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Standard Chartered bank appoints new CEO

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Kariuki Ngari has been appointed the new CEO for Standard Chartered Bank, Kenya.

Ngari takes over from Lamin Manjang, who has been appointed CEO for Nigeria and West Africa.

Announcing the appointments on Thursday, Sunil Kaushal, the regional CEO for Africa and Middle East, said Kariuki brings 23 years of banking experience, having served more recently as the group head for service quality in group retail banking.

Prior to this, Ngari served as global head for retail distribution.

Lamin joined the bank in 1999.

While the bank said the appointment of a cluster CEO for East Africa will be announced in due course, it also announced that Bola Adesola has been appointed as senior vice chairman, Africa.

Adesola will be responsible for supporting the execution of the Bank’s strategic intent within the Africa region.

“She will also lead as a senior banker on key relationships and transactions,” read part of a statement.

Bola joined the bank in March 2011 and has served as CEO for Nigeria and West Africa for seven years, prior to which she was executive director on the board of First Bank of Nigeria Plc.

“In Africa and Middle East we have made investments in our people both in their career and personal development, and continue to support our people strategy to build a high-performance culture,” Kaushal said.

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