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Bankers body gets new CEO

NAIROBI, Kenya Feb 4 – The Kenya Bankers Association Board has appointed Habil Olaka as the new Chief Executive Officer.

Mr Olaka takes over from John Wanyela who retired last year after a 12-year stint at the helm of the association that champions the interests of the banking sector.

The new CEO joins the bankers association from the East African Development Bank where he served in various high level positions, among them the Head of Risk Management, Resident Manager for Kenya and as Director of Operations.

Speaking during his inauguration, he said he would advance the bankers interests, having had experience in the financial sector spanning over two decades.

"I acknowledge that I have big shoes to fill, but experience in the financial sector and my interaction with the staff, member banks and other stakeholders in the banking sector, has given me the confidence that I need to tackle all changes that are ahead of me", Mr Olaka said.

Mr Wanyela thanked banks and other financial institutions that work with the Kenya Bankers Association for their support during his tenure.

"I look back at the milestones we have marked over the past 12 years and I am proud that the banking sector has come this far," Mr Wanyela said.

He challenged the banking sector in Kenya to strive towards being the best in the continent, on the bank of innovative products and personalized services for clients.

Also speaking during the ceremony, Central Bank Governor Prof Njuguna Ndung\’u challenged players in the banking industry to continue introducing new products and services to meet the dynamic market needs.

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