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Bank Governance


The Board of Directors retains full and effective control of the bank and monitors the Executive Management Team. The Board is also responsible for direction, policies and strategies and all investment and divestment decisions. It also ensures that the bank meets its responsibilities towards all its stakeholders and that the bank is prudently managed against the major risks inherent in business and banking......



Hastings Mtine

Board Chairman

Mr. Mtine has a career spanning over 40 years as a Chartered Accountant. He is currently serving as the Managing Partner of MPH Chartered Accountants having previously served as Senior Partner of KPMG for 15 years until 2011. He serves on a number of Boards which include Mopani and Kwacha Pension Trust Fund where he is the Chairperson. He also serves on the Audit Commitee of Zambeef Plc.

Mr Mtine has been a Fellow of ACCA and ZICA since 1989. Additionally he holds a Bachelor of Laws Degree from University of Zambia (UNZA).

He received several awards in the accountancy profession including Life time achievement and Presidents Award from ZICA, Member Advocate of the year, lead winner for ACCA in recognition of his contribution to the development of the Accounting profession in Zambia.

Mr Mtine is actively involved with various institutions focusing on SME activities



Patrick Wanjelani

Vice Board Chairman

Mr. Wanjelani is the Chief Executive Officer of Newgen Holdings Limited, a financial consultancy, risk management and construction company.

Mr. Wanjelani has extensive experience in banking, accumulated over a period of 20 years. He also has considerable experience in organisational change and transformation, finance and financial planning and corporate governance.

He has held positions of Head Assets Liability Management (ALM), Barclays Africa Treasury, Regional Office, Johannesburg and Chief Financial Officer and Executive Director at Barclays Bank Zambia Plc. He has additionally held position of Board Chairman of the Rural Electrification Authority (REA) and the position of Board Member on the ZESCO Limited Board, Real Estate Investments Zambia Plc and the Lusaka Water and Sewerage Company Board and was the Chairman the Board Audit Commitee.

Mr. Wanjelani currently holds the position of Executive Director on the Kumil Energy Limited Board and Newgen Construction Limited Board. He is a non-executive Director on the Center for Infectious Diseases Research (Z) Board and the Blue Light Risk Management Limited Board.

Mr Wanjelani is a fellow of the Association of Chartered and Certified Accountants (ACCA) and a Fellow of the Zambia Institute of Certified Accountants (ZICA). He holds an MBA from Oxford Brookes University UK and has a Diplomas in Business Administration and Professional Accounting. Mr Wanjelani has also trained in Leadership for the Cu’ing Edge from GIBS University, South Africa.



Mukwandi Chibesakunda

Chief Executive Officer*
*Non Board Member

She is a Past President of the Zambian Institute of Banking and Financial Services, and hails with wide experience in various Financial Service Industry roles. With a banking career spanning over 14 years, she served as first female Managing Director for Access Bank Zambia Ltd. 

Prior to her appointment as Chief Executive Officer for Zanaco, she served as Managing Director National Savings and Credit Bank. She has also served in Executive capacities at Stanbic Bank Zambia as Head of Personal and Business Banking, and at Standard Chartered Bank Plc as Executive Director Consumer Banking. Mukwandi has been featured in various leading publications such as the Forbes Magazine and African Leadership Magazine, addressing subjects on leading transformational growth and supporting the growth of SME’s. 

She has also been very instrumental and influential at The Africa List level and has earned various awards as a leader that drives performance. In February 2019, she was one of ten delegates from across the African continent conferred with a leadership award from the African Leadership Magazine, in recognition of her corporate governance leadership. 

She holds a Master’s Degree in Business Administration (MBA), a Bachelor of Arts degree in Economics from the University of Zambia and a postgraduate Diploma in Business Administration from Manchester Business School.



Chearyp Mkandawire-Sokoni

Non-Executive Director

Chearyp Mkandawire-Sokoni is the Chief Finance Officer of Industrial Development Corporation responsible for the implementation of the financial strategy, financial reporting for the entity and providing oversight over subsidiary financial reporting for Group Consolidation purposes as well as Group statutory audits.

She is a member of the Society of Corporate Compliance and Ethics (SCCE), a Fellow of the Association of Chartered Certified Accountants (FCCA), a Fellow of the Zambia Institute of Chartered Accountants (ZiCA) and a ZiCA accredited mentor for the CA Zambia practical training.  

Her Corporate Finance centered MBA focused on Behavioural Finance, Mergers, Acquisitions & Corporate Restructurings, and Investment Management & Securities Exchange, which culminated in an A-graded dissertation that examined the Informational Efficiency of three (3) Securities Exchanges in Southern Africa namely Johannesburg Stock Exchange (JSE), Malawi Stock Exchange (MSE) and Lusaka Securities Exchange (LuSE).

She studied Corporate Governance at Harvard University (SS) and is a Doctoral Research stage candidate in Business Management under the UNZA and Binary University programme. She is currently studying for a certificate in IFRS.

She has 22 years of experience in finance and management.  Currently she represents the Industrial Development Corporation on Boards of Directors for three (3) of its subsidiaries.
 



Mirjam t’ Lam

Non-Executive Director

Ms ‘t Lam is currently the Chief Financial and Risk Oœicer (CFRO) of Arise and executive member on the Arise board of Directors. She has experience in corporate and retail banking, corporate strategy, credit and risk management. Ms. ‘t Lam works in the financial industry since 2003.

Ms ‘t Lam held various positions in Rabobank and Rabobank International. She was Vice President Renewable Energy and Infrastructure financing Europe and Asia. She served as strategic advisor to the Executive Board of Rabobank Group. She was also an Executive Director on the board of several local Rabobanks in the Netherlands responsible for retail, SME and corporate banking. Prior to joining Arise she was CFRO of Rabo Development.

Ms ‘t Lam holds a Master’s Degree in International Business, a Bachelor’s Degree in Dutch Law and several professional qualifications in credit risk assessment, retail banking, structuring of complex loans, risk management, strategy and governance.



Leonard De Villiers

Non-Executive Director

Mr. De Villiers is Chairman of the CIO Council of South Africa and previous Group CIO at Absa Bank, Nedbank, First National Bank, Transaction Capital and Telkom Group.

He has 30 years’ experience in the IT industry and is considered to be one of the top CIO’s in South Africa. He was voted “the most admired CIO in South Africa” by the CIO Council of South Africa consisting of the top 200 CIO’s in the country and was also voted as one of the Top 10 CIO’s in South Africa by IITPSA / MWEB in 2016.

He has held the position of Managing Director of Microdata, Executive Director at Datakor Holdings, Managing Director of Nedbank’s Group Operation and Managing Director of Nedbank’s Group Technology and Support Services (GTSS).

Mr. De Villiers is also a recipient of several top achiever awards as well as the Nedbank CEO award in 1998. Mr. De Villiers’ currently based in South Africa in Johannesburg and holds the following board positions:

  • Non-Executive Director at BCX (South Africa’s largest IT Company)
  • Non-Executive Director at IEMAS Financial Services
  • Chairman of all their IT Board Sub Commitees
  • Non-Executive Director at University of Pretoria (Advisory Board)
  • Non-Executive Director of Moyo Advisory Services • Strategic Advisor to the Public Investment Corporation (PIC) on Information Technology.


Mukuli Chikuba

Non-Executive Director

Mr. Chikuba is the Permanent Secretary (Economic Management) in the Ministry of Finance. He is also a director on the National Pensions Scheme Authority Board, Zambezi River Authority Board, the National Road Fund Agency Board and on the Boards of two mines in which Government has a stake.

Mr. Chikuba has extensive experience in economic and monetary policy management, commerce and trade and external debt management. He additionally has considerable experience in the banking sector emanating from the diœerent portfolios he had held in the public sector.

Mr. Chikuba holds a Bachelors Degree in Economics, a Master’s Degree in Development Studies, a Master’s Degree in Business Administration (Finance) and is currently pursuing a Doctorate in Business Administration.



Yamfwa Chinyanta

Non-Executive Director

Mr. Chinyanta is currently the Director for Africa – Human Resources and Administration, for the Alliance for a Green Revolution in Africa (AGRA), headquartered in Nairobi, Kenya where he is responsible for developing people strategies for the organization across 12 African Countries. He is also accountable for the development and implementation of human resource policies and practices that are effective, innovative and responsive at both regional and local level; and leading the Institution in attracting and retaining a high-performing, diverse and productive workforce of more than 25 Nationalities in support of its mission.

 Mr. Chinyanta has 17 years’ experience as both an HR Professional and Technology Expert across diverse industries such as Manufacturing, Non-Profit, Telecoms and Agriculture and has extensive local and multi-regional experience as a Human Resource Professional in the areas of Talent Acquisition and Management, Talent Development, Leadership Development, Employee Relations, Policy Development, Change Management and HR Information Systems and Analytics. 

He has held various positions as Head of HR at Cargill and Zamanita; Anglophone Head for Shared Services at Airtel Africa; Head of HR Operations Analysis; Talent Development, Management and Engagement Manager at both Airtel Zambia and Airtel DRC, and as an Information Technology Specialist at John Snow Incorporated. 
He has previously served as Executive Director on the Boards of both Cargill Zambia (2009) Limited and Zamanita Limited. 

Mr. Chinyanta is also a Software Engineer with experience in setting and administering of IT systems and infrastructure, Enterprise Resource Planning systems and Project management.
 Mr. Chinyanta holds a Master’s in Business Administration in Strategic Planning, a SAQA Certified Occupationally Directed Education and Training Development Practitioner Certificate (OD-ETDP), Bachelor’s Degree in Computer Science and is a Microsoft Certified Professional (MCP).  
 



David Musunga

Non-Executive Director

Mr. David Musunga is an Associate of the Chartered Institute of Bankers (AICB) and has over 25 years of executive experience gained from working across banking, commercial and residential real estate sectors.

He has a strong track record of leadership and producing exceptional results across all aspects of corporate banking including business development, risk management as well as retail and banking operations.

He has over 15 years of Board level experience across public and private sectors organisations.

He was instrumental in growing the business for Standard Chartered Bank during his seven year tenure as Head of Wholesale Banking for the Copperbelt region by increasing revenue contribution from 15% in 2003 when he assumed the role to 47% in 2010.

Mr. Musunga’ s leadership qualities and strategic skills were identified by Standard Chartered Bank which resulted in his appointment to serve as Chairman on the country leadership team for the Copperbelt Province.



Regina Mulenga

Non-Executive Director

Mrs Regina Mulenga  holds an MBA Degree and is a part qualified Chartered Accountant. She has over 31 years’ experience obtained from leading banks in Zambia.

She has had a successful banking career at Barclays Bank Zambia Plc where she managed the Business and Retail Banking portfolios. In this role, she was accountable for leading the formulation of strategy and performance delivery of the combined businesses of Retail and Business Banking.

Prior to joining Barclays Bank, Regina worked for Standard Chartered Bank Zambia as General Manager SME Banking. In this role, she was the Accountable Executive for the delivery of SME Banking performance and for the delivery of the overall performance of the Consumer Banking business.

Mrs. Mulenga has also served as  interim Chairman of the Micro Finance Board.