Annastacia Kimtai has been appointed as the managing director of KCB Bank Kenya.
Ms Kimtai has been quietly serving as the acting managing director since December, doubling with her role as KCB Bank Kenya retail banking director.
KCB Group chief executive Paul Russo, in an internal memo, announced the changes to staff, with Ms Kimtai officially starting her role on April 12, 2023.
“I take this opportunity to congratulate Annastacia on this appointment and request that we all accord her all the support to execute her mandate,” said Mr Russo.
“The changes are aligned to the expectations of the CBK prudential guideline on corporate governance. The introduction of the position of managing director KCB Bank Kenya is to help drive the Kenya business and free up the Group CEO to focus on accelerating the Group expansion agenda.”
He said the move is in line with the Central Bank of Kenya Prudential Guidelines on Corporate Governance.
The guidelines require separation of the management of subsidiaries from that of the holding companies.
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