Kenya’s Equity Bank is banking on a Swedish national, John Wilson, to steer its Pan African dream of operating in 15 African countries by 2024

Equity Bank Group
  • On Monday, the bank named the head of financial institutions in East and Southern Africa at the IFC as the Group’s Chief Operating Officer.
  • John Wilson, a Swedish national will oversee operations at the Group level while Bhartesh Shah will head up the Group’s Enterprise Risk Management.
  • Dr James Mwangi, Managing Director and CEO Equity Group Holdings Plc said John’s depth of expertise and understanding of the African financial institutions will be invaluable as the Group takes a leading role in the Africa region.

Equity Bank, currently the largest bank in Eastern and Central Africa region with over 14 Million customers, is banking on a Swedish national to steer the bank as it moves to enter Pan 15 African countries by 2024.

On Monday, the bank named the head of financial institutions in East and Southern Africa at the IFC as the Group’s Chief Operating Officer.

John Wilson, a Swedish national will oversee operations at the Group level while Bhartesh Shah will head up the Group’s Enterprise Risk Management.

Speaking while making the announcement, Dr James Mwangi, Managing Director and CEO Equity Group Holdings Plc said John’s depth of expertise and understanding of the African financial institutions will be invaluable as the Group takes a leading role in the Africa region.

“John brings international experience and joins a team of highly talented experts who are driving our Equity 3.0 strategy that will see the Group complete digitization and virtualization of the Bank while accelerating our Pan African expansion to 15 countries by 2024…John will help to analyse the economic environment in the various countries the Group is operating in and advise on how to localize its strategy…. John will enhance the execution of strategy and operational oversight of the entire business including the subsidiaries as Mary Wamae Group Executive Director focuses on leadership and governance of the various business lines, while Bhartesh, a career banker, oversees the comprehensive Group enterprise risk management” said Dr. Mwangi.

Long career in Banking

Mr. Wilson, has had a long and highly successful career in banking and finance. He spent a total of 14 years at the World Bank, where he worked at the IFC (private sector arm of the World Bank Group with over USD 90 Billion in assets) for 11 years and another 3 years at the International Bank of Reconstruction and Development, IBRD (the public sector arm of the World Bank Group).

At IFC, John served as the Global Head of Banking and Chief Banking specialist as well as the Manager in charge of Financial institutions Group for East and Southern Africa.

John is an alumni of the ivy league Princeton University where he graduated with a Masters degree in Public affairs while he also obtained another Masters in Economics from Uppsala University in Sweden.

His appointment in the new role is subject to approval by the Central Bank of Kenya.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Amazing transformation of 21-year-old man bullied for being born different (video)

Amazing transformation of 21-year-old man bullied for being born different (video)

Abel Mutua's movie makes over Sh4M in 5 days

Abel Mutua's movie makes over Sh4M in 5 days

How Janet Mbugua's husband Eddie landed Sh240 million deal with Chinese investors

How Janet Mbugua's husband Eddie landed Sh240 million deal with Chinese investors

5 things you should never do to please a woman

5 things you should never do to please a woman

British MP claims she didn't know her flat was owned by the Kenyatta family

British MP claims she didn't know her flat was owned by the Kenyatta family

Janet Mbugua's husband thrown at the centre of nasty fight at Ole Sereni Hotel [Video]

Janet Mbugua's husband thrown at the centre of nasty fight at Ole Sereni Hotel [Video]

Sh79,000 per month jobs for Kenyans without degrees

Sh79,000 per month jobs for Kenyans without degrees

Diamond Platnumz splashes Sh5.2 Million on new Gold & Diamonds Chain [Video]

Diamond Platnumz splashes Sh5.2 Million on new Gold & Diamonds Chain [Video]

Alikiba's Wife Amina reveals name of their 2nd born son for the first time

Alikiba's Wife Amina reveals name of their 2nd born son for the first time