Mashavave takes over at Steward Bank

By Staff reporter | 10 Feb 2020 at 21:50hrs
Courage Mashavave
On 30 June 2019, the then Steward Bank CEO Lance Mambondiani left the bank abruptly.

Sources say Mambondiani was fired although this was denied by him and Steward Bank. Since then, the bank has been coasting along without a substantive chief while board member Kris Chirairo was acting in the role.
Today, Steward Bank has confirmed the appointment of Courage Mashavave as the new boss. Yes, this is a name you know: Courage is husband to celebrated gospel singer Fungisayi Zvakavapano Mashavave.

Mashavave is coming from TN Holdings, the former owners of Steward Bank when it was still TN Bank. He is also said to be involved with Strive Masiyiwa's personal business interests.

At 32, Courage Mashavave achieved corporate success after being appointed the chief executive of TN Asset Management Group.

He epitomises an emerging breed of young trail-blazing and goal-oriented executives who have are set to leave an indelible mark in the corporate world.

His success has not come on a silver platter as he had to fight his way to the top from his entry point into the corporate corridor as a clerk. His hard work saw him move into lower-level management and middle-level management and then senior management in a 13-year stint during which he worked for CBZ, Trust Bank, ZABG, Agribank before settling for TN Asset Management.

His appointment to head TN Asset Management came at a time the country was experiencing hyperinflation and economic challenges signalling a make or break appointment for his career.

He did not disappoint as he navigated his team through the stormy waters by introducing a number of products that maintained value for investors.

Mashavave was born on November 23, 1980, in Seke. He is the second born in a family of six - two girls and four boys.

He attended Mutare Junior School and Hartzell High School respectively for his primary and secondary school. After high school, he proceeded to the University of Zimbabwe where he obtained a Bachelor of Science Degree in Banking and Finance. Thereafter, Mashavave joined the Self-Help Development Foundation in 2000 as an accounts clerk.

He spent a year at the organisation before joining CBZ Bank in 2001. He attributes his success to a number of people.

He is married to gospel sensation Fungisai (nee Zvakavapano) and the couple is blessed with three children.



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