CBA appoints Jeremy Ngunze as CEO Kenya to steer regional expansion plans

CBA appoints Jeremy Ngunze as CEO Kenya to steer regional expansion plans

Nairobi, September 2012….. CBA the largest privately-owned Kenyan bank is pleased to announce the appointment of Mr. Jeremy Ngunze as the new Chief Executive Officer for Kenya.

Mr. Jeremy Ngunze, who served as the Group Head- Business Management since 2009, takes over from Mr. Isaac Awuondo who will take on the role of Group Chief Executive Officer, as the bank continues to grow and expand beyond Kenya and Tanzania to countries including Uganda and Rwanda.

Prior to joining CBA, Mr. Ngunze held several senior management positions at Standard Chartered Bank. He was the Executive Director Consumer Banking in Kenya, Zambia & Gambia and a Senior Manager, supporting the Group Executive Director North East Asia (SCB) in Hong Kong. He holds an MBA from University of Manchester and Bachelors in Commerce from University of Nairobi.
While commenting on his appointment, the Group CEO Isaac Awuondo said, “As we continue upgrading our systems to accommodate cross border transactions and future expansion, we are extremely confident that Jeremy is best placed to take up this position given his extensive experience in the banking industry that spans over 20 years and his excellent leadership qualities.”

Commenting on his new appointment, Mr Jeremy Ngunze said, “My immediate focus will be to redefine the role of the Kenya business as the anchor to the Group. We have made significant investments in the last couple of years in technology, people and channels. We need to leverage these investments as well as continue to deepen partnerships with our customers. This will give us the ability to yield consistent results for the bank and increase capacity to ensure that our regional expansion plans come to fruition.”

CBA Group CEO, Mr. Awuondo, who previously served as Managing Director will proceed in focusing on strategic management of the Group that will include overseeing overall   Group shared services, risk management and performance management.

About CBA

CBA is the largest privately-owned Kenyan bank, whose primary focus is Corporate, Institutional and Personal Banking. CBA recently unveiled its new corporate image and introduced a new banking proposition – Couture Banking. The Banks’ efforts and resources are channeled towards providing a comfortable, elegant and secure banking environment for our corporate clients, institutional clients, foreign missions, NGOs and the quality end of the personal banking market to make their financial transactions.

The bank offers a wide range of products and services through our retail network and electronic channels such as internet banking, mobile banking and ATMs thus ensuring that all our customers get to enjoy time for more.

For further press information please contact:

Mumbi Karanja                                                                            Chris Pasha
Account Manager                                                                       Group Head of Marketing
Silver Bullet PR & Events                                                                CBA   
mumbi.karanja@silverbullet.co.ke                                                     chris.pasha@cbagroup.com

0753-888369                                                                                       0735440997