Senior Management

The Bank's management comprises of highly skilled and experienced personnel. The Bank has continued with aggressive capacity building through staff training and development programmes. The first critical success factor of the bank is about an organization culture that values people, enhances performance and supports the business. This is grounded on seven core values namely Professionalism, Integrity, Creativity, Teamwork, Unity of Purpose, Respect and Dignity for Customers and Effective Corporate Governance.

A lot of emphasis is laid on developing leadership capabilities at all levels of the organization by sponsorships to some of the world's leading programmes. These include Harvard Business School, Wharton Business School, Strathmore Business School, Bolder Microfinance Leadership Programme and Ireland Development Institute among others.

The leadership team of the Bank consists of the following persons:-

 

Name

JAMES MWANGI, CBS
GROUP MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER

Dr. Mwangi holds five honorary doctorate degrees in recognition of his contributions to the Kenyan society. He holds a Bachelor of Commerce degree and is a Certified Public Accountant. He has been honoured thrice with Presidential national awards; he was vested the First Class Chief of the Order of the Burning Spear (CBS) national decoration–the highest presidential award to a civilian, for outstanding contribution in economic development, the Moran of the Burning Spear (MBS) and Head Of State Commendation (HSC). He was named the World Entrepreneur of the Year by Ernst & Young in 2012, the Forbes Africa Person of the Year in 2012 and is a holder of the 2007 Global Vision Award. He was also recognized as the 2015 Ai40 CEO of the year at the 8th Annual Africa Investor (Ai) CEO Investment Summit held in New York. He is currently the Chairman of Kenya’s Vision 2030 Delivery Board, charged with the responsibility of ensuring Kenya becomes a middle income country with global high standards of living by the year 2030. Dr. Mwangi on several international bodies as an advisor and has recently been appointed to the Economic Advisory Board of the International Finance Corporation (IFC) to offer leadership advice, innovative ideas and partnership. He is a Board member of the Africa Leadership Academy in South Africa, the Global Alliance for Food Security and Nutrition among others and is the Chancellor of Meru University College of Science and Technology. He has wide experience in the banking industry and inclusive finance. He is also the founding Executive Chairman of Equity Group Foundation (EGF), the social impact investment arm of Equity Group, an innovation and creative vehicle that has fully transformed the concept of philanthropy and corporate social responsibility.

Name

BHARTESH SHAH
CHIEF OPERATIONS OFFICER

Mr. Shah holds an MBA from the University of Warwick and a Bachelor of Science (Hons.) in Banking and Finance from Loughborough University. He is a seasoned and successful senior banker; with over 20 years of experience in the financial services industry with multiple financial institutions in various senior capacities and in different locations globally. He has in-depth experience in the financial services industry covering digital banking, analytics, AI, corporate finance, corporate banking, transaction banking, wealth management, bancassurance, product management and retail banking. He previously worked for Midland Bank (HSBC), UK; Standard Chartered Bank, Kenya, Botswana and Singapore; and Citibank, Africa. Mr. Shah has a passion and experience in technology and its revolutionary impact on the financial services industry. He joined Equity Bank in 2015.

Name

MARY WAMAE
GROUP EXECUTIVE DIRECTOR 

Mrs. Wamae holds a Master’s degree in Leading Innovation and Change from York St. John University, UK, a Bachelor of Laws degree from the University of Nairobi and a Diploma in Law from the Kenya School of Law. She is a Certified Public Secretary (Kenya) and member of The Institute of Certified Public Secretaries of Kenya (ICPSK), Law Society of Kenya and the Kenya Section of International Commission of Jurists. She is a graduate of Advanced Management Programme (Strathmore - IESE Business School, Barcelona Spain). She is an Advocate of the High Court of Kenya and holds a Post Graduate Diploma in Gender and Development and has over 14 years private legal practice experience. She joined Equity Bank in 2004.

Raphael Hukai

REUBEN MBINDU
CHIEF OFFICER, HUMAN CAPITAL AND ADMINISTRATION

Mr. Mbindu holds a BSc. in Computer Science from Germany and is a full member of the Institute of Human Resource Management in Kenya. He has over 30 years work experience, most of which has been in the Banking sector as a human capital specialist. He joined Equity Bank in 2013 from Standard Chartered, where he had served at senior management levels in Human resources for over 15 years. Mr. Mbindu is also an Executive Director for Equity Group Foundation and Equity Bank Tanzania. He has also worked in other sectors including public sector (UNEP), consultancy (Deloitte) and ICT (Siemens, Germany). He has also held other senior positions including Head of Corporate Affairs - Standard Chartered, East Africa and Chairman of the Standard Chartered Nairobi Marathon.

Jumaane Tafawa

JAMES MUTUKU
GROUP DIRECTOR, TREASURY

Mr. Mutuku has a Bachelor of Arts in Economics and Sociology from Egerton University. He has over 19 years’ experience in the Treasury business having worked for Co-operative bank, KCB and most recently as the Head of Financial Markets for Standard Chartered Bank Uganda. Before that, he was the East Africa Head of Asset Liability Management (ALM), for Standard Chartered Bank Kenya. Mr. Mutuku brings a wealth of experience in balance sheet management and fixed income trading, having been one of the founding members of the CBK market leader’s forum. He joined Equity Bank in 2016.

Name

 

BRENT MALAHAY
GROUP DIRECTOR STRATEGY, STRATEGIC PARTNERSHIPS  & INVESTOR RELATIONS

Mr. Malahay holds a Masters degree in Economics and an Honors degree in Business Finance from the University of KwaZulu Natal, South Africa. He has over 14 years’ experience in financial services having worked in commercial banking, credit ratings, investment banking and fund management. He has previously worked for Standard Bank, Fitch Ratings, J.P. Morgan and Investec Asset Management. Mr. Malahay joined Equity Bank in 2016.

Reuben Mbindu

BILDARD FWAMBA
CHIEF INTERNAL AUDITOR

Mr. Fwamba holds a Bachelor of Commerce (Accounting) degree from Kenyatta University and is a Certified Public Accountant and a member of ICPAK. He has a wealth of experience in Financial Management, Risk Management and Internal Controls having worked for over 19 years in various senior management capacities. Mr. Fwamba joined Equity Bank in 2004 from Central Bank of Kenya (CBK) where he was a Bank Examiner.

Name

GERALD WARUI
DIRECTOR, OPERATIONS AND CUSTOMER EXPERIENCE

Mr. Warui holds an Executive Masters of Business Administration degree from Jomo Kenyatta University of Agriculture and Technology (JKUAT). He is also a Certified Public Accountant CPA (K) and a graduate of Advanced Management Program offered by Strathmore- IESE Business School, Barcelona Spain. A career banker, Gerald has vast experience in operations and customer service. Prior to his current position, he served as the Director of Human Resource and Customer Service. He has served in Equity Bank for 20 years.

Name

ELIZABETH GATHAI
DIRECTOR, CREDIT

Ms. Gathai holds a Master’s degree in Business Administration from the University of Nairobi, Bachelor of Commerce degree in finance, and is a Certified Public Accountant CPA (K). She is a graduate of Advanced Management Programme (Strathmore- IESE Business School, Barcelona Spain) and Management Executive Programme (Maastricht School of Management (MSM) - Netherlands). Ms. Gathai has 16 years of banking experience. Elizabeth joined Equity Bank in 2001.

Name

ALLAN M. WAITITU
DIRECTOR, SPECIAL PROJECTS

Mr. Waititu is a graduate in Business Information Technology, and a graduate of Advanced Management Programme (Strathmore- IESE Business School, Barcelona Spain). He has over 27 years’ experience in Information Technology and banking and previously served as Equity Bank’s Director of ICT and Innovations, and before that as General Manager of Operations. Mr. Waititu joined Equity Bank in 2004. He is undertaking a Master in Business Administration Degree at Strathmore Business School.

Name

FESTUS NJUKI
DIRECTOR, ENTERPRISE INFRASTRUCTURE AND ICT SERVICES

Mr. Njuki holds a Masters of Business Administration in Sustainable Leadership from University of Cumbria and a Masters of Computer Management from University of Pune. He joined the bank in 2005 and is the Group Director ICT Infrastructure of Equity Bank Group Holdings, managing the technical corporate direction and strategy for the Group. Previously, he served as a systems analyst and programmer at Software Technologies Limited, where he focused on analyzing and designing systems; Turnkey Africa Limited where he was a senior system analyst, projects manager and Oracle Database Administrator; Simba Technologies as an Oracle Consultant, Oracle Database Administrator and Head of Oracle Services. He is a member of Computer Society of Kenya and Oracle Technology Network.

 

Name

JOHN WAMAI
DIRECTOR, ICT-ENTERPRISE BUSINESS SYTEMS AND SERVICES

Mr. Wamai holds a Master’s Degree in Business Administration (Management Information Systems) from Kenyatta University, a bachelor’s degree in Economics and a Diploma in Computer Science. He also holds Prince II certification (Project Management). He has over 14 years of experience in Banking and Financial services Information systems, ICT Projects Management and ICT Operations. He has previously served in Project management and IT General Manager position. Mr. Wamai joined Equity Bank in 2004.

 

Samuel Kirubi

SAMUEL KIRUBI
MANAGING DIRECTOR, EQUITY BANK UGANDA

Mr. Kirubi holds a Master’s Degree in Business Administration (Finance) from Moi University and a Bachelor of Arts degree in Economics and Statistics from Egerton University. He is a graduate of Advanced Management Programme (StrathmoreIESE Business School, Barcelona Spain). Since joining Equity Bank in 2001, Samuel has gained vast experience in operations, marketing and customer service. Samuel was previously the Chief Operations Officer in Equity Bank South Sudan and most recently the Managing Director, Equity Bank Rwanda.

Bildad Fwamba

ANTHONY KITUUKA
EXECUTIVE DIRECTOR, EQUITY BANK UGANDA

Mr. Kituuka holds an MBA in Oil and Gas from Middlesex University, London and a Bachelor’s Degree in Statistics and Applied Economics from Makerere University, Uganda. He is a Fellow of the Association of Chartered Certified Accountants Certificate (FCCA). BOARD OF DIRECTORS PROFILES (continued) EQUITY GROUP HOLDINGS PLC AND SUBSIDIARIES INTEGRATED REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017| 189 He has over 10 years banking experience and has previously worked with Kenya Commercial Bank (KCB) as the Head of Global Corporates and Barclays Bank Uganda Limited as Head of Business Banking. He joined Equity Bank in 2014 and was previously the Group Executive Director for Regional Subsidiaries.

Paul Gitahi

ADDIS ABABA OTHOW
MANAGING DIRECTOR, EQUITY BANK SOUTH SUDAN

Dr. Othow holds a Bachelor of Science in Economics, Master’s degree in Economic Development and a PhD in political economics from Al-Neelain University, Khartoum, Sudan. He also holds Bachelor Degree in Finance and Accounting from Hanze University, Groningen, Netherlands. He has a wide range of experience in banking, accounting, finance, and information system. Prior to joining Equity Bank, he initially worked as a teaching assistant at Al Neelain University, Khartoum and was later appointed as a banking inspector, Central Bank of Sudan in 1997. He worked as an assistant accountant and auditor at Dubois & Co Chartered Accountants Amsterdam, The Netherlands. He has also worked as head of nonbanking Division before he got transferred to be the Head of planning, regulation and licensing, central bank of south Sudan (BSS). He joined Equity Bank in February 2015.

Name

HANNINGTON NAMARA
MANAGING DIRECTOR, EQUITY BANK RWANDA

Mr. Namara is a graduate of Makerere University Business School with a degree in Business Administration – Finance and has received various trainings in corporate banking, credit, structured finance and hold several positions of responsibility in Boards of Parastatals and Corporates. Mr. Namara has over 15 years of experience as a Senior Private Sector Development specialist. He has extensive track record in Strategy, Leadership and Programme Management, Finance and Communications. He is currently the Chief Executive Officer and Managing Director of Equity Bank Rwanda. Before joining the Bank, Mr. Namara was the Country Director of TradeMark East Africa – Rwanda Country Programme leading a large (USD 65 Million) Trade Facilitation and Regional Integration Programme. In 2012, Mr. Namara served as the Chief executive officer of the Rwanda Private Sector Federation. He worked with Commercial Bank of Rwanda (BCR), heading the bank’s corporate banking division, marketing and business development functions. Mr. Namara also served as a senior officer in charge of Special Projects at the Rwanda Investment Export Promotion Agency (RIEPA-now known as Rwanda Development Board). He is a Fellow of the fourth class of the Africa Leadership Initiative-East Africa and a member of the Aspen Global Leadership Network.

Joseph Iha

JOSEPH IHA
MANAGING DIRECTOR, EQUITY BANK TANZANIA

Mr. Iha holds a Bachelor of Education in Accounting and Mathematics from the University of Nairobi. He is also a graduate of Advanced Management Program (Strathmore - IESE Business School, Barcelona Spain) and has also attended various professional courses in banking. He has over 18 years of banking and leadership experience in Credit, Corporate banking and Operations. Before joining Equity Bank (Tanzania) Limited, he worked as the General Manager, Credit in Equity Bank (Uganda) Limited and General Manager, Corporate Banking Division at Equity Bank (Kenya). Joseph joined Equity Bank in 2005. He previously worked with Cooperative Bank of Kenya for six years in various capacities.

Name

CELESTIN MUKEBA MUNTUABU
MANAGING DIRECTOR, PROCREDIT BANK (DRC)

Mr. Muntuabu holds a Master’s degree in Business Administration and Management from the Protestant University in Congo. Besides his training in leadership, he also holds a degree in Banking Administration from ProCredit Academy – Germany. Prior to joining the banking sector, he worked with the International Training Center, a consulting cabinet specialized in the training of the business executives in internal audit and strengthening of the systems of internal control of companies. Mr. Muntuabu is a Permanent Secretary and clerk trainer at the International Training Center. He has held various top level positions in ProCredit Bank Congo including Deputy CEO (2008 – 2014). Since March 2017, Mr. Muntuabu has been serving as Deputy Chairman of the United Nations Global Compact DRC Network.

Name

PHILIP SIGWART
EXECUTIVE DIRECTOR, PROCREDIT BANK (DRC)
 
Mr. Sigwart holds an MBA from the University of Chicago Booth School of Business and a Bachelor and a Master of Arts degree in Economics from the University of St. Gallen in Switzerland. He has over 20 years of experience in banking in transition economies and emerging markets in Eastern Europe, Latin America and Africa. He started his career as a bank advisor with the Russia Small Business Fund of the European Bank for Reconstruction and Development. In 2002 he transferred to the ProCredit Group, where he was CEO of ProCredit Bank Georgia, and later the CEO of ProCredit Bank Kosovo. He also held directorships at ProCredit Bank Bolivia and ProCredit Bank Ecuador. His role immediately prior to joining Equity Bank was as Executive Chairman of ProCredit Bank in the D.R.Congo.

Name

JACK NGARE
MANAGING DIRECTOR, FINSERVE AFRICA

Mr. Ngare holds an Masters in Management from Harvard University, an MSC in Advanced Computer Science (Distinction) and BSC in Computer Science from the University of Leicester. He also holds a Graduate Diploma in Strategic Management from Harvard University, Certified Information Systems Security Professional (CISSP) and is a Certified Information Security Manager (CISM). He previously worked for British Telecom (Global Services) with assignments in UK, Saudi Arabia, Peru and a joint venture with NTT Docomo in Japan. He subsequently worked at Stanbic Bank and NIC Bank (Kenya, Uganda and Tanzania). Mr. Ngare has in depth experience in management, the telco industry, mobile financial services and emerging technology risks and security.

Name

ERIC GIKONYO KAROBIA
EXECUTIVE DIRECTOR, FINSERVE AFRICA


Mr. Karobia holds a Bachelor of Arts degree in Economics and Mathematics from the University of Nairobi. He has over 14 years of experience in Banking and Mobile money covering IT Systems & Operations, Project Management, customer management, Mobile Money product development, Operations and general agent administration. He previously worked for Bharti Airtel Group International Netherlands B.V, as the Senior Manager, IT Products & Systems and at Equity Bank for 8yrs in various roles. His immediate former role was Head of Department, Product Development & Operations Financial Services Division (M-PESA) from 2012- 2014 at Safaricom Ltd, Senior Manager, Product Development & Operations, Strategic projects for the Financial Services Division (M-PESA) at Safaricom Ltd a position he held for 8months before being promoted to HOD. Mr. Karobia joined Equity Bank in 2014 as General Manager- Innovation, Product development & mobile payments a position that was held from July 2014 to Dec 2016. Currently he is the Group DirectorStrategic Execution, PMO &ICT Governance.