Barclays appoints new Kenya MD as Adan moves to Africa office
Posted Tuesday, November 27 2012 at 14:55
Barclays Bank has appointed Jeremy Awori as managing director for the Kenya unit following Adan Mohamed's promotion to the lender’s Africa office as chief administrative officer.
The appointments take effect from February next year.
Before his appointment, Mr Awori was the chief executive of Standard Chartered Bank Tanzania, and previously worked as regional sales and performance director for the bank in Dubai, United Arab Emirates.
Mr Awori will be reporting to Mr Mohamed under the new structure, which consolidates the bank’s holding on the continent under one wing.
In his new position, based in Nairobi, Mr Mohamed will oversee the bank's operations across Kenya, Uganda, Tanzania (for Barclays and National Bank of Commerce), Seychelles, Zimbabwe, Namibia, Mozambique, Ghana and Nigeria. He will also sit on the boards of the banks in the 10 countries.
"As part of our One Africa Strategy, we are continuing with efforts to join our capabilities and our people across Africa not only to become one bank but also to uniquely position ourselves to deliver a superior client experience on the continent,” said Kennedy Bungane, Barclays Africa chief executive and head of Africa Group Strategy in a statement.
“Adan’s performance at Barclays Kenya fits the profile of the leadership we seek; to drive an ambitious Pan-African foray that touches the entire financial services spectrum as the leading financial services group in the continent.”
The reorganisation plan dubbed ‘One Africa’ will be completed next year and involve the merger of Barclays’ Africa operations with that of its South African subsidiary Absa Bank.
Barclays acquired a 56 per cent stake in South Africa's third-largest bank in 2005 but the two have remained separate entities outside South Africa - in one case, Tanzania, running parallel operations in the same country.
Barclays Plc is expected to merge operations in Ghana, Kenya, Botswana, Zambia, Uganda and Tanzania with Absa into an Africa unit and the shareholding of the Kenyan unit will be held Barclays Africa Limited.
The London based bank will remain the majority shareholder of the combined African operations.