Temwani Simwaka appointed NBS Bank CEO.

Temwani Simwaka, a senior Malawian banking executive renowned with spearheading the successful migration of NBS Bank's core banking system, one of the most major technology upgrades in recent years, has been appointed CEO of the financial institution.

In October of last year, NBS Bank introduced a new core banking system, Flexcube, as well as Oracle Financial Services' digital channel solutions.

Flexcube replaced the legacy T24 core banking infrastructure from competitor banking technology provider Temenos.

According to the bank, Simwaka played a key role in developing strategic initiatives that improved operational efficiency and digital proficiency.

NBS Bank Limited is a commercial bank in Malawi that offers business and retail banking solutions, as well as treasury management products and services. It was established in 1964.

Simwaka is leaving her post as deputy CEO, which she had held since 2022, to run the financial institution, at the same time becoming the first woman to hold the role at a Malawi Stock Exchange-listed company. She succeeds Dr. Kwanele Ngwenya.

Among the other her successes the bank listed are championing the formation of the bank's FX bureau, a lucrative adventure since the first year, and driving strategic talent development and succession planning for the bank.

“Her appointment marks a new chapter for NBS Bank as it continues to pursue growth, innovation and service excellence” said Marsha Machika, NBS Bank company secretary.

Simwaka is a Certified Public Accountant and a Fellow of the Association of Chartered Certified Accountants, with a Bachelor of Commerce (Accountancy), Degree, and Diploma in Business Studies from the University of Malawi. She has served on a number of boards and national institutions.