions in Zambia, most notably Head of Retail Banking, Zambia and Southern Africa.
The Board is pleased to welcome Mr. Sonny Zulu back to Zambia and is confident that he will add immeasurable value to the Bank.
By Order of the Board