- April 28, 2025
- Posted by: admin
- Category: Press Releases
The NICO Group is pleased to announce the appointment of Dr. Kwanele Ngwenya as the Group Chief Operating Officer of NICO Holdings Plc, effective 1st April 2025.
Dr. Ngwenya brings with him over 27 years of strategic executive leadership experience in the financial services industry, along with a well-established track record of driving transformation and operational excellence. Dr. Ngwenya was instrumental in the successful turnaround of NBS Bank, where he led efforts that significantly improved profitability, strengthened the balance sheet, and optimised capital management. His extensive expertise and visionary leadership will be key assets as the NICO Group continues to navigate an increasingly dynamic and competitive financial landscape.
In his new role, Dr. Ngwenya will report directly to the Group Managing Director. Besides overseeing operations of subsidiary companies, Dr. Ngwenya will be responsible for other strategic functions (Strategy, Business Development & Innovation, and Group Marketing and Customer Experience).
Dr. Ngwenya brings international experience to the Group, having previously worked in South Africa, Botswana and Zimbabwe, giving him deep insights into diverse economic environments.
He holds a Doctor of Philosophy in Strategy Implementation from the Da Vinci Institute, a Master of Business Administration from Oxford Brookes University (UK), a Master of Science in Strategic Management from the University of Derby (UK), and an MBA in Banking and Finance from Bangor University in Wales. He is a Chartered Banker with the Institute of Bankers in Scotland and has further enriched his professional knowledge with executive programs at Wits and GIBS Business Schools.
The NICO Group welcomes in Dr. Ngwenya to his new role and expresses its confidence in his ability to further NICO Holdings Plc mission of delivering value to all stakeholders through innovation, growth, and operational excellence.
Vizeenge Kumwenda
Group Managing Director