KCB Group PLC has announced the election of Dr. Joseph Kinyua as its new Group Chairman effective from May 26, 2023.
Dr. Kinyua, who recently retired as the Head of Public Service and Secretary to the Cabinet, joined the KCB Group Board in March 2023. He succeeds Mr. Andrew Wambari Kairu, who stepped down after serving as Group Chairman for five years.
Dr. Kinyua has a distinguished career in public service spanning over 40 years, during which he held various senior positions in the government, including as Permanent Secretary to the National Treasury.
He is widely respected for his role in implementing key government initiatives and reforms in the banking sector, the foreign exchange market, and the trade and capital accounts of the balance of payments, among others.
Dr. Kinyua said he was honoured by the trust and confidence bestowed upon him by the Board and pledged to work with all stakeholders to advance the Group’s vision and mission.
“I am grateful for the opportunity to serve as Chairman of KCB Group, a leading financial institution in the region that has a strong legacy of innovation, excellence, and impact. I look forward to working with the Board, management, staff, customers, regulators, and all partners to take KCB Group to even greater heights in providing financial solutions to our people,” he said.
KCB Group Plc is a diversified financial services group with operations in Kenya, Tanzania, Uganda, Rwanda, Burundi, South Sudan, and Ethiopia. The Group offers a wide range of products and services including retail banking, corporate banking, mortgage finance, treasury services, mobile banking, agency banking, Islamic banking, stock brokerage, fund management, bancassurance, and investment banking.