Ex-Barclays executive to head I&M Bank
I&M Bank in Nyeri on March 18, 2014. The bank has appointed a new CEO as part of a strategic effort by the group to accelerate its drive to attain tier one status. PHOTO | JOSEPH KANYI | NATION MEDIA GROUP
What you need to know:
- Prior to joining I&M Bank Kenya, Mr Maina has enjoyed a successful banking career over the last 23 years in various senior management positions.
- Over the years, I&M Bank Kenya has focused on a relationship-based approach, helping nurture ties with some of Kenya’s fastest-growing corporates.
Former Barclays Bank of Tanzania managing director, Mr Kihara Maina, has joined financial services firm I&M Holdings just three weeks after leaving his job.
Mr Maina is set to serve as the chief executive officer of I&M Bank Ltd Kenya, replacing Mr Arun Mathur.
I&M Bank, which is in the process of acquiring Giro Commercial Bank Ltd at an estimated Sh4.2 billion and Sh5.3 billion, said Mr Maina’s appointment is part of a strategic effort by the group to accelerate its drive to attain tier one status.
“This is also an exciting phase of growth for I&M Bank Kenya, as it continues to pursue an aggressive growth agenda spearheaded by a dynamic team of professional managers and robust staffers,” said executive director of I&M Bank Ltd Sarit Raja- Shah.
The appointment takes effect immediately with Mr Mathur assuming an advisory role within the group.
The bank said the move is also geared at further strengthening its corporate governance and human resource capacity.
Prior to joining I&M Bank Kenya, Mr Maina has enjoyed a successful banking career over the last 23 years in various senior management positions.
He has served in treasury management, corporate finance, risk, asset and liability management.
“I am delighted to join I&M Group and be part of the next phase of their exciting growth story. I recognise the excellent work that the dedicated team at I&M has done to build such a strong and well perceived brand that continues to attract customers and clients,” said Mr Maina.
Over the years, I&M Bank Kenya has focused on a relationship-based approach, helping nurture ties with some of Kenya’s fastest-growing corporates.
The lender has also successfully managed to integrate a formidable suite of retail banking products anchored on its information technology systems to deliver demand-driven digital products.
The group has a regional branch network of 33 outlets in Kenya and profitable operations in Mauritius, Tanzania and Rwanda.
Through its subsidiary I&M Insurance Agency, it offers bancassurance services covering a wide array of products.
