Tuesday, Aug 4, 2020
HomeEconomyProfessor Isaac Macharia takes over from Ansell as Equity Group board Chair

Professor Isaac Macharia takes over from Ansell as Equity Group board Chair

Professor Isaac Macharia takes over from Ansell as Equity Group Board Chair

By Daisy Okanga | Professor Isaac Macharia has been appointed as the Chair of the Equity Group board. 

He takes over from David Ansell who did not offer himself for re-election at the 16th Equity Group’s Annual General Meeting on June 30, 2020.

David Ansell is a long-time global banker. In Africa he served as Chief Executive Officer and Managing Director at Ecobank Transnational Inc. and as the Regional Director for Citibank in Kenya.

Dr. James Mwangi, Managing Director and CEO of Equity Group paid tribute to David Ansell saying, “I have personally gained much insight from David’s leadership and especially from his immense knowledge and expertise in asset liability and risk management. David will always be a valued member of the Equity family.”

Prof. Macharia joined Equity Bank Kenya Board in 2015 and became the Chair in 2017.

He led the Equity Bank Kenya Board in donating Ksh 300Million to match a similar amount donated by the family of Dr. Mwangi and Ksh500 million from Mastercard Foundation towards a mobilisation effort by Equity Group Foundation (EGF) that raised a total of Ksh1.1 billion when the prevailing COVID-19 crisis was declared a global pandemic.

 “I thank David Ansell for his capable and adept leadership of the Board. During his tenure, the Board has been guided to support the Company and its goals to achieve excellence in both profitability and purpose and it has exceeded expectations,” said Professor Macharia.

David Ansell has retired after serving the Board diligently for nine years.

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