Paul Russo has been confirmed the new Managing Director of National Bank of Kenya by KCB Group ending Wilfred Musau’s tenure.
Musau who has been the Managing Director of the National Bank of Kenya has been redeployed to a new role at KCB to support the integration of the two lenders. Musau joined National Bank as the Director Retail and Premium Banking. He was later appointed as the acting MD & CEO of National Bank between September 2015 and October 2016.
“I have full confidence that Mr. Russo will steer NBK in the right direction and succeed in the integration task ahead,” KCB Group chief executive Joshua Oigara said.
A few weeks ago, Russo had been the designate managing director for NBK.
During the integration period that is expected to be completed in 24 months, KCB is targeting to streamline human resources, systems, processes and procedures to fully realize the value of the envisioned combined efficiencies and productivity synergies post the acquisition.
“I wish to assure NBK customers that they will continue to receive enhanced products and services throughout the integration period and that they should rest assured that they are now part of a bigger and stronger family,” Oigara said.
“Focus will be on a simplified customer journey and products that provide solutions to our customers,” he added.
