Debub Global Bank S.C. has appointed Tesfaye Boru as its first vice president. His appointment will be effective once the National Bank of Ethiopia approves it within the coming 2 weeks.

The new vice presidential positions were introduced after the bank adopted new corporate structure following a study conducted a year ago. The bank has now come up with new position of vice president of operations with the bank planning to assign vice president positions for other corporate services.

Tesfaye is currently working as Director for the Department of Knowledge and Innovation at Zemen Bank. He has more than a decade of experience in the banking industry under his belt. He worked at Zemen for the past 8 years. He has also worked for the central bank, Bank of Abyssina and United Bank.

The newly appointed vice president is 35 years old and he is a PhD candidate at the University of South Africa. He also holds a Masters in Business Administration.

“I aim to improve the Bank’s customer service standards, and bring in new products,” said Tesfaye. “I also want to improve the use of technology throughout the Bank.”

According to Fortune, Debub’s paid up capital stands at 262 million Birr. This is short of 238 million Birr from the minimum requirement National Bank of Ethiopia set for private banks. It is the only bank that has not met this requirement.

Source: Fortune