Paul Russo to replace Joshua Oigara as KCB boss

Joshua Oigara’s term at the Kenya Commercial Bank (KCB) has come to an end following a ten-year reign at one of Kenya’s most profitable bank.

Sources reveal that the bank is set to replace Oigara with Paul Russo, who is currently the Managing Director of the National Bank of Kenya (NBK).

Russo served as group head of human resources at KCB before being appointed to run NBK in 2019 after it was acquired by KCB.

He previously worked at Barclays and PwC.

KCB’s growth under Oigara included the acquisition of lenders in Tanzania and Rwanda.

Oigara’s term at KCB was quietly extended by a year in search for his successor.

This was the second extension for the 47-year old who earlier said he was open to ending his nine-year term end of last year.