Deposit Protection Corporation Zimbabwe | Protecting Your Deposits.

DEPOSIT PROTECTION CORPORATION

Protecting Your Deposits

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Executive Directors

Vusilizwe Vuma | Deposit Protection Corporation Zimbabwe Legal Counsel and Corporate Secretary

Mr. Vusi Vuma

Chief Executive Officer

 

Vusi is a highly qualified executive, with more than 26 years of legal commercial experience, 15 years of which have been in the financial services sector. He has comprehensive knowledge of deposit insurance and broad knowledge of the financial services’ regulatory environment. Vusi is one of the three Directors that pioneered Deposit Protection Corporation in 2003.

 

Before joining DPC in 2003, he was the Director Corporate Services of Zimbabwe Posts (Pvt) Ltd. Vusi is a founding Board Member of Southern Africa Postal Operators Association (SAPOA), an institution under the SADC auspices. A former Sub-Regional Co-ordinator of the Pan African Postal Union Mail Circulation Taskforce and Co-chair of the Technical Co-operation Project Team 1, Postal Operation Council- Universal Postal Union. Current Chairman of the DPC Pension Fund Trustees. Chairman of the ZIFA Electoral Committee and former Chairman of the Premier Soccer League Disciplinary Committee. He is a former Magistrate and worked as a legal practitioner at Ben Baron and partners in Bulawayo, before joining Bulawayo City Council as Senior legal advisor.  Vusi is a member of the Law Society of Zimbabwe and a member of the Institute of Directors Zimbabwe.

Mike Chingosho | Deposit Protection Corporation Zimbabwe Finance and Administration Director

Mr. Mike M. Chingosho

Finance & Administration Director

 

Mr Mike Chingosho is one of the founding members of the Deposit Protection Corporation. He joined the Corporation in 2003 only two days after it had started operating, joining its Chief Executive Officer, Mr John Chikura. Mr Chingosho is the Corporation’s Finance and Administration Director. He is responsible for co-ordinating the strategic planning process of the organisation, budgeting and budgetary control, financial reporting, Human Resources and ICT. In addition, he co-ordinates the preparation of the Corporation’s annual report. He has three functional managers reporting to him.

 

Before joining the Deposit Protection Corporation, Mr Chingosho was the Chief Finance Officer at Lafarge Cement Zimbabwe. He has also  held senior positions in the Treasury and Finance Departments with The Zimbabwe Development Bank (now Infrastructure Development Bank of Zimbabwe), Zimbabwe Electricity Supply Authority and The Zimbabwe Republic Police (ZRP).

 

Apart from his Chartered Secretary qualification with the Institute of Chartered Secretaries in Zimbabwe (ICSAZ), Mr Chingosho holds a Bachelor of Accountancy Degree from the University of Zimbabwe and a Master of Business Leadership Degree from the University of South Africa (UNISA). He is currently pursuing a doctorate in Business Administration with a reputable international university.

Gift Chirozva | Deposit Protection Corporation Zimbabwe Business Operations Director

Mr. Gift Chirozva

Business Operations Director

 

Mr. Chirozva has over 20 years practical central banking experience having been a Chief Bank Examiner in the Reserve Bank of Zimbabwe’s (RBZ) Bank Licensing, Supervision & Surveillance Division (BLSS). Prior to joining BLSS, Gift briefly worked for the Ministry of Finance’s then Department of Taxes (now ZIMRA) as a Tax Assessor. He subsequently worked for the RBZ’s Exchange Control as an Assessor and later joined the Foreign Banking Department.

 

Gift is also a former Part-time Lecturer on Management of Financial Institutions at the University of Zimbabwe (2002 to 2004). Gift has been engaged by such regional organisations as the Common Market for Eastern and Southern Africa (COMESA), Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI), East Afritac, and the KPMG Risk Management in Finance/Banking (RMIF/B) programme to mentor specialists in advanced fields of prudential supervision including risk-based supervision, risk management, macro-prudential supervision, problem bank resolution, consolidated supervision, microfinance, and more recently financial stability assessments.

 

His interests in applied research and capacity building led to the development and adoption of the COMESA Framework for Financial Stability Assessment and several prudential guidelines for the Reserve Bank of Zimbabwe.

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