Gerald Warui has left his position as the Managing Director of Equity Bank Kenya. Warui, who has been with Equity Bank since 1998, has left the lender under what has been termed as early retirement.

“The Board has today… accepted Gerald Warui’s request for early retirement. The Bank wishes to thank Warui for his long and dedicated service to the Group which included heading operations, customer service, HR and finally, Equity Bank Kenya as Managing Director,” a statement from the bank said.

Mr. Warui’s departure comes about two months after long-serving Equity Bank director Mary Wamae left Equity Group Holdings.

Apart from holding the position of Managing Director, Warui had also served as Director for Operations, and Director for Human Resources and Customer Experience.  Warui has been replaced by Moses Nyabanda, Equity Group Holdings Plc’s Group Chief Finance and Strategy Execution Officer as the Acting Managing Director.

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Before joining Equity Group, Mr Nyabanda was the Managing Director and Country Senior Partner for PricewaterhouseCoopers (PwC) in Rwanda and a member of the PwC Eastern Africa leadership team.

“He has a proven track record of leading effective teams, strategic planning, driving business growth and delivering impactful solutions to businesses and governments in Kenya, Rwanda, Uganda, and the United Kingdom,” a statement from the bank said.