NIC Group managing director John Gachora will head the new outfit that will be formed out of the bank’s merger with Commercial Bank of Africa (CBA).
In a joint statement, Gachora will be in charge of the management of the merged outfit while his CBA counterpart, Isaac Awuondo, will become chairman of the Kenyan banking subsidiary and maintain direct oversight over the digital business.
“The merged group will operate under a new name and brand, which will be determined prior to concluding the merger. The combined entity’s board of directors and executive management team will also be well balanced between the two institutions,” said the two banks in a joint statement.
