NAIROBI, Kenya, May 16 – Diversified financial services firm, I&M Holdings, has announced the appointment of Kihara Maina to serve as the Chief Executive Officer of I&M Bank Kenya.
The appointment announced by Sarit Raja-Shah, Executive Director of I&M Bank takes effect immediately and is geared at further strengthening the Bank’s corporate governance and human capacity.
The appointment is also part of a strategic effort by the I&M Holdings Ltd., the Group company, to accelerate I&M Bank Kenya’s drive to attain a tier one bank status on the back of innovative products and services.
A seasoned career banker, Maina, the immediate past Barclays Bank of Tanzania Managing Director, will be taking over from the outgoing I&M Bank Kenya Chief Executive Officer Arun Mathur who retires after a long and fruitful career with the Bank. Mathur will be assuming an advisory role within the I&M Bank Group.
“At I&M Bank, we are excited to welcome Maina on board, as we further seek to deepen our human resource capacity,” Shah said, adding that, “this is also an exciting phase of growth for I&M Bank Kenya, as it continues to pursue an aggressive growth agenda spearheaded by a dynamic team of professional managers and robust staffers.”
Prior to joining I&M Bank Kenya, Maina has enjoyed a successful banking career over the last 23 years in various senior management positions.
At I&M Bank Kenya, Maina, brings on board a wealth of experience, gained on various banking fronts including treasury management, corporate finance, risk, asset and liability management.
Commenting on his appointment, Maina said: “I am delighted to join I&M Group and be part of the next phase of their exciting growth story. I recognise the excellent work that the dedicated team at I&M have done to build such a strong and well perceived brand that continues to attract customers and clients. It is my expectation that we will continue to see even greater growth in the years ahead.”
An Executive Master of Business Administration Degree Holder from University of Chicago – Booth School of Business, Maina is also a BSc Mathematics Degree Holder from Moi University.
Speaking when he confirmed the appointment, I&M Executive Director Shah also acknowledged the retiring CEO Mathur, for his outstanding and long service to the Group. As the group further seeks to tap into his wealth of experience, Mathur will be actively involved with I&M Capital, which is seeking to enhance its corporate finance solutions and advisory capacity.
Over the years, I&M Bank Kenya, has focused on a relationship based approach to banking, helping nurture relationships with some of Kenya’s fastest growing corporate organisations.
The Bank has also successfully managed to integrate a formidable suite of retail banking products anchored on its robust Information Technology systems to deliver demand driven digital banking solutions.
Already, I&M Bank Kenya has embarked on a corporate initiative that promotes best practices in sustainable finance.