Breaking: CBZ Holdings Appoints Dr Mudavanhu As CEO
CBZ Holdings has appointed, Dr Mudavanhu as its chief executive, replacing Never Nyemudzo who “resigned” last year. Nyemudzo, “retired” last year to pursue personal interests after leading the institution for only three years, was replaced by CBZ Bank managing director Peter Zimunya on an acting capacity.
Blessing Mudavanhu is a Zimbabwean mathematician, corporate executive, academic, businessman and entrepreneur, who is the founder and president of Dura Capital Limited, a company that he founded in 2006, at the age of 35 years. From January 2015 until his resignation in August 2016, he served as the Acting Group CEO of BancABC, a financial services conglomerate, with subsidiaries in six African countries.
He was born in Zimbabwe in 1971 and attended Zimbabwean schools for his pre-university education. He studied at the University of Zimbabwe, graduating with a Bachelor of Science in mathematics. He later obtained a Master of Financial Engineering, from the University of California Berkeley. In 2002, he was awarded a Doctor of Philosophy in mathematics, from the University of Washington, which he attended on a Fulbright scholarship.
Blessing has worked for American International Group (AIG), as a Senior Risk Analytics Associate, based in New York City. When he left AIG, he joined Bank of America Merrill Lynch as director of Global Risk Management responsible for New York City, London, Mexico City and Sao Paulo.
In 2009 Dr Mudavanhu joined as BancABC Group, as “Group Chief Risk Officer”, based in Johannesburg. In January 2015, Dr. Mudavanhu was appointed Group CEO. He resigned that position in August 2016, and resigned from BancABC Group, in January 2017.