Corporate News
A banking hall. The different margins banks offer potential borrowers
reflect the risk for the perceived class of credit rating. PHOTO | FILE
By DAVID HERBLING
KCB’s chief financial officer Collins Otiwu has been replaced after holding the job for one year.
The Business Daily has learnt that Mr Otiwu left
KCB last month and has been replaced in an acting capacity by Charles
Lang’at, formerly the director of audit at the bank.
KCB hired Mr Otiwu from Equity Bank,
where he served for less than two years as chief financial officer. He
was appointed in June 2013. It is not clear why he left the bank after
such a short stint.
Joshua Oigara, the CEO, and Mr Otiwu had not responded to our queries on the matter by the time we went to press.
Mr Oigara served as CFO of the bank from January 2012 prior to his appointment to the corner office in January 2013.
Mr Otiwu holds an MBA in Finance from Warwick
Business School, United Kingdom, and a B.Com degree in accounting from
the University of Nairobi.
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