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CDH Investment Bank Appoints Thoko Mkavea as New CEO

January 20, 2024

Written by Joseph Nkula
CDH Investment Bank Appoints Thoko Mkavea as New CEO
CDH Investment Bank Appoints Thoko Mkavea as New CEO
In a recent announcement, CDH Investment Bank, represented by Kofi Sekyere, a member of its board of directors and spokesperson for the Board Chairman, Franklin Kennedy, disclosed the appointment of Thoko Mkavea as the bank's new Chief Executive Officer and Managing Director, effective January 1, 2024. Mkavea assumes the role following the retirement of Kwame Ahadzi, who served the institution diligently for two years. The official announcement was made by Kofi Sekyere during a press briefing held on Thursday, January 19, 2024, at the distinguished Amaryllis Hotel in Blantyre. Sekyere highlighted that Mr. Mkavea has been entrusted by the bank to execute its vision and spearhead the expansion of the bank's business. Mkavea, who joined CDH Bank in 2007 as a Funds Manager, played a pivotal role in shaping the supply side and leading the creation of financial securities for the bank's customers. In his remarks, the newly appointed CDH Bank CEO expressed immense pride in the bank's accomplishments over the past twelve years and conveyed his determination to build upon this legacy for greater success. Mkavea also expressed his anticipation of a strengthened partnership with the media in the years to come, acknowledging the pivotal role the media has played over the past years. During the press briefing, Director Sekyere further unveiled the appointment of Beatrice Masiwa as the new Deputy Chief Executive Officer and Executive Director. This strategic leadership team is positioned to guide CDH Investment Bank towards sustained growth and success in its corporate endeavors. In conclusion, Sekyere extended the bank's heartfelt appreciation to the outgoing Chief Executive Officer, Kwame Ahadzi, for his remarkable contributions. He also conveyed best wishes for the new CEO and his deputy, expressing confidence in their ability to drive high-impact and innovative banking products and services.