Lawrence Mafuru, National Bank of Commerce who was The Head of Treasury has been appointed to be the bank's new Managing Director. Lawrence will succeed Christo de Vries. The effective date is 1 June 2010. Lawrence will also join the Absa Africa Executive Committee and Absa ALCO. As Managing Director, he will also sit on the NBC Board. Lawrence joined NBC in 2007 from Standard Chartered Bank Tanzania where he had a successful tenure of close to 10 years. At Standard Chartered, he spent four years in Global Markets, where he was Head of Sales, Rates and Foreign Exchange Global Markets wholesale Banking. Lawrence is a certified Chartered Banker from the Chartered Institute of Banking (UK) and a Certified Treasury Practitioner ACI Financial Markets. Hongera sana mkuu tupo pamoja, he is the youngest MD NBC has ever had!