Equity Bank Looks Internally for Igathe Successor

Gerald Warui

Following the accepted resignation of former Nairobi Deputy Governor Polycarp Igathe, who was serving the position of a Managing Director in an eight months tenure, Equity Bank’s Board announced the appointment of its long-serving Director, Gerald Warui as its 4th Managing Director in its 35-year history.

Mr Warui has served Equity Bank for 21 years. He holds an Executive Master of Business Administration degree from Jomo Kenyatta University of Agriculture and Technology (JKUAT) and is also a Certified Public Accountant CPA (K), and a graduate of Advanced Management Program offered by IESE Business School, Barcelona, Spain.

A career banker, Gerald has vast experience spanning over 30 years and has headed operations, customer service and HR within the Group. He is currently Director of Operations and Customer Service in Equity Bank Kenya. As Managing Director of Equity Bank Kenya, Mr Warui’s appointment is subject to approval by the Central Bank of Kenya. For a smooth transition of operations, Mr Igathe will hand over his duties to Mr Warui before his departure at the end of August.

The Board has congratulated Mr Warui on his appointment and Mr Igathe for his dedicated and impactful service to Equity wishing him well in his new role with one of the Equity’s most valued partners; Vivo Energy, looking forward to deepening the existing relationship across the continent

Equity Group places a premium on developing strong, broad-based management talent and over the last five years the financial industry has benefited significantly from this pool and many of its team members now hold senior roles in leading companies across Africa.