Bard Santner appoints international board for diaspora banking
The microfinance bank has appointed a 13-member board with former executives from major financial institutions to oversee its strategy.
Microfinance bank Bard Santner has launched a new 13-member board, including former executives from HSBC, KPMG, and PwC. The institution is specifically targeting Zimbabwe's diaspora remittances with its new banking strategy.
The board's primary objective is to provide strong corporate governance oversight and safeguard depositors' funds. This initiative comes in response to significant losses, totaling hundreds of millions of dollars, previously experienced by individuals due to mismanagement and economic instability.
Bard Santner aims to leverage the expertise of its international board members to navigate the complexities of the Zimbabwean market and rebuild confidence among investors and account holders.
Why it mattersDiaspora members are affected by the new board's focus on securing their remittances and providing corporate governance oversight to prevent past financial losses.