A statement published by Malawi Stock Exchange (MSE) has announced the former Reserve Bank of Malawi (RBM) director of bank supervision Noel Mkulichi, as the new Managing Director for FDH Bank.

Mkulichi has been operating as chairperson of FDH Financial Holdings Limited for the past three years, adding over 26 years’ professional experience in financial regulation, financial planning and analysis, strategic planning, treasury management and risk management. He holds a Master of Banking and Finance Degree from the University of Wales, Bangor. He is also a graduate of the University of Malawi, where he obtained a Bachelor’s Degree in Social Science.

The development follows the retirement of Elias Ngalande from the position in June last year.

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