KCB picks Paul Russo to head NBK for the transitional 2 year period

KCB Group has picked Paul Russo to head the National Bank of Kenya for the transitional 2 year period of its integration into KCB subject to fit and proper approval by the Central Bank of Kenya (CBK).

Mr. Russo serves as KCB Group’s director of Regional Business will now lead the transitional period.

CBK had on Monday 2 September approved KCB’s 100% acquisition of NBK. In addition, the Competition Authority of Kenya had earlier given the deal a clean bill of health

KCB plans to fully integrate NBK into its operations within 24 months during which a number of integration decisions will be taken to structure NBK in delivering more value to the customers.