- The appointment follows the board's acceptance of Gerald Warui's request for early retirement.
- Before joining Equity Group, Nyabanda was the Managing Director and Country Senior Partner for PricewaterhouseCoopers (PwC) in Rwanda
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Equity Bank Kenya Limited has appointed Moses Okoth Nyabanda, Equity Group Holdings PLC's Group chief finance and strategy execution officer as acting managing director of Equity Bank Kenya.
The appointment is subject to the Central Bank of Kenya's approval.
The appointment follows the board's acceptance of Gerald Warui's request for early retirement.
The board thanked Warui for his long and dedicated service to the group which included heading operations, customer service, Human Resources and finally, Equity Bank Kenya as Managing Director.
Before joining Equity Group, Nyabanda was the Managing Director and Country Senior Partner for PricewaterhouseCoopers (PwC) in Rwanda and a member of the PwC Eastern Africa leadership team.
He has a 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.
While at PwC, he was responsible for driving operational efficiency including resource planning, digital transformation, innovation, and cost management at PwC Eastern Africa.
At Equity Group, Nyabanda is a key member of the executive team who has demonstrated commitment to the group's corporate philosophies and customer value creation.
The board expressed confidence that under Nyabanda's leadership, Equity Bank Kenya will continue to deliver sustainable profitable growth while enhancing our customer value proposition and employee engagement.
Equity Group Holdings Plc. is a Pan-African financial services holding company listed on the Nairobi Securities Exchange and cross-listed on the Uganda Securities Exchange and Rwanda Stock Exchange.
The group has other banking subsidiaries in DRC, Rwanda, Uganda, Tanzania, and South Sudan, and a Commercial Representative Office in Ethiopia.
The group's other operations include commercial and investment banking, insurance, telecom, fintech and social impact investments.
Equity Group is the largest integrated financial services firm in the region with a market capitalisation of Sh152.8 billion (USD 1.38 billion) as of August 16 2024 and it is Sub-Sahara Africa's most valuable financial brand in market capitalisation.
As of June 30, 2024, the Group had an asset base of Sh1.746 trillion (USD 13.51 billion), customer deposits of Sh1,299.5 trillion, a customer base of 20.7 million and a distribution network of 403 branches, 84,398 agents, over 1.1 million Pay with Equity (PWE) merchants, 37,755 Point-of-Sale (POS) Merchants, 873 ATMs in addition to digital banking channels.