CBZ Appoints Mudavanhu As New CEO

CBZ Holdings has appointed Dr Blessing Mudavanhu as its Chief Executive Officer, with effect from 1 June, 2018. Dr Mudavanhu replaces Mr Never Nyemudzo who retired from the position in October 2017.

Dr Mudavanhu, has over 15 years experience in the regional and international financial services markets. He is the founder and president of Dura Capital Limited, a company that he founded in 2006. From January 2015 until his resignation in August 2016, he served as the Acting Group CEO of BancABC, a financial services conglomerate, with subsidiaries in six African countries.

Mr Peter Zimunya, who is the managing director of CBZ Bank, has been the acting CEO since Mr Nyemudzo’s departure.

Mudavanhu has worked for American International Group (AIG), as a Senior Risk Analytics Associate, based in New York City. When he left AIG, he joined Bank of America Merrill Lynch as director of Global Risk Management responsible for New York City, London, Mexico City and Sao Paulo.

In 2009 Dr Mudavanhu joined as BancABC Group, as “Group Chief Risk Officer”, based in Johannesburg. In January 2015, Dr. Mudavanhu was appointed Group CEO. He resigned that position in August 2016, and resigned from BancABC Group, in January 2017.

He was born in Zimbabwe in 1971 and attended Zimbabwean schools for his pre-university education. He studied at the University of Zimbabwe, graduating with a Bachelor of Science in mathematics. He later obtained a Master of Financial Engineering, from the University of California Berkeley. In 2002, he was awarded a Doctor of Philosophy in mathematics, from the University of Washington, which he attended on a Fulbright scholarship.

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