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Atlas Mara appoints former Standard Chartered Bank executive to head Zambia acquisition

Published 06/07/2016, 12:03
Updated 06/07/2016, 12:10
© Reuters.  Atlas Mara appoints former Standard Chartered Bank executive to head Zambia acquisition

LUSAKA (Reuters) - Atlas Mara (L:ATMA) has appointed former Standard Chartered (LON:STAN) Bank Africa chief risk officer Benjamin Dabrah as managing director of its latest acquisition Finance Bank Zambia (FBZ).

The London-listed financial services provider said in a statement that FBZ and BancABC Zambia, which it also owns, would eventually be merged into one commercial entity, without giving a timeframe.

Before joining Standard Chartered Bank, Dabrah was managing director of Barclays (LON:BARC) Bank Ghana.

Atlas acquired FBZ for about $61 million in cash and 3.3 million of Atlas Mara shares.

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