The Board of Directors of I&M Group PLC has announced the appointment of Kihara Maina to the position of I&M Regional CEO which will come into effect in the new year. His appointment to the Group role, subject to regulatory approval, will follow the end of his tenure as CEO of I&M Bank Kenya.
In his new role, Maina will ensure that the business model for the regional markets delivers towards enhancing performance as a key parameter in contributing to the overall Group performance.
Maina joined I&M six years ago as CEO of I&M Bank Kenya. In his new role, he will be responsible for driving the regional business ambition for the Group as underpinned in the iMara 2.0 strategy.
At the same time, the Board has announced the appointment of Gul Khan as the new I&M Bank Kenya CEO subject to regulatory approval.
Khan has over 23 years of international financial services experience, mostly with HSBC Bank, having worked in Europe, North America, Asia, Middle East and Africa. He is recognised as a leader in both the banking and fintech industries with a proven track record of delivering growth and transformation. Since 2019, he has served as the Head of Products at Airtel Money Africa, where he has played a key role in driving financial inclusion across 14 African markets.
The Group also announced the impending departure of Chris Low, the current Regional Director whose contract expires at the end of this year after a successful two-year engagement to establish key Group functions and alignment across the Group’s subsidiaries in Rwanda, Tanzania and Uganda as well as its Joint Venture in Mauritius, Bank One.
Commenting on the new appointments, Daniel Ndonye, Board Chairman, I&M Group Plc said: “We believe that Kihara Maina and Gul Khan are the right leaders to drive the organisation’s growth strategy. Together, they have significant business experience and the drive to help us take I&M Group to the next level of growth and development in line with our iMara 2.0 strategy”.