NBS Bank has appointed Temwani Simwaka as its new Chief Executive Officer (CEO), effective April 1, 2025.
The company secretary, Marsha Machika, announced in an official statement that Simwaka, who has served as the bank’s deputy CEO since 2022, will succeed Kwanele Ngwenya following the completion of his tenure.
“The Board is pleased to appoint Temwani Simwaka as the new CEO of NBS Bank. Her extensive experience, strategic leadership, and dedication to excellence position her perfectly to drive the bank’s continued growth,” said Machika.
With over 25 years of executive leadership in the financial services sector, Simwaka brings a wealth of expertise to her new role.
She has played a pivotal role in the bank’s transformation, spearheading key projects such as the successful migration of its core banking system and the launch of the NBS Bank Forex Bureau.
“Mrs. Simwaka has been instrumental in our transformation journey, excelling in her role as Deputy CEO. Her leadership was crucial in the successful upgrade of our core banking system, one of the bank’s most significant advancements in recent years,” Machika added.
Beyond her corporate achievements, Simwaka is recognized for her dedication to mentoring and empowering women, particularly within the financial sector. Her leadership and vision will be invaluable as NBS Bank adapts to the evolving financial landscape.
A certified public accountant and a Fellow of the Association of Chartered Certified Accountants, Simwaka holds a Bachelor of Commerce (Accountancy) degree and a diploma in business studies from Malawi University of Business and Applied Sciences (MUBAS).
The bank also expressed its gratitude to Ngwenya for his visionary leadership and notable contributions to NBS Bank’s transformation.
