In a momentous shift, NBS Bank has announced the appointment of Mrs. Temwani Simwaka as its new Chief Executive Officer (CEO), effective April 1, 2025. A seasoned leader with over 25 years of strategic experience in the financial services sector, Mrs. Simwaka has been serving as the Deputy CEO since 2022, where she has played a key role in driving the bank’s transformation journey.
Under her leadership, NBS Bank achieved significant milestones, including the successful migration of the bank’s core banking system, one of the most impactful technological upgrades in recent years. Additionally, she was instrumental in launching the NBS Bank Forex Bureau, which reached profitability within its first year. Her focus on enhancing operational efficiency, digital capability, and talent development has set a solid foundation for future growth.
Mrs. Simwaka, a Certified Public Accountant and Fellow of the Association of Chartered Certified Accountants (FCCA), holds a Bachelor of Commerce (Accountancy) degree and a Diploma in Business Studies from the University of Malawi. Her leadership philosophy is centered on delivering stakeholder value, empowering teams, and advancing financial inclusion.
The Board of Directors expressed full confidence in Mrs. Simwaka’s ability to lead NBS Bank into its next phase of growth and innovation. “Her deep understanding of the financial landscape and proven track record in driving transformation make her the perfect leader to shape the future of NBS Bank,” said the Board.
As the bank embarks on this exciting new chapter under Mrs. Simwaka’s leadership, the Board also acknowledged the contributions of Dr. Kwanele Ngwenya, the outgoing CEO, for his visionary leadership in transforming NBS Bank.
With a bold vision and a wealth of experience, Mrs. Simwaka is poised to lead NBS Bank toward greater success, continuing its commitment to growth, innovation, and service excellence.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
