Fives months after joining Equity Group as Chief Commercial Officer, Polycarp Igathe has been confirmed and named the Managing Director of Equity Bank Kenya. Dr James Mwangi will now serve as the Group Chief Executive and Managing Director providing overall strategic direction and oversight to the Group.
Speaking while making the announcement, Dr Mwangi said “The Board has completed the process of separating the operations and management of the Kenya subsidiary from that of the Group and appointed Polycarp the Managing Director of Equity Bank Kenya. Polycarp’s strong values and passion have enabled him to quickly fit well in the Equity Group organizational culture.”
With over 12.6Million customers, Equity Bank is one of largest banks in the region with subsidiaries in Kenya, Uganda, Tanzania, Rwanda, South Sudan and DRC.Equity Bank Kenya holds the lion share of the Group’s business and contributes over 80% of the profitability.