Prime

Dubai Bank raids Kenyan rivals for top management

Dubai Islamic Bank (DIB) managing director Peter Makau (left), head of retail and business banking Dan Omoro (centre) and Sharia manager Jaafar Mohamed Aman during the launch of a new DIB Mobile Banking platform at the bank’s head office in Nairobi May 11, 2018. FILE PHOTO | NMG

By  BRIAN NGUGI

Giant Gulf lender Dubai Islamic Bank’s local subsidiary, DIB Bank Kenya, has hired top executives from leading local rivals, taking its total staff count to 112 as it seeks to gain a toe-hold in the Kenyan market 13 months after its launch.

The Dubai government-owned Upperhill-headquartered financier has poached three staff from tier one lender Barclays Bank of Kenya #ticker:BBK , (BBK), as well as top executives from Stanbic Bank Kenya and Gulf African Bank to help its bid to exclusively offer Shariah compliant banking services in Kenya.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME How CBK will control bank dividend payouts

  2. Why every leader needs to develop a fitness habit

  3. PRIME New technology drives Kenya’s internet growth

  4. PRIME Employers face rising costs from staff’s sitting lifestyle

In the headlines

View All