Atlas Mara appoints former Standard Chartered Bank executive to head Zambia acquisition

by Reuters 19 views0

Atlas Mara appoints former Standard Chartered Bank executive to head Zambia acquisition

Atlas Mara has appointed former Standard Chartered Bank Africa chief risk officer Benjamin Dabrah as managing director of its latest acquisition Finance Bank Zambia (FBZ).

The London-listed financial services provider said in a statement that FBZ and BancABC Zambia, which it also owns, would eventually be merged into one commercial entity, without giving a timeframe.

Before joining Standard Chartered Bank, Dabrah was managing director of Barclays Bank Ghana.

Atlas acquired FBZ for about $61 million in cash and 3.3 million of Atlas Mara shares.

 

(Reporting by Chris Mfula; Editing by James Macharia)