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Paul Russo appointed Chief Executive Officer of KCB Group Plc

By IGIHE
On 25 mai 2022 at 06:20

The KCB Group PLC Board has appointed Paul Russo as the company’s Group Chief Executive Officer (GCEO) effective 25th May 2022.

He replaces Mr Joshua Oigara who has been the GCEO for the last nine and a half years. Joshua will be available for a period of time to support a smooth transition. The appointment follows a competitively run selection process that kicked off in March 2022.

Paul brings a wealth of experience in banking, operational management, people management, strategy, and a sharp business acumen. He is currently the Managing Director National Bank of Kenya and the KCB Group Regional Business Director. He has over 20 years of work experience spanning executive and key roles including Group Human Resources Director, KCB Group Plc.

He holds an MBA from Strathmore University Business School and a Bachelor of Business Management from Moi University. He also holds a Senior Executive Program for Africa Certificate from Harvard Business School and a Higher Diploma in Human Resource Management from the Institute of Human Resource Management (Kenya).

Paul has consistently been a great leader of outstanding performance. Over the past 8 years while at KCB, he has been involved in the running of key strategic assignments within the Group business, lately looking after the regional businesses (KCB’s businesses in Tanzania, Rwanda, Burundi, Uganda, South Sudan as well as KCB Capital and KCB Bancassurance Intermediary) and National Bank of Kenya.

“He is therefore the right person for the job and will take the Group to the next level in its growth ambitions to become the undisputed regional leader and drive much-needed business transformation for greater impact of economies and communities around us,” said KCB Group Chairman Andrew Wambari Kairu adding that the Board is confident that he will carry on with the Group’s resolve to simplify the world of our stakeholders to enable their progress.

“During his tenure at NBK, he has executed a significant turnaround, moving the previously loss- making business into profitability and on a trajectory for stronger growth into the future,” said the Group Chairman.

The Board commended Joshua for his service to the Group since joining in 2011. “Joshua has had a fantastic run as the Group CEO and MD and has led the Group through its fastest growth in a decade.

“He has left a solid legacy for the Group across Africa and beyond that is dotted by transformation of millions of lives, enhanced financial inclusion across the region, digital banking innovations and has built a Group that is anchored on sustainable business practices,” he added.

The board appreciates Joshua’s immense contributions and wishes him well in his future endeavors.

About KCB Group PLC

KCB Group PLC is East Africa’s largest commercial Bank that was established in 1896 in Kenya. Over the years, the Bank has grown and spread its wings into Tanzania, South Sudan, Uganda, Rwanda, Burundi and Ethiopia (Rep).

Today KCB Group Plc has the largest branch network in the Region of 258 branches, 962 ATMs and over 16,600 merchants and agents offering banking services on a 24/7 basis in East Africa. This is complemented by mobile banking and internet banking services with a 24hour contact center services for our customers to get in touch with the Bank.

The Bank has a wide network of correspondent relationships totaling over 200 banks across the globe and our customers are assured of a seamless facilitation of their international trade requirements wherever they are.

KCB Group Plc has appointed Paul Russo as Group Chief Executive Officer.

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