KCB Bank Group has appointed Joshua Nyamweya Oigara as the new CEO for the Group. As reported on the KCB twitter page, Oigara has been appointed to replace Martin Oduor-Otieno as the Group's Chief Executive Officer.

KCB GROUP has appointed Joshua Oigara @joshuaoigara as the new Chief Executive Officer of the Group.

— KCB Bank Group (@KCBGroup) November 29, 2012

Oigara came top amongst the interviewees in the final shortlist for the position. Oigara will take over from Oduor-Otieno who is set to retire in April next year. KCB Bank group is the biggest bank in Eastern Africa in assets with an asset base of KES 322 billion.

[caption id="attachment_26288" align="alignright" width="90"] Joshua Oigara[/caption]

Oigara joined KCB in November 2011 from Bamburi Cement Limited where he served as an Executive Director and the Group Finance Director for the East Africa region. He is an MBA graduate from the Edith Cowan University (ECU) in Australia and has a Bachelor of Commerce (Accounting) degree from the University of Nairobi. He is a Certified Public Accountant of Kenya and a member of the Institute of Certified Public Accountants of Kenya.

The position advertised in early October required the incoming CEO to be an experienced person who must have managed blue chip banks or corporates with an asset base of at least KES 297.5 billion (USD 3.5 billion).

This appointment, however, was no surprise to pesatalk as sources within the company had informed us of his imminent appointment yesterday.

Martin Oduor-Otieno joined the bank in 2005 and served as the Director of all KCB Group Companies, including mortgage division S&L. He has previously served as the Chairman of Kenya Bankers Association (KBA).

Read KCB Finance Officer Could replace Oduor.