Access Bank Zambia, a local unit of one of Nigeria’s top tier banks has announced the appointment of Lishala Situmbeko as the Country Managing Director – MD from November 2021. Situmbeko has over 25 years of experience as a renowned business leader in the private financial and public sectors.
According to information made available to the Zambian Business Times – ZBT, Situmbeko served Zanaco Bank Plc for over 10 years in various roles, with the most recent being Chief Commercial Officer and acting Managing Director before joining Access Bank Zambia.
At Zanaco, Situmbeko held an expanded role that spearheaded the bank’s key business in retail banking, treasury, corporate and investment banking, business banking, transactional banking and other support functions.
Situmbeko was seen to have been passed over for the Managing Director role at Zanaco following the departure of Henk Mulder in preference for an outside hire and the current Zanaco Managing Director Mukwandi Chibesakunda.
Before joining Zanaco, he held senior treasury roles at Barclays Bank now ABSA Bank Zambia, was a senior economist at the Ministry of Finance and an economic and financial markets specialist at Bank of Zambia – BoZ.
Situmbeko has a Bachelor’s Degree in Economics from the University of Zambia, a masters degree from the University of Nairobi and has completed the program for executive development from IMD Business School in Lausanne, Switzerland.
In addition, Situmbeko is a Hubert H. Humphrey Fellow in Banking and Finance from Boston University. He also has numerous accreditations and certifications in business and development including being an executive coach, speaker, mentor and trainer under the John Maxwell Team.
A statement from Access Bank made available to ZBT further stated that “with this wealth of knowledge and experience in the industry both professionally and personally, Situmbeko will be an incredible asset to Access Bank Zambia as we continue on our growth plan in Zambia and beyond to be the World’s most respected African Bank,” the board of directors said.
