The Board is fully committed to ensuring the Group’s affairs are conducted with integrity and that the highest ethical standards are maintained. All employees of the Group are required to abide by a code of conduct containing detailed guidelines governing ethics and integrity in the workplace.

Mr Hitesh Anadkat
Mr Hitesh AnadkatChairman
Mr. Anadkat holds an MBA from Cornell University and a B.Sc. Economics (Hons) from the University of…
Mr. Anadkat holds an MBA from Cornell University and a B.Sc. Economics (Hons) from the University of London. Prior to returning to Malawi to establish First Merchant Bank, he worked in a corporate finance house in USA specializing in mergers, acquisitions and valuations.

He holds directorates in four commercial Banks and in a number of other sectors of the Malawi economy, principally telecommunications, manufacturing and property development.

Mr Dheeraj Dikshit
Mr Dheeraj DikshitDirector
Mr Dikshit holds an MBA and a Bachelor of Commerce. Prior to joining FMB, Mr Dikshit…
Mr Dikshit holds an MBA and a Bachelor of Commerce. Prior to joining FMB, Mr Dikshit worked for HSBC in different senior capacities. He has more than 21 years’ working experience in corporate and commercial banking as well as retail banking and consumer assets. Mr Dikshit joined FMB in 2011.
Mr Rasik C Kantaria
Mr Rasik C KantariaDirector
Mr Kantaria has a BSc in Economics, is Chairman of Prime Bank Limited, Kenya and Chairman of…
Mr Kantaria has a BSc in Economics, is Chairman of Prime Bank Limited, Kenya and Chairman of Prime Capital and Credit Limited, Kenya. He holds directorates in a number of other sectors of the Kenyan economy, principally property and tourism. His other directorships in Malawi are The Leasing and Finance Company of Malawi Limited and BNC Packaging Limited.
Mr Bharat Jani
Mr Bharat JaniDirector
Mr Jani holds both Bachelor and Master of Commerce degrees and diplomas in Financial Management…
Mr Jani holds both Bachelor and Master of Commerce degrees and diplomas in Financial Management, Banking, and Computerised Banking. He joined Prime Bank Ltd, Kenya in 2001 and is currently the Managing Director of Prime Bank Limited, Kenya. He has over 35 years’ banking experience, having previously worked for Reserve Bank of India, Union Bank of India and Trust Bank Limited in Kenya. He holds no other directorships in Malawi.
Mr John M O' Neill
Mr John M O' NeillGroup Finance Director
Mr O’ Neill is a fellow and member of the Institutes of Chartered Accountants in Ireland and…
Mr O’ Neill is a fellow and member of the Institutes of Chartered Accountants in Ireland and Malawi respectively. His professional working experience of over 40 years includes 17 years with Deloitte where he served six years as a partner in its Malawi Practice. He was appointed to the Board of FMB in 1996 and currently holds the position of Group Finance Director.
Mr Modecai Msisha SC
Mr Modecai Msisha SCDirector
Mr Msisha, SC is a legal practitioner in practice since 1975. He has worked as a State Prosecutor, Legal…
Mr Msisha, SC is a legal practitioner in practice since 1975. He has worked as a State Prosecutor, Legal Aid Advocate and Lecturer in law. He has been a partner in Nyirenda & Msisha Law Offices since 1990. He was elevated to Senior Counsel in 1997, and has served in prominent roles in a number of special legal assignments and commissions of national importance.
Dr Ellias Ngalande
Dr Ellias NgalandeDirector
Dr Ngalande holds a Bachelor of Social Science from the University of Malawi, a Master’s Degree…
Dr Ngalande holds a Bachelor of Social Science from the University of Malawi, a Master’s Degree in Development Economics from Strathclyde University in Scotland, a Master’s Degree in Political Economy and a Doctorate Degree in Economics from Boston University, USA. He has held tertiary and postdoctoral teaching positions at the University of Malawi and abroad and has held senior positions in government / public sectors, including Secretary to the Treasury in the Ministry of Finance, General Manager of ADMARC Investment Holding Company, Deputy Governor of the Reserve Bank of Malawi, and the position of Governor of the Reserve Bank of Malawi. In 2006, he was appointed Executive Director of the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) based in Harare Zimbabwe, and has researched and published in Agricultural Economics, Health Care Financing and the Social Sector (Education and Health). Dr Ngalande has extensive practical experience in environmental impact assessments, fiscal and monetary policy formulation and implementation, and has served on a number of parastatal boards in Malawi.
Mr Kevin Carpenter
Mr Kevin CarpenterDirector
Mr. Kevin Carpenter is an independent consultant with expertise in internal and external audits…
Mr. Kevin Carpenter is an independent consultant with expertise in internal and external audits, taxation, financial modelling, feasibility studies, project appraisals, business formation, structuring and restructuring and has offered specialised advice to a large number of local and international organizations. He has over 28 years experience in Malawi having been Partner in Charge in an international auditing firm until 2006.

Mr. Carpenter has a Bachelor of Arts degree in German Studies and European Studies and is a member of The Institute of Chartered Accountants in England and Wales and The Institute of Chartered Accountants in Malawi.

Mr. Carpenter was appointed to the Board of FMB on 5th August, 2015.