Bank of Africa Recruits Top Managers From Rivals

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Bank of Africa Kenya (BOA) has head-hunted three top managers from local rivals, stepping up the chase for talent in the industry.

The lender, in a statement, announced the appointment of Mary Mulili Mwende as general manager business development, Jeanne Olger Waluchio as head of human resources, and Ian Ndenderu Mburu as the head of corporate banking.

The three were tapped from GT Bank, Sidian Bank and HFC respectively.

“We welcome the three new appointments who bring a wealth of experience to Bank of Africa that will be vital towards our goal of becoming the banker of choice for SMEs and trade finance,” said managing director Ronald Marambii following approval of the appointments by the regulator.

BOA-Kenya is a subsidiary of Bank of Africa Group — part of BMCE Bank of Africa Group — which has operations in 20 African countries and 30 others worldwide. The bank commenced operations in Kenya in July 2004, after acquiring the Kenyan branch of Credit Agricole Indosuez, an international French bank which had operated in the country for more than 20 years.

The bank has a network of more than 30 branches countrywide with two business centers in Nairobi and Mombasa to cater for enterprise clients.

Recently, the lender introduced free monthly workshops targeting small and medium-sized enterprises (SMEs) dubbed SME Clinics to enable the businesses to tap new opportunities, especially the Big Four agenda that includes housing, healthcare, food security and manufacturing in counties.

The bank also entered into a partnership with European Investment Bank for funding to lend to the local SMEs.

BOA Kenya posted a Sh67.6 million net profit in the year ended December 2017 from a Sh10.4 million net profit the previous year.

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