Khusoko – East African Markets
    Facebook Twitter Instagram
    Khusoko – East African MarketsKhusoko – East African Markets
    • NEWS
    • ECONOMY
      • BANKING & FINANCE
      • COMPANY
      • MARKETS
    • INDUSTRY
      • AGRICULTURE & ENVIRONMENT
      • HEALTH & WELLNESS
      • PROPERTY
        • RETAIL
      • TECHNOLOGY
        • ELECTRONICS
    • ENTREPRENEURSHIP
      • ENTREPRENEURS
      • PEOPLE
      • PERSONAL FINANCE
    • SPORTS
    • COMMENTARY
    • ARTS & CULTURE
      • BOOKS
      • ENTERTAINMENT
      • FAMILY & RELATIONSHIPS
      • FASHION & STYLE
      • FOOD & DRINK
      • TRAVEL & LEISURE
    Khusoko – East African Markets
    PEOPLE

    KCB Names Paul Russo as Designate National Bank of Kenya Managing Director

    KhusokoBy Khusoko2019-09-03Updated:2019-09-03No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    The KCB Group PLC Board has today appointed Paul Russo as the company’s Group Chief Executive Officer (GCEO) effective May 25, 2022.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Paul Russo has been appointed by the KCB Group Plc as the designate managing director for the National Bank of Kenya (NBK).

    Russo is the current KCB Group Director of Regional Businesses and he will now be tasked with managing NBK for the transitional 2-year period of its integration into KCB, subject to fit and proper approval by the Central Bank of Kenya (CBK).

    “We are confident that we shall conclude this process shortly following the receipt of the necessary approvals. We have received a good indication from NBK shareholders and we shall announce the official results within the legally stipulated timelines so as to get into the next steps of the transaction,” KCB Group MD Joshua Oigara said in a statement.

    “We have set a target to fully integrate NBK into KCB in 24 months from acquisition. During that period, we will be taking a number of integration decisions including how to best structure NBK in order to more excellently deliver value to our customers,” said KCB CEO Joshua Oigara.

    On Monday, the Central Bank of Kenya (CBK) approved the acquisition of 100 percent shareholding of National Bank Limited (NBK) by KCB Group PLC.

    The acquisition of the National Bank of Kenya (NBK) by KCB is set to close out in October this year with the pair having just closed out on a 10:1 share-swap affair which priced NBK at a discounted Ksh.5.6 billion.

    Paul Russo holds two bachelor degrees in business management and administration from the Moi University and a Masters degree in strategic management from the Strathmore Business School.

    Paul Russo
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Khusoko

    Multimedia platform providing analysis of business & financial news in East Africa.

    Related Posts

    Nancy Karigithu, Africa’s Candidate for the Post of Secretary General of IMO

    2023-03-21

    KFC Names Akhona Qengqe As General Manager for Africa

    2023-03-20

    KQ Announces Appointment of Captain George Kamal as COO

    2023-03-15

    Leave A Reply Cancel Reply

    Our Language is Flirty
    https://www.facebook.com/flirtynailsparlour/
    MORE TOP STORIES
    • Nancy Karigithu, Africa’s Candidate for the Post of Secretary General of IMO
    • Kenyan Startup Zumi Shutting Down; 150 Employees Affected
    • Why Kenyan Students Consider Dropping Out of Higher Education
    • Protests Rock Kenya’s Capital as Businesses Stare at Heavy Losses
    • TransCentury Shareholders Give Nod to Conversion
    • Facebook
    • Twitter
    • LinkedIn
    Facebook Twitter LinkedIn
    • ABOUT US – KHUSOKO
    • PRIVACY POLICY
    • KHUSOKO STANDARDS GUIDE
    © 2023 Khusoko. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.