HARARE- Money transfer agency, Access Finance Group co-founder and chief executive officer, Raymond Chigogwana is set to retire from the firm effective 1 October.
Access Finance Group is the holding company for Access Finance, Access Forex and Quick Access.
Chigogwana was appointed as the inaugural Group CEO of Access Finance in 2014.
In a statement on Tuesday, the group said Salim Eceolaza will take over as CEO from 1 October.
Chigogwana is credited for ‘tremendous growth’ which saw the firm becoming a formidable player in the remittances and financial services sector.
“Raymond’s vision, drive, and performance focus, combined with his commitment to serving the best long-term interests of the company, have materially strengthened Access Finance Group,” it said.
The incoming CEO, Eceolaza served as the inaugural Group Finance Director for Simbisa Brands Limited, steering its unbundling from Innscor Africa Limited and subsequently overseeing its listing on the Zimbabwe Stock Exchange.
Eceolaza was thereafter appointed as the Managing Director of the Simbisa Group’s Kenyan arm where he significantly grew business performance and operations.
He co-founded IH Group, a prominent capital markets advisory and corporate finance business with a distinct focus on the Zimbabwean market.
“Salim joins the business as a representative shareholder and with his added backing , has a mandate to solidify the group’s positioning on the global stage, grow our financial inclusion competiteveness, and strengthen our relationship with local and international partners.
“The Board of Directors and Management wish Raymond all the best in his well-deserved retirement and thank him for his contribution. Likewise, we congratulate Salim on his appointment and wish him all the best in his new role,” said the group.
