Standard Bank Group Ltd.’s Kenyan unit is in talks to hire Joshua Oigara, former head of KCB, as its chief executive, according to a report by Bloomberg.
Joshua Oigara was, until May, the group chief executive of KCB Group, Kenya’s second-biggest bank with a presence in six African markets. He took over the partly state-owned listed lender in 2013 as one of the youngest bank chiefs in Kenya.
The report further stated that Stanbic Bank Kenya Ltd.’s board is likely to announce the plan to replace current Chief Executive Officer Charles Mudiwa before his five-year term expires in December.
The banking sector in Kenya has recently witnessed a movement of its top managers, with former Absa chief, Jeremy Awori, heading to Pan-African lender Ecobank as its CEO.
Awori replaced Ade Ayeyemi, who retired after attaining the age of 60 in accordance with the bank’s policy.
Read also; KCB Group Appoints Paul Russo as MD & CEO, Joshua Oigara leaves after 10 years at the helm.
