Equity Bank Kenya has appointed Gerald Warui as its managing director. This follows the board’s acceptance of the resignation of Polycarp Igathe who leaves the position at the end of August. Mr. Igathe will be going back to his previous employer, Vivo, to take up a newly created role as Executive Vice President of sales and marketing for Africa. The Equity board has accepted Mr. Igathe’s resignation following his eight-month tenure in the role. To ensure a smooth transition of operations, Mr. Igathe will hand over his duties to Mr. Warui before his departure.
Equity Group places a premium on developing strong, broad based management talent. To that end, over the last five years, the financial industry has benefited significantly from this pool. Many of its team members now hold senior roles in leading companies across Africa, including four of its own subsidiaries in Uganda, Tanzania, Rwanda and South Sudan.
Mr. Warui has served Equity Bank for twenty one years. He holds an executive master of business administration (MBA) degree from Jomo Kenyatta University of Agriculture and Technology (JKUAT) and is also a Certified Public Accountant CPA (K). Moreover, he is a graduate of advanced management programme offered by IESE Business School, Barcelona, Spain. A career banker, Mr. Warui has vast experience spanning over thirty years and has headed operations, customer service and human resource (HR) within the group. He is currently the director of operations and customer service in Equity Bank Kenya. His appointment is subject to approval by the Central Bank of Kenya (CBK).