Financial service provider I&M Holdings has on monday announced the appointment of Kihara Maina as the new Chief Executive Officer of I&M Bank Ltd Kenya.
The appointment takes effect immediately and is geared at further strengthening the Bank’s corporate governance and human capacity.
A seasoned career banker for over 23 years, and also a former Barclays Bank of Tanzania Managing Director will be taking over from the outgoing I&M Bank Kenya CEO Arun Mathur who retires from the Bank. He will however be assuming an advisory role within the I&M Bank group.
He is expected to bring on board a wealth of experience, gained on various banking fronts including treasury management, corporate finance, risk,asset and liability management.
Mr Sarit Raja- Shah, Executive Director of I&M Bank Ltd, said “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.”
Maina is an Executive Master of Business Administration, Degree Holder from University of Chicago – Booth School of Business also a BSc Mathematics Degree Holder from Moi University.
I&M Bank has successfully managed to integrate a formidable suite of retail banking products anchored on its robust Information Technology systems to deliver demand driven digital banking solutions and has also embarked on a corporate initiative that promotes best practices in sustainable finance.
Last year, I&M Bank Kenya posted a pretax profit of Kes 8.75 Bn with deposits increasing by 18 per cent to hit a new record of Kes 116.79 Bn even as its loans and advances portfolio touched the Kes 114 Bn mark.
With an expanding regional branch network of 33 branches in Kenya and operations in Mauritius, Tanzania and Rwanda, the Bank has also been actively rolling out customer focused products and solutions which have accelerated its market penetration.
Through its subsidiary, I&M Insurance Agency, the Bank also offers Bancassurance services covering a wide variety of insurance products.
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