EBank CEO Mukete resigns

03 Nov 2016 19:50pm
WINDHOEK, 03 NOV (NAMPA) – EBank Chief Executive Officer (CEO) Michael Mukete has resigned.
The announcement of his resignation comes a few days after it was announced that First National Bank (FNB) has concluded negotiations to acquire 100 per cent shareholding in EBank Limited and financial services group Pointbreak Group Namibia.
Mukete’s resignation will be effective 28 February 2017.
EBank announced his resignation in a statement issued on Thursday, which also said he will remain on the board of the bank.
Contacted for comment, the bank’s spokesperson Jerry Elago said he could not elaborate on why Mukete’s plans for the future.
“Mr Mukete feels the media release sufficiently speaks to your questions,” he said.
Mukete was quoted in the statement as saying he had the privilege of leading an exceptionally talented and dedicated team.
“As a transformation entrant into the Namibian banking sector, EBank has managed to continuously evolve within a changing banking environment while retaining its twin goals of financial inclusion and innovation in banking. I value the experience I have gained as CEO of a new bank, which I leave with great relationships and memories,” he said.
EBank Board Chairperson, Monica Geingos thanked Mukete for his leadership which saw EBank transform itself from a start-up to a well-established brand.
The bank has registered over 50 000 clients with over 20 outlets countrywide
“We are confident that Mukete will apply his financial and economic understanding, with his unique operational and strategic experience, for the continued benefit of the country.,” she said.
Mukete joined EBank on 10 April 2014. He worked for the Bank of Namibia as Assistant Governor for three years and served as its Head of Financial System Stability for 13 years.
He holds a Bachelor of Economics degree from University of Namibia (UNAM) and Masters of Science in Investment Management from City University of Business School in London.