American banker takes over CBZ Holdings Chairmanship

American banker takes over CBZ Holdings Chairmanship
Published: 23 August 2019 (164 Views)
An American banker, Marc Holtzman has been appointed as CBZ Holdings new board chairman.

Mr Holtzman has three decades of political and public service in the United States and is former chairman of Meridian Capital HK, a private equity firm with investments in natural resources, real estate, food, agriculture and transportation and Vice Chairman of Barclays among other private sector positions.

Between 1999-2003, he was Secretary of Technology and member of the cabinet in the State of Colorado.

At the same time, he was the Chairman of the Information Management Commission and Chairman of the Governor's Commission on Science and Technology.

Currently, Holtzman is the Chairman of Board of Directors – JSC Kazkommertsbank in Kazakhstan; member of the Board of Directors – TeleTech Holdings; Chairman of Board of Directors – Bank of Kigali.

Market watchers believe the latest appointment is a way of protecting American investors who are believed to be behind Akribos Capital which poured millions of dollars into CBZ and in the process becoming the major shareholder of the institution.

Akribos Capital has 24 percent shareholding in CBZ Holdings.

Sources believe Marc Holtzman's appointment as CBZ board chairman signals thawing of relations between Zimbabwe and the United States of America.

- zbc

Tags: American, CBZ, Chair,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

PHOTOS: Job Sikhala becomes an instant internet joke

by Social media | 03 October 2019 | 154 Views

America says it is worried about Zimbabwe

by Mandla Ndlovu | 03 October 2019 | 177 Views

Madinda Ndlovu to be discharged tomorrow

by Staff reporter | 03 October 2019 | 126 Views

What are behavioral disorders and how can they be managed?

by Temba Munsaka | 03 October 2019 | 129 Views

Government speaks on Robert Mugabe's body parts

by Mandla Ndlovu | 03 October 2019 | 211 Views

Zacc recovers $100m property from looters

by Staff reporter | 03 October 2019 | 127 Views

WATCH: Mnangagwa apologises for destroying Zimbabwe satire

by Mandla Ndlovu | 03 October 2019 | 119 Views

Mphoko's application for release of passport dismissed

by Staff reporter | 03 October 2019 | 95 Views

Zanu-PF restructuring exercise begins

by Staff reporter | 03 October 2019 | 96 Views

Petrotrade declares $1.5 million dividend

by Staff reporter | 03 October 2019 | 86 Views

MSU, Zupco seal bus deal

by Staff reporter | 03 October 2019 | 126 Views

Mnangagwa to open ZMF conference

by Staff reporter | 03 October 2019 | 107 Views

High Court sets EcoCash hearing date

by Staff reporter | 03 October 2019 | 105 Views

Mphoko barred from leaving Zimbabwe

by ZimLive | 03 October 2019 | 107 Views

CIO agents monitor Jonathan Moyo in Kenya

by Mandla Ndlovu | 03 October 2019 | 313 Views

Acie Lumumba targets criminals around Mnangagwa

by Mandla Ndlovu | 03 October 2019 | 272 Views

$100 limit for cash-out transactions

by Staff reporter | 03 October 2019 | 207 Views

ANC starts anti-sanctions campaign

by Staff reporter | 03 October 2019 | 140 Views

ZESN calls for political parties regulation

by Staff reporter | 03 October 2019 | 123 Views

We've no forced labour evidence on Zimbabwe diamonds, says US Embassy

by Staff reporter | 03 October 2019 | 135 Views

Ex-ZPC board chairman freed on bail

by Staff reporter | 03 October 2019 | 125 Views

Cyber Bill seeks to safeguard citizens

by Staff reporter | 03 October 2019 | 104 Views

Cassava launches Vaya tractor services

by Staff reporter | 03 October 2019 | 137 Views

MDC Alliance boycott slammed

by Staff reporter | 03 October 2019 | 85 Views

10-man Bulawayo Chiefs stun Harare City

by Staff reporter | 03 October 2019 | 109 Views

Zimbabwe has a reputational problem, says US

by newzimbabwe | 03 October 2019 | 118 Views

MDC Alliance walk of shame

by Nduduzo Tshuma | 03 October 2019 | 137 Views

MDC councillors want suspension of Cowdray Park projects

by Staff reporter | 03 October 2019 | 107 Views

RBZ floats $300m additional TBs

by Staff reporter | 03 October 2019 | 100 Views

Teenagers rob soldier

by Staff reporter | 03 October 2019 | 116 Views

Duo rape corpse, get death sentence

by Staff reporter | 03 October 2019 | 122 Views

Mnangagwa to fly out for the zenith times

by Staff reporter | 03 October 2019 | 100 Views

Chamisa's MPs approach court to reverse 5 months allowance garnish

by newzimbabwe | 03 October 2019 | 69 Views

Zimra official forges Customs papers

by Staff reporter | 03 October 2019 | 53 Views

Zifa courts two nations for Warriors' friendlies

by Staff reporter | 03 October 2019 | 40 Views