NIC Bank has hired a former Citibank executive to head its human resources department. Monicah Kihia takes over as the human resources director, replacing David Kiambi who took up a similar position at the Nation Media Group in April.
Ms Kihia held various senior positions in talent management at Citibank. She holds an MBA (Marketing & Strategic Management) from the University of Nairobi and a Bachelor of Education (Mathematics & Economics) degree from Egerton University.
Ms Kihia is the second senior executive to leave Citibank for NIC in recent months. The mid-sized lender last month appointed Ms Esther Ngaine as its non-executive director after she left her position as director of public sector at Citi.
Talent surveys conducted by PricewaterhouseCoopers (PwC) have consistently pointed to scarcity of top talent in the region, forcing companies to respond with wider compensation schemes to retain their senior executives.
The services industry has been the hardest hit, with financial firms like banks, asset managers, and insurers recording some of the highest executive turnovers.
“Companies are offering higher pay as a key talent retention strategy,” Kuria Muchiru, PwC human resource leader for central and southern Africa said during the release of the latest talent survey by the advisory firm.
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