NBC appoints Pius Tibazarwa as Interim Managing Director

NBC Tanzania has appointed Mr Pius Tibazarwa as Interim Managing Director of the bank to succeed Ms Mizinga Melu who has been assigned a new role as Chief Executive Officer of Barclays Africa Regional Management.

The NBC Board Chairman Dr Mussa Assad said in Dar es Salaam that the outgoing NBC Managing Director has built a strong team which is truly transforming the bank’s business.

“As Managing Director of NBC Tanzania, Mizinga is leaving the business in a much stronger position from where the team will continue to build on under Pius’s leadership.

I wish Pius and Mizinga both well in their new endeavours,” he said. NBC Tanzania is a subsidiary of Johannesburg listed Barclays Africa Group Limited.

Pius is currently the Treasurer for NBC Tanzania and has recently been on secondment to BAGL in Johannesburg. Previously he was Head of Global Markets, Head of Trading and Head of Global Markets Sales for Standard Chartered Bank Tanzania.

In his banking career, Pius has pioneered the introduction of several new products into the Tanzanian market including FX Options, Structured Deposits and Interest Rate Derivatives.

He holds a Bachelor of Science in Engineering Degree from the University of Dar es Salaam and is a member of the ACI Tanzania Association.

Pius will report to Mizinga in her new role as Chief Executive of Barclays Africa Regional Management, as will the country Managing Directors of all BAGL’s businesses outside South Africa.

NBC is one of the most represented retail bank in the country with over 46 years’ experience in providing financial services. Apart from offering traditional banking services, NBC also prides itself with an expanded branch network of 52 branches and over 280 Visa enabled ATMs.

Originally published on DailyNews

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