Fomer KCB group #ticker:KCB regional business director Paul Russo has formally taken over as the managing director of National Bank of Kenya (NBK), effectively ending Wilfred Musau’s tenure at the capital-constrained bank.
Mr Russo has received approval from the Central Bank of Kenya (CBK) on Thursday and will now oversee the transitional two-year period that will culminate into full absorption of NBK into KCB Group.
