Why Gerald Warui has been replaced as Equity Bank Kenya CEO

Equity Group Holdings Plc’s Group Chief Finance & Strategy Execution Officer Moses Okoth Nyabanda has been appointed as the Acting Managing Director of Equity Bank Kenya to replace Gerald Warui.

Equity Group Holdings Plc says the decision follows a request by Warui to proceed for early retirement.

In a statement the Group says: “The Bank wishes to thank Warui for his long and dedicated service to the Group which included heading operations, customer service, HR and finally, Equity Bank Kenya as Managing Director.”

Equity Bank Kenya, Acting Managing Director, Moses Okoth Nyabanda

Before joining Equity Group, Nyabanda was the Managing Director and Country Senior Partner for PricewaterhouseCoopers (PwC) in Rwanda and a member of PwC Eastern Africa leadership team. He has a proven track 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.

“The Board is confident that under Nyabanda’s leadership, Equity Bank Kenya will continue to deliver sustainable profitable growth, while enhancing our customer value proposition and employee engagement,” says the Group.

Gerald Warui, Equity Bank Kenya Managing Director at a previous event. Equity Bank has announced a reduction in the duration it takes to settle PayPal withdrawals from 3 Business days to just 24 hours or one business day, a development that allows Equity to offer the fastest PayPal settlement period in the country. PHOTO/COURTESY
Equity Bank Kenya, outgoing Managing Director, Gerald Warui,  at a previous event. PHOTO/COURTESY

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