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Former Nairobi Deputy Governor Polycarp Igathe has secured a top job at one of the country's top banks, months after his resignation from the County Hall.
Nairobi News reports that Igathe has been hired as Equity Bank's Chief Commercial Officer (CCO).
Igathe announced his resignation as Deputy Governor of Nairobi a few months after taking oath of office. He cited failure to win Governor Mike Sonko's trust as his reason for stepping down.
“Dear Nairobians, it is with a heavy heart that I resign my seat as elected Deputy Governor of Nairobi City County effective 1pm on 31st Jan 2018. I regret I have failed to earn the trust of the Governor to enable me to drive Admin & Management of the county."
" Without fear, favour or ill will I step down to avoid abusing or betraying my oath of office to Kenyans, Nairobians and my family. Thank you for the encouraging support given to me so far,” he said in a post on his Twitter account.
Igathe resigned from his position as Managing Director of Vivo Energy to run for Nairobi gubernatorial seat alongside Sonko in last year's general elections. Sources said that Equity Bank will formally announce Igathe’s hiring before the end of the month.
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Igathe has to sit down and learn from Kipng'etich, now CEO of Jubilee Insurance and a previous holder of the position being handed to the former Deputy Governor.
James Mwangi has a kitchen cabinet in Equity Bank. They do not have big titles but the CEO trusts them to death. They are the ones that fix and frustrate senior execs until they leave.
Equity has this awkward tendency to roll the carpet for "big catch" execs but ends up parting ways with them in a disenchanting manner...
Great landing Polycap.I know you will deliver and achieve the mission and vision of Equity alongside my good old friend James Mwangi. Good luck and God's blessings.