Equity Bank Kenya has appointed one of its own, Gerald Warui, to take up the role of Managing Director after the exit of Polycarp Igathe. He will lead the Kenyan arm of the regional lender. Gerald Warui is a veteran banker who has been with the bank for 21 years.
Warui has more than 30 years of experience in banking. He is a graduate of Advanced Management Program from IESE Business School in Barcelona, Spain, and an MBA holder from JKUAT. He currently holds the role of Director of Operations and Customer Service at Equity Bank Kenya.
Warui will succeed Polycarp Igathe who is moving to Vivo energy at the end of August. Equity Bank prides itself in developing leaders. In a statement to the media, the top lender stated, “Equity Bank places a premium in developing strong, broad based management talent. Over the last five years, the financial industry has benefited significantly from this pool and many of the team members hold senior roles in leading companies across Africa.”
The bank has put in measures to ensure a smooth transition in the leadership role. Gerald Warui will serve as the fourth Managing Director at Equity Bank Kenya since the lender began operating 35 years ago.