Page 82 - Porto de Nacala/Port of Nacala

Standard Bank:A CENTURY OF MOVING MOZAMBIQUE FORWARDAFTER 121 YEARS OF MOVING THE ECONOMY FORWARD through financing of key strategic development projects, Standard Bank shows no signs of letting up.According to Chuma Nwokocha, the new Chief Executive of Standard Bank in Mozambique since February 2015, “over the past 121 years Standard Bank has supported the key projects with strong impact on the Mozambican economy, either through financing or advice and the commitment is to continue prudently and responsibly, to fund Mozambican companies and, in general, the econ- omy, and make available to them individual solutions tailored to their needs.”Adimohanma Chukwuma Nwokocha, better known as Chuma Nwokocha, has been in the bank since 2005 having held various executive roles in the bank – Chief Financial Officer, Chief Operating Officer coordinating the activ- ities of four Departments of the bank (Operations, Marketing, Finance and IT) and latterly as Head of Personal & Business Banking.He has since set out his vision for the Standard Bank for the coming years and want to continue to strengthen the already solid reputation of the institution as the preferred bank of choice for customers, setting the benchmark for cus- tomer service, as well as ethics and professionalism in conducting business and developing people.“To this end, the bank will continue to finance the economy and to be rele- vant to each Mozambican through the implementation of social projects in the communities where we operate,” asserts the new Chief Executive.During this first term of Chuma leading Standard Bank, one of the major achievements of the bank was the award for the second consecutive year as Best Investment Bank in Mozambique by the prestigious financial publication EMEA Finance Magazine, in October of 2015.The bank was strongly positioned for the award through its work in the proj- ect of Liquefied Natural Gas (LNG) to be implemented in Palma, Cabo Del- gado, which will have a tremendous economic impact on the country.Having completed a reference macroeconomic study of the future impact of the Oil & Gas industry on Mozambique on behalf of and jointly with Anadarko Petroleum, Standard Bank Mozambique, has contributed immensely to understanding by all key stakeholders of the projects and aided debate and decision making. The bank does feel well positioned to continue to play a leading role in this sector poised to transform the Mozam- bican economy to a world class one.According to the forward looking Chief Executive of Standard Bank Mozam- bique, Chuma Nwokocha, these distinctions demonstrate how the Bank is contributing to the development of Africa, and Mozambique in particular, through their involvement in several large-scale economic projects.Long involved in the financing of various infrastructure projects amongst them ports, rails, airports, Chuma is clear on the role the bank has to play in the continuing development of the economy of Mozambique. "We will con- tinue to work together in order to help the Mozambican economy to move forward " he said.Chuma NwokochaPosition: Chief Executive, Standard BankAge: 46Education: Chartered Accountant with a first degree in Agricultural Economics and holds an MBA from Henley. He also is a Tutu Fellow of the African Leadership Institute in coordination with Saïd Business School, Oxford.Career: His experience in the financial services sector stretches over many years, from consulting to actual industry practice.Family: He is happily married with children.