JOHANNESBURG, South Africa – GCR Ratings (GCR), the leading provider of credit ratings in Africa, has announced the appointment of Zimbabwean Clement Chamboko as managing director: business development, Africa.
Chamboko has had a stellar career spanning almost two and a half decades, cutting across corporate and investment banking, business banking as well as retail banking. He held key roles in leading financial institutions in Africa including Nedbank, Commerzbank, Barclays, Absa and HSBC.
He brings vast knowledge of the regulatory and market dynamics across the continent and has a deep passion and appreciation for the African continent, said GCR CEO Marc Joffe.
In his new role, Chamboko will oversee the expansion of GCR’s rating coverage and the growing participation of the rating agency in capital markets across Africa.
Commenting on the appointment, Joffe said: “Clement’s appointment reflects GCR’s continued commitment to delivering high quality credit rating services to market participants across Africa. He brings deep, first-hand knowledge of several African markets in line with our strategic objective to enhance our credit ratings and research offerings for the African continent.
“I look forward to working closely with Clement as GCR continues to engage with investors and issuers, including banks, corporates, insurance companies, public bodies and government sponsored-enterprises.”
Moody’s Corporation acquired a 100 percent stake in GCR in July 2024 underpinning the company’s position as the preeminent rating agency in Africa.
