Investrust Bank PLC announced the appointment of Dr. Richard K. E. Chembe as managing director with effect from 1st May 2015 subject to Bank of Zambia approval. Dr. Chembe will take over from Mr. Friday Ndhlovu who will retire from the only listed indigenous Bank on 31st May 2015, as announced at the Bank's 24th annual general meeting held on 2nd April 2015. Dr. Chembe has extensive experience in the Banking and Financial Services sector having worked in various senior management portfolios at the Bank of Zambia and the International Monetary Fund.

He also served as the special assistant for economic and development affairs to the 4th president of the republic of Zambia.