Polycarp Igathe appointed Equity Bank Kenya MD

david nganga

September 20, 2018 4:51 PM

The appointment comes five months after he joined Equity Group Holdings Plc. as Chief Commercial Officer.

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The appointmentcomes five months after he joined Equity Group Holdings Plc. asChief Commercial Officer.

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It also concludes a restructuring exercise to separate the lender's subsidiaries from the holding company, Equity Bank Group.

Dr James Mwangi will now serve as the Group Chief Executive and Managing Director providing overall strategic direction and oversight to the Group.

“Polycarp’s strong values and passion have enabled him to quickly fit well in the Equity Group organizational culture,” said Mwangi.

Competence

“We believe he has the skills, competence, capability and vision to retain Equity Bank Kenya in its leadership position while taking it to the next level.”

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Equity Bank Kenya holds the lion share of the Group’s business and contributes over 80 per cent of the profitability.

It is currently the largest bank in Eastern and Central Africa region with over 12.6 million customers, the largest in market capitalization and the second largest in balance sheet.

david nganga