Equity Bank Kenya MD Takes Early Retirement, Insider Takes Over

Equity Bank (Kenya) Ltd has appointed Mr Moses Okoth Nyabanda, who has been serving as Equity Group Holdings Plc’s Group Chief Finance & Strategy Officer, as the acting Equity Bank Kenya MD, subject to Central Bank of Kenya approval.

The change in management came after the board accepted a request for early retirement by, Mr Gerald Warui, who served in the position for five years. “The Bank wishes to thank Mr Warui for his long and dedicated service to the Group which included heading operations, customer service, HR and finally, Equity Bank Kenya as Managing Director,” the board said in a statement.

Before joining Equity Group, Mr Nyabanda was the Managing Director and Country Senior Partner for PricewaterhouseCoopers (PwC) in Rwanda and a member of PwC Eastern Africa leadership team.

The Equity Board says Mr Nyabanda has a proven track record of leading effective teams, strategic planning, driving business growth and delivering impactful solutions to businesses and governments in Kenya, Rwanda, Uganda, and the United Kingdom.

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“While at PwC, he was responsible for driving operational efficiency including resource planning, digital transformation, innovation, and cost management at PwC Eastern Africa,” the statement said.

At Equity Group, Mr Nyabanda is a key member of the executive team who has demonstrated commitment to the Group’s corporate philosophies and customer value creation.

Throughout his career, Mr Nyabanda, the new Equity Bank Kenya MD, is said to have distinguished himself as a disciplined and thorough professional, demonstrating exceptional leadership in promoting robust control environments and productivity,” it said

The board is confident that under Mr Nyabanda’s leadership, Equity Bank Kenya will continue to deliver sustainable profitable growth, while enhancing our customer value proposition and employee engagement.

Equity Bank (Kenya) Limited, a subsidiary of Equity Group Holdings Plc, is one of the leading banks in Kenya. The group has other banking subsidiaries in DRC, Rwanda, Uganda, Tanzania, South Sudan, and a Commercial Representative Office in Ethiopia.

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