Postbank Appoints New Managing Director

Postbank on Friday announced the appointment of Raphael Lekolool as the new Managing Director following the retirement of Anne Karanja who had been at the helm of the lender for the last six years.

Board Chairperson Ntoros Baari Ole Senteu in a statement said that Lekolool appointment would be effective June 1, 2020.

According to Senteu, in his role as the Managing Director, Mr.Lekolool will be riding on a strong foundation of the existing customer base and digital platforms in pursuit of growing the bank’s market share while executing the bank’s strategic plan.

“The financial world is going digital and one of Postbanks’s priority areas is to exploit technology to ensure customers can handle most of their financial transactions online,” said Mr. Senteu.

Mr.Lekolool boasts of vast experience in banking, microfinance, and insurance sectors. The board is counting on him to drive the bank’s business to the next level while offering customer-driven products.

“I have full confidence that my successor, Mr. Lekolool will steer Postbank to greater heights. I take this opportunity to wish him a successful tenure.” said Ms. Karanja.

“We appreciate the stewardship of Ms. Anne Karanja which kept Postbank focused on inculcating a savings culture among Kenyans.” reflected Mr. Baari Ole Senteu, the Board Chairperson. “We wish her well in her endeavors as she continues serving the nation in a different capacity” added Mr. Senteu.

Prior to this appointment, Mr. Lekolool was the Enterprise Risk Manager at UAP, Old Mutual and Head of Internal Audit at Faulu Microfinance. He is an MBA graduate of Cardiff Business School and holds a BSc. Degree in Banking from University of Manchester.

Ms. Karanja leaves behind a stellar record having guided the bank for more than a half-century and served in different senior management positions in the same bank.

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