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First Capital Bank Managing Director Resigns

First Capital Bank Limited’s Managing Director, Samuel Matsekete will be leaving the financial institution after tendering his resignation to end a 12 year dance with the bank with effect from January 1 next year in pursuit of a new career opportunity, 263Chat Business has learnt.

The development comes at a time the bank, formerly Barclays Zimbabwe, is in a transitional stage following a 43 percent stake takeover by Malawi-headquartered First Merchant Bank (FMB) last year.

In statement by the bank, Matsekete will be replaced by FMB Capital Holdings Group Chief Finance Officer, Ciarean McSharry who will assume the position of acting Managing Director.

“The Board of Directors of First Capital Bank Limited would like to inform all stakeholders that our Managing Director Mr Samuel Matsekete has resigned from the bank with effect from 1 January 2020 to pursue a new career opportunity,”

“The Board extends its huge appreciation to Sam for his contribution over 12 successful years with the bank and fully appreciates his desire to progress his career and wish him all success in his new endeavors,” read the statement.

The year 2020 is going to be a decisive one for the bank as the co-branding with Barclays will end in October of that year to ensure a seamless transition.

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