Exodus Makumbe is a Zimbabwean entrepreneur and investment banker.

Exodus Makumbe
Makumbe.jpg
Born Exodus Makumbe
Occupation
  • Investment Banker

Contents

Education

He is the holder of an Msc. in Strategic Management from Derbyshire Business School and is studying for a Doctorate in Finance with Swiss Management Centre of Switzerland as well as a law degree with UNISA, South Africa.[1]

Career

Makumbe worked at the Reserve Bank of Zimbabwe where he served in different capacities for 13 years before leading the formation and growth of Premier Banking Corpration Limited from 2002 to 2007 before it was sold and rebranded Ecobank. He served as Premier Finance Group (PFG)'s chief executive before forming an investment, family office and advisory services company called, Exodus & Company (Pvt) Limited, which culminated in the formation of Platinum Groupe (Pvt) Ltd in January 2010. He currently sits on various public and private boards and was appointed Chairman of Platinum Groupe (Pvt) Ltd at its inception.[1]

His company Exodus & Company (Pvt) Ltd developed Madokero Estate which is located 10 km from Harare City Centre and 4,5km from Westgate Shopping Centre.[2]



Controversies

A publication stated that Makumbe was actually pushed out by the Premier Finance Group board over allegations of fraud and serious corporate governance issues. Makumbe tendered his resignation on August 29, 2005 eight days after he was put on forced leave by the board.

Makumbe and chief operating officer, Cassius Gambinga, could have helped themselves to the company’s commissions and engaged in non-permissible activities that threatened the welfare of the whole group.[3]

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References

  1. 1.0 1.1 Board of Directors and Key Management, Exodus and Company, published: No Date Given, retrieved: June 13, 2017
  2. Madokero Estate Nears Completion, Standard, published: January 12, 2015, retrieved: June 13, 2017
  3. Shakeman Mugari, Fraud rocks Premier Bank, Zimbabwe Independent, published: September 2, 2005, retrieved: June 13, 2017

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