KCB Concludes Restructuring With Six Senior Appointments

NAIROBI, Kenya

KCB Group has appointed six senior executives to bolster its growth and improve service delivery, as its restructuring started two years ago came to a close. The management said the appointments were a result of internal and external evaluation process conducted over the last three months.

“These appointments are part of the KCB Transformation journey that started in 2011 to review the Bank’s corporate and governance structures, business model as well as review job roles and people placement within the roles across the business,” KCB Group Chief Executive, Joshua Oigara, said. “These changes are driven strictly by the business needs and will enable the bank to focus on its objectives of improving customer service, leading through innovation, growing market share particularly in small and medium Enterprises and further reducing our costs.”

Mr Oigara added that with their strong credentials, the new appointees, who are both internal and external employees, have the Board’s full confidence as we embark on the journey of transforming KCB and driving the consolidation agenda in the medium term.

“We have a very good strategy that would make KCB a banker of choice over the next few years. The senior management and staff are committed to making KCB the best and most profitable bank in the region through excellence in customer care, innovative products and services and efficiency, and we want to refocus our energy, processes and technology in driving these,” said the CEO.

KCB is the country’s biggest lender by balance sheet size of Sh367billion, and has a presence in six countries: Kenya, Uganda, Tanzania, Rwanda, South Sudan and Burundi. In the last five years, the bank has registered strong performance, doubling its pre-tax profits from Sh6 billion in 2008 to Sh17.2 billion in 2012, making it one of the most profitable companies in Kenya and the region.

Recently the bank was awarded the highest credit rating score of AA short term and A1+ long term in Kenya by Global Credit Rating (GCR) for the financial services sector.

Mr Samuel Makome has been appointed Chief Business Officer, Kenya. He joins KCB with over 20 years’ experience in banking and 10 years in executive management in strategic leadership and business development. He holds a Masters in Organisational Leadership from the International Leadership University, Nairobi, Kenya a BSc in Engineering from the University of Nairobi and is an Associate of the Chartered Institute of Bankers, London, UK (ACIB).

Mr Collins Otiwu has been appointed Chief Financial Officer of KCB. He joins the bank with nine years’ experience in senior/executive management roles within finance and Aaccounting. Prior to joining KCB, he was the Finance Director at Equity Bank Kenya.

Mr Charles Langat has been appointed KCB Director Audit. Charles has over 10 years’ experience in senior management roles in audit and finance. He joins KCB from Sovereign Group Limited where he held the roles of Divisional Director and Chief Finance and Investment Officer. He holds an MBA in Finance from Herriot Watt University – Edinburgh Business School, Scotland and a Bachelor of Commerce degree from University of Nairobi. He is a Certified Public Accountant of Kenya, Certified Internal Auditor as well as a Certified Information Systems Auditor.

Mr Joseph Kania has been appointed the KCB Group Company Secretary. He joins the Bank with over 20 years’ experience as an advocate of the High Court and 10 years’ experience as a Company Secretary. He joins the Bank from Housing Finance Company of Kenya where he was the Company Secretary. He holds an LLB from University of Nairobi and is an advocate of the High Court of Kenya. He is a Notary Public, Commissioner of Oaths as well as a CPS (K) Certified Public Secretary of Kenya.

Mr Apollo Ongara is the KCB Director Credit. He joins the Bank with over 20 years’ experience in Business, Credit and Operational Risk Management having held various roles in senior management levels within the Banking sector. Prior to joining KCB Group he was Head of Credit in KCB Bank Tanzania. He holds a Degree in Economics and Business Administration from Kenyatta University and is an Associate of the Chartered Institute of Bankers (ACIB London).

Mr James Agin has been appointed the Director Corporate Banking. He joined KCB Group in 2008 as the Managing Director KCB Bank Uganda. He has over 19 years of banking experience having served as the KCB Chief Business Officer-International prior to his new appointment. He holds a Bachelor of Science Degree from the University of Nairobi, an MBA from IESE Business School, Spain and is an alumni of the Harvard Business School’s Advanced Management Programme. He is also an associate of the Chartered Institute of Bankers, UK.