ZB Financial Holdings appoints Luxon Zembe as new chair

ZB Financial Holdings Limited has announced the appointment of Luxon Zembe as its new chairman, effective from August 1, 2023.

Zembe is a prominent and reputable business leader and economic analyst with over 30 years of corporate governance oversight, foresight, and insight experience across all sectors of the economy, including private, public, and NGO sectors.

He formerly held positions as the chairman of CBZ Holdings Limited, the Head of Human Capital Development and Change Management for the whole African area at Standard Chartered Bank, and a board member of the Reserve Bank of Zimbabwe.

The Standard Chartered Bank International Team of Global Change Agents and Leadership Development included Luxon as a vital member.

He is the founding Executive Chairman and co-owner of the Management Solutions Group of Companies, which has interests in commercial farming, hotel and tourism, offshore investment advisory services, and business and management consulting.

Market observers say the appointment of Zembe as the new chairman of ZB Financial Holdings Limited is a significant move for Zimbabwe’s finance sector.

It is expected that his wealth of experience spanning over three decades across various economic sectors will usher in a new era of leadership for the company.

ZBFH closed its last trading day at $688.00 per share on the Zimbabwe Stock Exchange (ZSE), recording an 11,4 percent gain over its previous closing price of $617.60.

The counter began the year with a share price of $112.95 and has since gained 509 percent on that price valuation, ranking it 27th on the ZSE in terms of year-to-date performance.

It is the 35th most traded stock on the ZSE over the past three months.

ZBFH has traded a total volume of 21,600 shares valued at $13,3 million over the period, with an average of 343 traded shares per session.-ebusinessweekly