BY MBONO MDLULI
MBABANE – FNB Eswatini has, for the first time in it’s history, appointed a female to lead in it’s Board of Directors structure.
The appointment of Elizabeth Arden was announced by the bank’s Board of Directors in a statement issued on August 25, 2025.
“FNB Eswatini is pleased to announce the appointment of Ms Elizabeth Arden as Chairperson of the Board of Directors effective 03 November 2025,” said part of the statement.
“Arden, Liswati, will become the first woman to hold the role in the bank’s 30-year history in Eswatini and takes over from outgoing Chairperson Mr. Joseph Vusumuzi Ndlangamandla who will retire following the conclusion of the Annual General Meeting scheduled for October 2025,”
Ndlangamandla, according to the statement, served the bank with dedication and professionalism for nine years, providing exemplary leadership and unwavering commitment to sound corporate governance and strategic oversight. During his tenure, Mr Ndlangamandla played a central role in strengthening the Board’s effectiveness, enhancing stakeholder confidence, and guiding the bank through key phases of growth and transformation.
The bank extends its heartfelt appreciation to Ndlangamandla for his outstanding service and invaluable contributions.
Ms Arden is currently serving as Chairperson of the Audit Committee and has been a Board member since 2018. She is a seasoned Chartered Accountant and accomplished executive with over 30 years of experience spanning finance, credit, risk management, compliance, and strategic leadership within the banking and agricultural sectors. Throughout her career, she has held several senior positions, including Chief Financial Officer, General Manager, and Executive Director, demonstrating a strong track record in turnaround strategies, regulatory compliance, and financial restructuring.
Commenting on her appointment, Ms. Arden said: “It is an absolute great honour to be entrusted with this important role especially as the bank celebrates 30 years of great achievements. In the past 30 years, the bank has been led by incredible stewards who demonstrated incredible drive, commitment and courage. I feel incredibly fortunate to be taking over from a seasoned chairman who leaves the bank on a solid platform, with a highly competent board that is supported by an equally skilled management team.”
The Board of Directors of the financial institution wishes Arden all the best in the new role.
