TIB Development Bank Appoints a New Managing Director
On May 2nd,2016 TIB Development Bank Ltd appointed a new Managing Director Mr Charles Singili.
Mr. Singili took over from Mr Peter Noni who served as Managing Director of the bank from 2009. Mr Noni retired from his position following a successful tenure in which he championed the transformation of the bank into the first development finance institution in the country.
Mr. Singili’s most recent post was as Managing Director of Azania Bank; a position he held for fifteen (15) years. He has vast experience in the banking industry which includes seven (7) years at the Central Bank, a stint at National Bank of Commerce (NBC) and Presidential Parastatal Sector Reform Commission (PSRC).
The Chairman of the Board Professor William Lyakurwa welcomed the new Managing Director and remarked, ‘Mr. Singili is a respected figure in the banking industry and brings a wealth of related experience. He will lead the bank in fulfilling its mandate to assist the Government in achieving its development vision 2025. I also thank Mr. Noni for his tremendous contribution. He spearheaded the transformation of the bank into a strong, profitable, sustainable development finance institution that led to the establishment of the bank’s subsidiary TIB Corporate Bank. He leaves a legacy of a dedicated workforce that is committed to the growth of the national economy.’
Speaking on his appointment, Mr Singili said, ‘I am excited about this opportunity to lead TIB Development Bank at a pivotal time when the bank has a major role to play in the economic development of Tanzania.‘