Equity Bank taps Kenyans in Diaspora

Equity Bank is hiring Kenyans working abroad to fill its top Executive spots as it seeks to grow its corporate-lending market segment. This comes at a time when numerous Kenyans working overseas have expressed interest in coming back home to invest and build the country. Equity Bank, one of the largest in retail banking, modeled its business around micro-finance, in its formative years. It is now seeking to widen its services to include home loans and corporate banking. "We are right now looking for staff to help roll out value added products like investments, to our existing customers in addition to traditional banking," James Mwangi, the CEO of Equity Bank told the Business Daily

Maurice Ewing, will join the Bank in November as Chief Risk Officer; Daniel Odong'o has joined the Equity as Head of Corporate Risk from Bank of America, while Henry Kimani, formerly Standard Chartered Bank (South Africa) is the General Manager corporate banking. In July, Equity Bank hired Paul Njaga from BNP Paribas as Finance Director. The bank has also poached at least four executives and heads of departments from institutions such as Bank of America, Standard Chartered Plc and France based BNP Paribas.

With the new team, Equity bank endeavors to replicate its personal loans market revolution in the corporate debt market.

Source: Business Daily Nairobi

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