BancABC Botswana has appointed Kgotso Bannalotlhe as its Managing Director effective Monday this week. He joins a growing list of locals who are at the helm of commercial banks in Botswana. Bannalotlhe is Barclays Bank of Botswana’s former Head of Corporate Investment Banking.
The University of Melbourne, Australia, graduate has also held several positions with the listed bank such as that of Country Treasurer and Head of Markets. He has over 14 years of banking experience, having worked for Standard Chartered Bank Botswana and First National Bank Botswana (FNBB), all top listed banks in Botswana.
The board of BancABC has welcomed Bannalotlhe to the bank which is part of African Banking Corporation (ABC), an Africa-focused bank which delisted in the Botswana Stock Exchange some few years ago. ABC is owned by London-based investment boutique owned by former Barclays plc CEO, Bob Diamond and Ashish Thakkar.