FBC Holdings Limited has announced a major leadership transition, positioning the financial services group for its next phase of growth anchored on institutional continuity, governance strengthening and long-term sustainability.

In a press statement released on March 31, 2026, the group said the changes form part of a carefully structured succession plan designed to reinforce strategic stability while ushering in new leadership.

The transition follows the retirement of long-serving Managing Director of FBC Bank, Webster Rusere, who will step down from his executive role effective May 31, 2026, after more than two decades of service within the group.

FBC said Rusere played a pivotal role in shaping the institution’s governance framework and operational transformation.

“He currently serves on multiple group boards including FBC Bank, FBC Crown Bank, FBC Securities and Microplan Financial Services, and will step down from these positions effective May 2026,” the statement read.

The group added that Rusere’s leadership contributed significantly to the repositioning of the bank and strengthening of institutional resilience.

“The Board extends its sincere appreciation for his remarkable service and enduring legacy and wishes him a fulfilling and well-deserved retirement,” FBC said.

Mubaiwa Mubayiwa Appointed FBC Bank Managing Director

Taking over leadership at FBC Bank is Mubaiwa Mubayiwa, whose appointment as Managing Director becomes effective June 1, 2026.

According to the group, Mubayiwa brings more than 20 years of banking experience and a strong track record across African markets.

“His appointment positions FBC Bank to accelerate growth, deepen client relationships, uphold and strengthen governance, risk management, innovation, and collaborate effectively with the team to enhance market leadership,” the company said.

Mubayiwa previously served as Chief Executive Officer of Standard Chartered Bank Zimbabwe, where he led the institution through a period of restructuring and strategic repositioning.

The leadership reshuffle also extends to FBC Crown Bank, where Agnes Kanhukamwe has been appointed Managing Director effective June 1, 2026.

FBC described Kanhukamwe as a seasoned finance executive with over 25 years’ experience spanning financial knowledge, governance and operational leadership.

“She played a central role in the successful integration of FBC Crown Bank following its acquisition from Standard Chartered Plc, contributing significantly to financial stability and capital optimisation,” the statement noted.

Her appointment, the group said, reflects FBC’s commitment to internal talent development and leadership excellence.

Commenting on the appointments, Group Chief Executive Trynos Kufazvinei said the leadership changes highlight the organisation’s long-term succession planning and investment in human capital.

“These leadership appointments demonstrate our focus on human capital, succession, internal skills and strategic implementation. We are confident that Mubaiwa and Agnes will build on strong foundations set by Webster and continue driving sustainable growth, innovation and value creation for our stakeholders,” he said.

FBC said the transition aligns with its broader strategy of delivering simplified financial solutions supported by technology-driven innovation.

“With a strengthened leadership team and a clear succession pathway, the Group is well positioned to deliver a seamless transition and sustain its growth trajectory while continuing to create long-term value for stakeholders,” the statement added.

The leadership changes come as FBC Holdings seeks to consolidate its position in Zimbabwe’s financial services sector while expanding sustainable banking solutions across its operations.