In order to meet the revised strategic plan and fill the vacant senior positions, Dashen Bank has given multiple appointments for its staffs. Moreover, new chief positions have been presented in the new structure.
The bank that recently announced its marvelous performance in the 2020/21 financial year now disclosed that it filled four out of five vacant senior management positions.
Dashen disclosed that following the introduction of the bank’s revised strategic plan and revamped organizational restructuring as well as departure of two senior officials to newly formed banks, it has appointed senior officials on various positions.
“With a long history of nurturing talent with its trademark ‘growing own tree’ principle, Dashen filled four senior vacant positions by experienced young bankers from within the bank,” it said on the statement sent to Capital.
It has also added a senior digital banking officer from the state owned financial giant Commercial Bank of Ethiopia.
As per its expectation to get a green light for the senior positions from the regulatory body, National Bank of Ethiopia, the bank tabled its request which has got approval.
As per the new appointment, Ayele Teshome will now lead as the Chief Banking Business Officer. This position was run by Henok Kebede, who recently went to Amhara Bank as CEO to lead the new bank that was established with a record number of huge shareholders. Ayele brings a wealth of experience spanning three decades in the banking industry and served Dashen as Director for Banking Operation and Central Processing.
According to the statement of Dashen, Eyerusalem Wagaw former Deputy Chief Officer for Human Resources has been assigned as Chief People Officer, which is a new position that popped up after revising the strategic plan. Eyerusalem started her banking career with Dashen Bank about 18 years ago which draws an in-depth inside understanding of the bank.
The former Deputy Chief of Interest Free Banking (IFB), which is one of the successful operations of Dashen, Mesfin Bezu has also been promoted to Chief of IFB position on the latest senior management assignment. Mesfin brings 21 years banking experience with Dashen to the table drawn from leading the IFB from inception which has been able to fetch huge success on this new segment banking business for Ethiopia.
The other new chief position, Strategy and Innovation Officer, saw the bank appointing Mulugeta Alebachew, who served Dashen for the past 18 years in various capacities and before the latest appointment had served as Director for Strategy and Innovation Department.
The bank, which is a pioneer in introducing new technology and different digital banking services in the country, has enabled to get Yohannes Million for the new position established under the new strategic plan. Yohannes, who has over 20 years of experience at Commercial Bank of Ethiopia up to vice president position for digital banking, is now assigned as Chief Digital Banking Officer at Dashen.
A week ago on his annual report address, Neway Beyene, Chairperson of Board of Directors, said that the bank reviewed its fifth strategic plan in light of the momentous changes unfolding in the operating environment, “the participatory review process has led to re-articulation of the strategy plan along nine levers for value creations.”
The re-articulated strategy seeks to keep the bank on course for greater competitiveness, sustained growth, and profitability.
Besides Henok, Yared Mesfin, former Chief Corporate Banking Officer of Dashen Bank has left to the newly formed Tsehay Bank as CEO.
Dashen is one of the top profitable private banks that secured 2.4 billion birr gross profit in the past financial year. On the general assembly held last week the bank has approved to boost it’s paid up capital to 12 billion birr in two years time from the current 5.4 billion birr.