A statement released by the bank said Mchechu brings to the bank invaluable experience, knowledge and unique skills set with core competencies in leadership development, education, finance, banking, planning and general management.
Mchechu is currently the Executive Chairman of Amboni Group of companies, a holding that has investment interests in various economic sectors such as real estates, agriculture, education and tourism.
Prior to that, Mchechu served as the Director General of the National Housing Corporation (NHC) from March 2010 to June 2018.
He boasts a banking experience of over a decade, having worked with three international banks that include Standard Chartered Bank Tanzania and in his last role he was a Head of Global Markets and Co-Head Wholesale Banking, Citibank and Barclays Bank Tanzania Limited.
He also worked as Managing Director CBA Bank in Tanzania being the youngest CEO within the Banking sector in East Africa then and played a significant part in transformation and restructuring the bank into a profit making entity one year.
Mchechu previously served as Chairman of Serengeti Breweries and a local Bank in Tanzania.
He is a board member of East African Breweries (EABL), TANZANIA Mortgage and Refinancing Company (TMRC) and Tanzania Investment Centre (TIC) among other corporate institutions.
“The Board of Directors looks forward to Mchechu’s stewardship in taking the bank to the next level in accordance with its strategic intents to maintain its competitiveness as it continues to excel in its services and product offerings in accordance with the Government policy of achieving economic development and financial inclusion in the country,” a statement said.