Dar es Salaam, Tanzania, May 2024 – BANK OF AFRICA TANZANIA LIMITED is proud to announce the appointment of Esther Cecil Maruma as its new Chief Executive Officer. With over 17 years of profound experience in the financial services sector, Maruma is set to steer the bank towards greater heights in innovation, customer service, and inclusive financial growth.
In her new role, Esther Cecil Maruma will oversee all strategic and operational aspects of the bank. She aims to enhance the bank’s performance by capitalizing on growth opportunities and fostering a culture of excellence and inclusion.
Prior to her appointment at BANK OF AFRICA, Maruma served as the Director of Global Markets, Corporate & Investment Banking at Absa Bank Tanzania from February 2020 to May 2024, where she demonstrated a keen aptitude for leading complex financial operations and enhancing client relationships. Her role involved a significant focus on digital strategy and cross-functional team leadership, contributing to substantial business growth during her tenure.
Before joining Absa Bank, she held a pivotal role at Barclays Bank Tanzania Ltd. as Director of Global Markets, Corporate & Investment Banking from May 2018 to February 2020. Here, she led critical market and corporate banking initiatives that substantially strengthened the bank’s market presence.
Her early career highlights include impactful leadership roles at Barclays Bank Tanzania Ltd., where she was deeply involved in treasury and market-making strategies that supported the bank’s financial stability and client-focused objectives.
About BANK OF AFRICA TANZANIA LIMITED: BANK OF AFRICA TANZANIA LIMITED is part of the prestigious GROUP BMCE and has been a significant player in Tanzania’s banking sector since its establishment in June 2007. Known for its robust growth and strong pan-African presence, the bank continues to provide comprehensive financial services that promote economic development and prosperity across Tanzania and beyond. Today, BANK OF AFRICA TANZANIA LIMITED operates a wide network of branches, delivering tailor-made financial solutions to its diverse clientele.
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