Equity appoints a director for its subsidiaries

Equity Group has engaged Mary Wangari Wamae, longtime director, as the new executive director of the group overseeing the company's subsidiaries. Ms. Wamae, who served as Secretary of Equity and Director of Strategy and Legal Services, became the senior executive of the bank and the CEO of James Mwangi

. Ms. Wamae has worked for the lender for 14 years

She will be responsible for overseeing the management of the group's banking subsidiaries in the DRC, Rwanda, Uganda, Tanzania and South Sudan.

"These promotions and recent appointments affirm" The organizational structure of the group evolves with the transformation and complexity of its regional operations, "he added.

Ms. Wamae, a senior lawyer, joined the lender when he was a construction company in 2004 as chief of legal services before his promotion to the company secretary in 2005.

Three years later, she became director of corporate strategy, legal services In 2014, Ms. Wamae was promoted to Director of Strategy, Legal Services and Corporate Secretary, a position she held until 2014, when she was promoted to the position of Corporate Secretary. At his recent promotion

His previous position was split into two positions of Director of Legal Services and Corporate Secretary Christine Akinyi Browne, Director of Strategy, Partnerships strategic partnerships and investor relations taken over by Brent Malahay, said:

Ms. Wamae was the team leader to facilitate the first strategic investment in Equity Bank by AfriCap Microfinance Fund in 2002. The bank has said in a statement that she led the group over the next several years in several strategic projects. They include the conversion of Equity Building Society into a bank in 2004, the listing of the bank on the Nairobi Stock Exchange in 2006 and its private capital raising of 185 million dollars (18.5 billion shillings). ) by Helios EB Investors in 2007.