I&M Bank Kenya CEO Kihara Maina has been appointed new regional head of the PLC group.
The appointment, announced by the Board of Directors takes effect in 2023 which signals the end of his tenure as the country’s CEO.
Subject to regulatory approval, Gul Khan is set to take over as the new I&M Kenya CEO.
Khan has over 23 years of international financial services experience, mostly with HSBC Bank, having worked in Europe, North America, Asia, Middle East, and Africa.
Since 2019, Khan has been the Head of Products at Airtel Money Africa, where he has played a key role in driving financial inclusion across 14 African markets.
“We believe that Mr. Kihara Maina and Mr. Gul Khan are the right leader to drive the organization’s growth strategy. Together, they have significant business experience and the drive to help us take I&M Group to the next level of growth and development in line with our iMara 2.0 strategy,” said Daniel Ndonye, Board Chairman, I&M Group Plc.
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The group also announced the departure of the regional Director Chris Low, whose tenure is set to end in the year.
Mr. Low established key Group functions and alignment across the Group’s subsidiaries in Rwanda, Tanzania, and Uganda as well as its Joint Venture in Mauritius, Bank One during his two-year engagement.
Maina will take up responsibilities previously handled by Low that were instrumental in setting up the foundation for the Group’s regional infrastructure that has been crucial in driving the Bank’s regional ambition, a role for which the Board has expressed its full gratitude.
Maina joined I&M six years ago as CEO of I&M Bank Kenya