Ex-Nairobi Deputy Governor Polycarp Igathe now Equity Bank Kenya MD

Ex-Nairobi Deputy Governor Polycarp Igathe now Equity Bank Kenya MD

Former Nairobi County Deputy Governor Polycarp Igathe has been named the Managing Director of Equity Bank Kenya just five months after joining financial institution.

This means Dr. James Mwangi will now serve as the Group Chief Executive and Managing Director of the bank which boasts of 12.6 million customers in Eastern and Central Africa region.

The company, while announcing the appointment of Mr. Igathe, who was the company’s Chief Commercial Officer, said his “strong values and passion have enabled him to quickly fit well in the Equity Group organizational culture.”

According to a statement from the company, Igathe’s appointment marks the completion of the group’s strategy of separating the management of its subsidiaries from that of the Holding Company.

“He (Igathe) has distinguished himself as a results oriented and committed business leader who is renowned for fostering productive partnerships with external stakeholders and customers, resulting in delivery of outstanding company results,” said Dr. Mwangi.

“He has taken over a very successful subsidiary and market leader. We believe he has the skills, competence, capability and vision to retain Equity Bank Kenya in its leadership position while taking it to the next level.”

Having been plucked from the private sector to deputise Mike Sonko in running the country’s Capital, Mr. Igathe resigned just five months into the job on Friday, January 12, 2018.

“Dear Nairobians, it is with a heavy heart that I resign my seat as elected Deputy Governor of Nairobi City County effective 1pm on 31st Jan 2018. I regret I have failed to earn the trust of the Governor to enable me to drive Admin & Management of the county,” he tweeted.