Former Nairobi Deputy Governor Polycarp Igathe Confirmed as Equity Bank's CFO

Former Nairobi Deputy Governor Polycarp Igathe has officially been confirmed as Equity Bank’s Chief Commercial Officer (CFO).

The lender confirmed Igathe's appointment alongside that of Julius Kayoboke as Director of Customer Experience and Product Management. The confirmations follow approval by the Central Bank of Kenya (CBK).

Igathe resigned as city's Deputy Governor in January, months after taking oath of office, citing frosted relationship with Governor Mike Sonko.

He served as Vivo Energy Managing Director prior to teaming up with Sonko for Nairobi gubernatorial race ahead of the August 8th 2017 elections.

Igathe has vast experience in corporate world having previously served as CEO of Coca-Cola SABCO, Africa Online, EABL, Haco Industries, Wines of the World and Tiger Brands International.

 “I am lucky and thrilled to join an outstanding and exceptional team of professionals at the iconic Equity Group Holdings renowned for delivery of socio-economic prosperity in Africa," Igathe said when accepting his new appointment.

"I am therefore glad to offer my networks and experience, in the Eastern Africa private sector scene, to grow the Equity brand in the corporate segment of the market."

Equity Chief Executive James Mwangi said the experience the two brings to the company will help take it to new heights.

“The two executives hold broad and deep knowledge, skills, experience, networks and relationships of the Eastern Africa private sector scene and business operating environment," he said.

"Being insiders in the private sector, they will drive acquisition, growth and retention of the clients in corporate sector and high net worth individuals because they understand distribution logistics and the SME value chain, their needs and aspirations."