Equity Bank Group: Annual Report 2011

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Equity Bank Group: Annual Report 2011

EQUITY BANK LIMITED AND SUBSIDIARIES

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2011

EQUITY BANK LIMITED AND SUBSIDIARIES

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2011

28 Board of Directors

The Executive Management 29

JOHN STALEY – NON-EXECUTIVE DIRECTOR EQUITY BANK UGANDA,

RWANDA, TANZANIA

Mr Staley has a Masters of Science in Applied and Computational Mathematics and

a Bachelor of Science in Physics. He also holds a Bachelor of Commerce degree

and is a qualified Chartered Accountant. A specialist in implementing cost effective

ICT solutions, John worked as the CEO of Credit Indemnity (Pty) Ltd in South Africa

before joining Equity Bank.

ELIZABETH LWANGA – NON-EXECUTIVE DIRECTOR EQUITY BANK UGANDA

Ms. Lwanga has over thirty years experience in international development work

with emphasis on Africa. She worked with the All Africa Conference of Churches

as Communications Director; with the United Nations Development Programme

as Head of UNDP’s global Gender In Development Programme; and as Resident

Representative and United Nations Resident Coordinator in Sierra Leone, Swaziland

and Kenya. She also served as UNDP’s Deputy Regional Director for Africa.

DR JAMES MWANGI, CBS – CEO & Managing Director

James holds five Honorary doctorate degrees in recognition of his contributions to the

Kenyan society. He holds a Bachelor of Commerce degree and is a Certified Public

Accountant. James has been honoured twice with Presidential national awards. He

was vested the First Class Chief of the Order of the Burning Spear (CBS) national

decoration-the highest presidential award to a civilian, for outstanding contribution in

economic development. He is currently the Chairman of Kenya’s Vision 2030 Delivery

Board charged with the responsibility of ensuring Kenya becomes a middle income

country with global high standards of living by the year 2030. James serves on several

international bodies as an advisor and sits on the Board of the Africa Leadership

Academy in South Africa. James has wide experience in the banking industry and

inclusive finance.

MARY WAMAE – Company Secretary and Director of Corporate Strategy

Mary holds an LLB degree from the University of Nairobi, a Diploma in Law from the Kenya

School of Law and is a Certified Public Secretary (Kenya). She is a graduate of Advanced

Management Programme (Strathmore - IESE Business School, Barcelona Spain ). She is

an Advocate of the High Court of Kenya and holds a Post Graduate Diploma in Gender and

Development and has over 13 years private practice experience.

PROF GEORGE ALIBARUHO – NON-EXECUTIVE DIRECTOR EQUITY BANK

UGANDA

Prof. Alibaruho holds a Ph.D degree (Economics), University of California. He has

worked in various capacities for the United Nations, Economic Commission for

Africa, World Bank, International Research Institute in Washington DC. He is a

Member Global Register’s WHO’S WHO in Executives and Professionals Rockefeller

Foundation Fellowship & a Fellowship with CGIAR. He is currently the Dean of Kabale

University in Uganda.

MARY WAMAE – COMPANY SECRETARY

Mrs. Wamae holds an LLB degree from the University of Nairobi, a Diploma in Law

from the Kenya School of Law and is a Certified Public Secretary (Kenya). She is a

graduate of Advanced Management Programme (Strathmore - IESE Business School,

Barcelona Spain ). She is an Advocate of the High Court of Kenya and holds a Post

Graduate Diploma in Gender and Development and has over 13 years private practice

experience.

GERALD WARUI – Director of Human Resource and Customer Experience

Gerald is a Certified Public Accountant (CPA K) and a graduate of Advanced Management

Program offered by Strathmore-IESE Business School, Barcelona Spain. A career banker,

Gerald has served in Equity Bank for 14 years.

JOHN STALEY – Director of Mobile Banking and Payment Innovations

John has a Masters of Science in Applied and Computational Mathematics and a Bachelor of

Science in Physics. He also holds a Bachelor of Commerce degree and is a qualified Chartered

Accountant. A specialist in implementing cost effective ICT solutions, John worked as the CEO

of Credit Indemnity (Pty) Ltd in South Africa before joining Equity Bank.

PAUL NJAGA – Chief Finance Officer

Paul holds a Masters degree in Business Administration (Finance) from the University of

Manchester (UK) and Bachelors degree (Hons) in Economics. Paul is also a UK Chartered

Institute of Securities & Investment Diploma holder (Derivatives & Fixed Income Securities

products) and a Certified Public Accountant (CPA K). Prior to joining Equity, Paul worked in

London, UK, for BNP Paribas where he led the Policy & Projects Group. Whilst in London, Paul

also served as the Deputy Chairman of Association for Financial Markets in Europe (AFME) and

London Investment Banking Association (LIBA) accounting committees. Earlier in his career,

Paul worked as a Senior Manager with PricewaterhouseCoopers UK & Kenya offices.

MAURICE A EWING, PhD, FRM – Chief Risk Officer

Maurice has a PhD and MA in economics from Princeton, a BA in economics and mathematics

from Northwestern and the Chartered FRM from GARP. He has wide experience in all major

areas of risk management, including: market, credit, operational and strategic risk across more

than 30 emerging, newly-EU markets & Greece. He is a contributor to the Harvard Business

Review and advisor to Federal Reserve Chairman, Ben Bernanke.

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