President Jakaya Kikwete has appointed Mr Sabasaba Moshingi, new Managing Director of Tanzania Postal Bank (TPB).
A statement issued in Dar es Salaam on Tuesday by TPB Board of Directors Chairperson, Prof Lettice Rutashobya, said the new MD is taking over from Mr Alphonse Kihwele, who has been at the helm of the bank's management for the past 13 years.
Mr Kihwele is leaving the bank after 19 years of distinguished service at the institution. Mr Moshingi is joining TPB from Standard Chartered Bank Group where he was the bank's Regional Head of Consumer Banking, Operational Risk and Sales Governance for the Middle East Region of Northern Gulf, Levant and Oman.
The region, which he was overseeing, is made up of five countries namely Bahrain, Lebanon, Jordan, Qatar and Oman. He was based in the Kingdom of Bahrain, where the regional office is located.
Prior to his relocation to the Middle East, Mr Moshingi was the Head of Technology and Operations of Standard Chartered Bank Tanzania.
He is a Chartered Banker from the Tanzania Institute of Bankers and the Institute of Bankers UK. He holds a Masters degree of Business Administration (MBA-Finance) from the University of Dar es Salaam (UDSM). The 40-year old banker is married and has three children.
"Mr Moshingi, a distinguished career banker locally and internationally, is expected to transform TPB to be one of the strong banks in Tanzania and the Board is glad to have him on board and warmly welcome him and his family back to Tanzania," Prof Rutashobya said in the statement.
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