The Board of Directors of I&M Group PLC has appointed Kihara Maina as the I&M Regional CEO effective January 2023.
Following his appointment to the Group, Kihara Maina will end his tenure as CEO of I&M Bank Kenya.
Upon his exit at the Kenya office, Gul Khan will take over 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.
Since 2019, Khan has been the Head of Products at Airtel Money Africa, where he has played a key role in driving financial inclusion across 14 African markets.
“We believe that Kihara Maina and Gul Khan are the right leaders to drive the organization’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,” said Daniel Ndonye, Board Chairman, I&M Group Plc.
The Group also announced the impending departure of Regional Director Chris Low, whose contract expires at the end of this year after a successful two-year engagement with the Group.
During his tenure, Low was able 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.
The transition offers continuity in the business as Maina takes over responsibilities previously handled by Low that were instrumental in setting up the foundation for the Group’s regional infrastructure that has been crucial in driving the Bank’s regional ambition, a role for which the Board has expressed its full gratitude.
Maina joined I&M six years ago as CEO of I&M Bank Kenya and will now be tasked in ensuring that the business model for the regional markets delivers towards enhancing performance as a key parameter in contributing to the overall Group performance.