Former KCB Group Managing Director Joshua Oigara has been appointed Chief Executive Officer for Stanbic Bank Kenya & South Sudan.
His new role will be effective December 1, 2022.
A circular on Wednesday, November 16, indicated that Oigara will report directly to Standard Bank East Africa Regional CEO, Patrick Mweheire.
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Oigara left KCB where he served for about 10 years at the helm of the lender.
Paul Russo who was the managing director of the National Bank of Kenya took over as CEO effective May 25, 2022.
Oigara was appointed CEO of KCB on January 1, 2013, and his tenure comes to an end on December 31 this year.
He joined KCB in November 2011 where he previously served as Chief Financial Officer and Member of the Board of Directors.
His appointment to replace the outgoing CEO Martin Oduor-Otieno made him the youngest CEO of a publicly traded bank at the Nairobi Securities Exchange.
Oigara’s appointment follows Charles Mudiwa’s retirement at the year.
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The bank said in a statement on Tuesday that the retirement will take effect on December 31.
Stanbic Bank is a member of Standard Bank Group.
“I am indeed humbled to have served at Standard Bank Group over the last 20 years, playing a pivotal role as a change agent. I am confident that the group will continue to scale new heights,” Mudiwa said.