Dr John Mangudya has been appointed as the new Chief Executive Officer of the newly established Mutapa Investment Fund with immediate effect.
His new appointment means he will leave his position as Governor of the Reserve Bank of Zimbabwe, a position he held for the past 10 years.
He will be succeeded by Dr John Mushayavanhu, who has been appointed as the new Governor of the Central Bank. In a statement, the Chief Secretary to the President and Cabinet, Dr Martin Rushwaya said Dr Mangudya’s experience will provide invaluable leadership to the Investment Fund.
“Dr. Mangudya’s proven leadership and expertise are invaluable assets to the Mutapa Investment Fund. His appointment demonstrates the government’s commitment to good corporate governance and ensuring the continued success of this critical institution, “ said Dr Rushwaya.
His successor, Dr. Mushayavanhu, is a seasoned banker with over 30 years of experience. He boasts of a distinguished career, holding senior positions at Standard Chartered Bank and FBC Bank. His academic credentials include Masters and PhD degrees in Business Administration according to Dr Rushwaya.
“Dr. Mushayavanhu’s extensive financial expertise and unwavering dedication make him the ideal candidate to lead the RBZ. We are confident that he will continue to build upon the strong foundation laid by Dr. Mangudya and navigate the bank through future challenges,” he said.