Housing Finance Group appointed Robert Kibaara as its new chief executive on Tuesday.
Kibaara’s appointment ends Frank Ireri’s 13 years of being at the position. The former NIC Bank Director for Retail Banking will now provide strategic leadership and oversight of the Group’s turnaround strategy.
“He is a seasoned career banker and business executive with an accomplishment in successfully driving change, revenue mobilisation and delivering outstanding business results,” said Steve Mainda, HF Group Chairman.
“The appointment of Mr Kibaara marks a critical milestone for the group as it comes at a time when HF has embarked on a new turnaround strategy focusing on full-service banking, with investment in digital and retail banking. He brings to the Group extensive commercial acumen and strategy execution experience,” he added.
Some of the strategic initiatives the Group projects will drive profitability in future include continued focus investment in digital channels to enhance accessibility, focus on customer service and experience excellence, deepening of the full-service banking value proposition, aggressive collections on the non-performing loans and scaling up on the provision of affordable and decent housing.
Read: HF Group issues profit warning on declining interest income
Kibaara is a renowned banker with over 24 years experience and joins HF Group from NIC bank. His role as a Retail Director was instrumental in the growth of retail customer numbers and in the overall funding of the bank through deposit mobilisation.
He holds a Bachelor’s Degree in Banking and Finance from the University of Sunderland (UK) and a Post Graduate Diploma from the Chartered Institute of Marketing (CIM) UK.
