Mr. Farai Masendu works for the Reserve Bank of Zimbabwe as Director of Exchange Control. He has gained experience in the trade and investment issues and is a trained fellow in the area of Monitoring and Analysis of Private Capital. He holds a Masters in Finance and Investment from the National University of Science and Technology (NUST), as well as a Masters in Economics and a Bachelors in Economics from the University of Zimbabwe. He is also an Associate Member of the Institute of Bankers of Zimbabwe (IOBZ).
Farai Masendu – Board Chairman
Philip Tapera Madamombe - Non-Executive Director
BBS Hons (UZ); EXECUTIVE MBA (NUST); Associate IOBZ
Philip Madamombe is the current Acting Director in Bank Supervision Division at the Reserve Bank of Zimbabwe (RBZ). He has worked for the Reserve Bank of Zimbabwe (RBZ) for 31 years in various capacities principally responsible for monitoring and assessing the safety and soundness of banking institutions; fostering and maintaining financial stability; planning, coordinating and monitoring of supervisory activities; developing proactive prudential supervisory frameworks; prompt detection of potential and actual problems; enforcing compliance with relevant laws and regulations.
During his professional career, Philip also dealt with issues including licensing and supervision of banking institutions, problem bank resolution & market stabilisation, regulation & supervision of Non-bank financial institutions, risk management and Corporate Governance. He is part of a Core Team spearheading implementation of the National Financial Inclusion Strategy and Sustainability initiatives. Philip brings his wealth of knowledge and experience to Aurex (Pvt) Ltd.