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Standard Bank: Tomaz Salomão Exiting, Esselina Macome is the New PCA

Standard Bank: Tomaz Salomão Exiting, Esselina Macome is the New PCA

Standard Bank Mozambique appointed this Tuesday, November 22, Esselina Macome to the position of PCA of the bank, replacing Tomaz Salomão, the institution announced in a statement.

“As of December 1 of this year, Dr. Esselina Macome will take office as Chairman of the Board of Directors,” said Standard Bank in the statement sent to the media.

Esselina Macome replaces Tomaz Salomão, who held the position for 18 years, making the bank “relevant and systemic in the Mozambican market”, according to the institution.

Macome’s appointment results from the “most recent good governance practices, which recommend the rotation of non-executive members of organizations. The bank adds that Esselina Macome will be “able to lead the execution of Standard Bank’s growth strategy for the coming years”, maintaining “the highest standards of risk management and compliance”.

“The bank and its majority shareholder, Standard Bank Group, place the utmost confidence in Dr. Esselina Macome to lead Standard Bank,” the statement said.

The new PCA has a PhD in information and communication technologies, is an associate professor at Eduardo Mondlane University and executive director of the Financial Sector Deepening Mozambique (FSDMOç).

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Until her appointment, Esselina Macome held the position of non-executive director of Standard Bank, one of the main banks in Mozambique, as well as being an independent non-executive member of the Board of Directors.

Tomaz Salomão has held several ministerial positions in Mozambique and was executive secretary of the Southern African Development Community (SADC).

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