Erastus Mwencha appointed Equity bank board chair

An equity bank branch PHOTO COURTESY

Equity Bank (Kenya) Ltd Board has appointed Ambassador Erastus Mwencha, as the Chairman, taking over from Professor Isaac Macharia.

Ambassador Mwencha, a career diplomat served as the Deputy Chairperson for the Africa Union Commission (AUC).

Prior to that, he was the Secretary-General of the Common Market for Eastern and Southern Africa(COMESA) for ten years.

Speaking when handing over the Board leadership to Amb. Mwencha, Prof Macharia said that Mwencha  will be instrumental in strengthening the group

“We are honored to have Ambassador Mwencha taking over the Board chairmanship of Equity Bank (Kenya) Ltd. His experience at the helm of AU Commission and COMESA will be instrumental in strengthening Equity Bank Kenya’s catalytic role in the country’s pursuit of becoming the economic hub for the region.” Prof Macharia said

“Equity Bank Kenya is our leading subsidiary and a benchmark for its peers in the Group in championing strategic execution, growth, and innovation.” He joins a highly talented Board and his leadership will be instrumental in taking the bank to its next level of growth as a technology-led integrated financial services provider.” Prof Macharia added,

Despite the prevailing social-economic slowdown occasioned by the COVID-19 pandemic, he pointed out that the bearer will assist in navigating the current global COVID-19 crisis to thrive post the pandemic.

 Professor Macharia, a renowned ENT specialist has been on Equity Bank (Kenya) Ltd Board for six years four of which he served as chairman.

Speaking when welcoming Ambassador Mwencha to Equity, Dr. Mwangi, the Group Chief Executive Officer of Equity Group Holdings Plc said his  vast experience and solid networks will enrich Equity’s

international relations and development as the group eyes on the Pan African expansion strategy.