NAIROBI, Kenya – Equity Bank Kenya Limited has appointed Moses Okoth Nyabanda as the acting Managing Director, following the early retirement of the outgoing MD, Gerald Warui.
The appointment, which is subject to the approval of the Central Bank of Kenya, marks a significant leadership transition within the bank.
Nyabanda currently serves as the Group Chief Finance and Strategy Execution Officer at Equity Group Holdings PLC.
His appointment comes after the Equity Bank Kenya Board accepted Warui’s request for early retirement. The board expressed gratitude for Warui’s long-standing and dedicated service to the group, acknowledging his pivotal roles in operations, customer service, human resources, and ultimately, as the Managing Director of Equity Bank Kenya.
Nyabanda brings with him a wealth of experience from his previous role as the Managing Director and Country Senior Partner for PricewaterhouseCoopers (PwC) in Rwanda.
He was also a key member of PwC’s Eastern Africa leadership team, where he excelled in strategic planning, driving business growth, and delivering impactful solutions across Kenya, Rwanda, Uganda, and the United Kingdom.
His leadership at PwC was marked by a focus on operational efficiency, digital transformation, innovation, and cost management.
Since joining Equity Group, Nyabanda has been a crucial member of the executive team, known for his commitment to the group’s corporate values and dedication to enhancing customer value.
The Equity Bank Kenya Board expressed confidence in Nyabanda’s ability to continue driving the bank’s sustainable growth while furthering its commitment to customer satisfaction and employee engagement.
Equity Group Holdings PLC, the parent company of Equity Bank Kenya, is a Pan-African financial services powerhouse listed on the Nairobi Securities Exchange and cross-listed on the Uganda Securities Exchange and Rwanda Stock Exchange.
The group’s operations span several countries, including the Democratic Republic of Congo, Rwanda, Uganda, Tanzania, and South Sudan, with a commercial representative office in Ethiopia.
Equity Group is the largest integrated financial services firm in the region, boasting a market capitalization of KSh 152.8 billion (USD 1.38 billion) as of August 16, 2024, making it Sub-Saharan Africa’s most valuable financial brand by market capitalization.
As of June 30, 2024, the group reported an asset base of KSh 1.746 trillion (USD 13.51 billion), with customer deposits totaling KSh 1.299 trillion, serving a customer base of 20.7 million through a vast distribution network.
The appointment, which is subject to the approval of the Central Bank of Kenya, marks a significant leadership transition within the bank.
Nyabanda currently serves as the Group Chief Finance and Strategy Execution Officer at Equity Group Holdings PLC.
His appointment comes after the Equity Bank Kenya Board accepted Warui’s request for early retirement. The board expressed gratitude for Warui’s long-standing and dedicated service to the group, acknowledging his pivotal roles in operations, customer service, human resources, and ultimately, as the Managing Director of Equity Bank Kenya.
Nyabanda brings with him a wealth of experience from his previous role as the Managing Director and Country Senior Partner for PricewaterhouseCoopers (PwC) in Rwanda.
He was also a key member of PwC’s Eastern Africa leadership team, where he excelled in strategic planning, driving business growth, and delivering impactful solutions across Kenya, Rwanda, Uganda, and the United Kingdom.
His leadership at PwC was marked by a focus on operational efficiency, digital transformation, innovation, and cost management.
Since joining Equity Group, Nyabanda has been a crucial member of the executive team, known for his commitment to the group’s corporate values and dedication to enhancing customer value.
The Equity Bank Kenya Board expressed confidence in Nyabanda’s ability to continue driving the bank’s sustainable growth while furthering its commitment to customer satisfaction and employee engagement.
Equity Group Holdings PLC, the parent company of Equity Bank Kenya, is a Pan-African financial services powerhouse listed on the Nairobi Securities Exchange and cross-listed on the Uganda Securities Exchange and Rwanda Stock Exchange.
The group’s operations span several countries, including the Democratic Republic of Congo, Rwanda, Uganda, Tanzania, and South Sudan, with a commercial representative office in Ethiopia.
Equity Group is the largest integrated financial services firm in the region, boasting a market capitalization of KSh 152.8 billion (USD 1.38 billion) as of August 16, 2024, making it Sub-Saharan Africa’s most valuable financial brand by market capitalization.
As of June 30, 2024, the group reported an asset base of KSh 1.746 trillion (USD 13.51 billion), with customer deposits totaling KSh 1.299 trillion, serving a customer base of 20.7 million through a vast distribution network.
