“Mr. Nyabanda has distinguished himself as a disciplined and thorough professional, demonstrating exceptional leadership…”
After accepting Mr. Gerald Warui’s request for early retirement, Equity Bank Kenya has appointed Mr. Moses Okoth Nyabanda as the acting managing director, subject to Central Bank of Kenya approval.
Mr. Nyabanda is the current outgoing Equity Group Chief Finance and Strategy Execution Officer.
As Acting Managing Director, he takes over from Mr. Warui, whose long and dedicated service to the group included heading operations, customer service, HR, and ultimately, the Managing Director.
- Visionary Leadership
Mr. Nyabanda has a decorated track record, which includes leading effective teams, creating strategic plans, enabling business growth, and delivering impactful solutions to businesses and governments in Kenya, Rwanda, Uganda, and the United Kingdom.
Previously, Mr. Nyabanda worked for PwC Eastern Africa, where he steered operational efficiency, including resource planning, digital transformation, innovation, and cost management.
While here, Mr. Nyabanda rose to the rank of Managing Director and Country Senior Partner for the PwC Eastern Africa leadership team, a position he held until he joined Equity Group.
As a key member of the Equity Bank executive team, Mr. Nyabanda has a reputation for demonstrating a strong commitment to the group’s corporate philosophies as well as its customer value creation.
As such, the group’s board is confident that Mr. Nyabanda’s leadership is apt to drive sustainable, profitable growth while enhancing customer value propositions and employee engagement.
- History of Success
As of June 30, 2024, Equity Group registered an asset base of Kshs 1.746 billion, customer deposits of Kshs 1.299.5 billion, a customer base of 20.7 million, and a distribution network of 403 branches with 84,398 agents.
Termed the second strongest financial brand on Earth in 2024 by Brand Finance, the Group’s strong brand recognition, solid liquidity buffers, resilient funding profile, established regional franchise, and extensive adoption of digital and alternative distribution channels can never go unnoticed.