NATIONAL BANK OF COMMERCE

PRESS RELEASE

EDWARD MARKS APPOINTED AS NBC MANAGING DIRECTOR

Dar es Salaam, May 7th 2015
NBC Tanzania has announced the appointment of Edward Marks as its new Managing Director.
The appointment is effective immediately.
He brings to NBC 27 years of banking experience, having worked in Barclays in various
business functions, including co-head Structured Finance, head of Barclays Marine Finance and
global head of Corporate Jets and Super Yachts.
Mr. Marks is joining NBC from Barclays Egypt where he served as Managing Director since
2011.
Prior to that, he had served as Corporate Banking Director. He is credited for having led
Barclays Egypt through a difficult operating environment.
Commenting on the appointment, NBC Interim Chairman Dr. Kassim Hussein said: We are
pleased to welcome Ed to NBC and are confident that his breadth of financial services expertise
will help us in executing our growth strategy in the market.
The Board further thanked Mr. Pius Tibazarwa for leading the business in an interim capacity
since October last year.
We are particularly grateful for his understanding given this was the second term he had led the
business on an interim basis. Pius will continue to play an important role in the business, and he
will be instrumental in overseeing a smooth leadership transition in the coming weeks, Dr
Hussein stated.
Editors Note;
NBC is one of the most represented Retail Banks in the country with over 47 years experience
in providing financial services. Apart from offering traditional banking services, NBC also prides
itself with an expanded branch network of 52 branches and over 240 Visa enabled ATMs. The
bank also services over 200 Points of Sales strategically located throughout the country. NBC
has employed over 1300 staff.

For more information please contact;

Rukia Iddi Mtingwa, Acting Head of Marketing, Communications & Corporate Affairs
National Bank of Commerce.
Email: Rukia.mtingwa@nbctz.com
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