Annastacia Kimtai has been appointed as the Managing Director of KCB Bank Kenya, making it the first time the Kenyan unit will have an independent CEO.
Since December, she has been serving as the Acting Managing Director, as well as the Retail Banking Director.
According to Business Daily, the appointment was communicated by KCB Group CEO, Paul Russo, through an internal memo, prior to a formal public announcement.
Ms. Kimtai began her role as the Managing Director just this week.
She has worked for KCB for over 20 years, starting as a lender’s officer in Mombasa in 1999. By 2009, she had risen to the position of branch manager, and later took on a regional role with the bank from 2009 to 2011. She then became the Regional Director, a position she held until her recent appointment as CEO of the Kenya unit.
She earned a Bachelor’s degree in Arts and Economics from Agra University, India, and a Master’s degree in Arts from the same institution.
“I take this opportunity to congratulate Annastacia on this appointment and request that we all accord her all the support to execute her mandate,” said Mr. Russo. “The changes are aligned to the expectations of the CBK prudential guideline on corporate governance. The introduction of the position of managing director KCB Bank Kenya is to help drive the Kenya business and free up the Group CEO to focus on accelerating the Group expansion agenda.”
