Land Bank appoints Jabu Mphambo acting CEO
Agricultural development finance institution the Land and Agricultural Development Bank of South Africa (Land Bank) has appointed Jabu Mphambo as acting CEO, with immediate effect.
This is to ensure leadership stability and continuity during the transition period following the resignation of Themba Rikhotso as CEO on February 9.
Mphambo joined the Land Bank on November 1, 2024, as chief banking officer. In this role, he has led a broad and integrated portfolio comprising client coverage, structured investments, commercial banking, legal, product development, client insights and distribution channels.
He has been instrumental in strengthening operational discipline, enhancing execution capability and advancing the Land Bank’s enterprise-wide growth strategy.
Mphambo is a registered chartered accountant and is a professionals organisation Chartered Financial Analyst Institute charter holder.
He holds a Master of Business Administration from the Gordon Institute of Business Science, as well as a Bachelor of Business Science specialising in Finance and a Postgraduate Diploma in Accounting from the University of Cape Town.
Mphambo has more than 16 years of senior executive experience across banking and financial services, reflecting a strong combination of strategic leadership, operational execution, and rigorous investment management.
He has previously held senior positions at Standard Bank Corporate and Investment Banking, Absa and Nutun, the Land Bank says.
Mphambo's investment experience includes extensive leadership in corporate finance, mergers and acquisitions, and distressed credit investment mandates. He has broad experience in banking, agriculture, mining, payments, building materials, advertising and diversified financial services.
The board expresses its confidence in his leadership and remains committed to ensuring stability, continuity and sustained progress at the Land Bank.
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