Shareholders of I&M Holdings on Wednesday approved its acquisition of corporate advisory company Burbidge Capital. The shareholders approved the plans in a unanimous decision passed at the firm’s 64th Annual General Meeting (AGM) held in Nairobi.
I&M Holdings chairperson Daniel Ndonye told the meeting the firm is pursuing several strategic projects geared at placing it at a vantage position to tap growth opportunities.
“Our group strategy is to emerge as a one-stop-centre for all the financial needs of our customers,” said Mr Ndonye.
During the meeting, I&M Bank Kenya announced the appointment of seasoned banker Kihara Maina as the chief executive officer. He has a strategic brief to guide the bank’s growth to tier one status.