CIB Kenya has announced the appointment of Abhinav Nehra as its new Chief Executive Officer (CEO) and Managing Director. Nehra, who brings over 30 years of experience in the banking and payments sector, is poised to lead the institution into its next phase of growth. His career spans across Africa, Asia, and other emerging markets, making him a highly experienced and well-rounded leader in the financial services industry.
Throughout his career, Nehra has held significant leadership positions at several prominent financial institutions, including CitiGroup, the United Bank for Africa (UBA), Network International, and Ecobank Transnational. His extensive experience in managing and restructuring complex portfolios, as well as his success in driving growth across multiple regions, positions him as an ideal candidate to lead CIB Kenya.
One of Nehra’s notable achievements was his leadership in managing and restructuring Ecobank Transnational’s retail and commercial banking portfolio, which operates in 34 African countries. His efforts resulted in enhanced operational efficiency and improved market presence. Additionally, Nehra played a key role in expanding UBA’s retail financial services from just 2 markets to 16, a move that significantly boosted the bank’s reach and customer base across Africa.
At Network International, Nehra was instrumental in overseeing operations in Francophone and East Africa, helping to scale Africa’s largest “Payment as a Service” platform. His work at CitiGroup in India also stands out, where he built and scaled CitiFinancial India into one of the most profitable consumer finance franchises within the organization.
Tom Gitogo, Chairman of the Board at CIB Kenya, expressed confidence in Nehra’s ability to lead the bank to new heights. Gitogo emphasized that Nehra’s proven track record of driving growth and innovation aligns with the strategic goals of CIB Kenya. Under Nehra’s leadership, the bank is expected to explore new opportunities and continue to innovate in the banking sector.
In his statement, Nehra expressed enthusiasm about his new role and the opportunities ahead. He highlighted the bank’s focus on delivering innovative solutions that improve clients’ financial experiences and contribute to financial inclusion in Kenya. Nehra’s appointment signals a new era for CIB Kenya as it looks to strengthen its position in the competitive banking landscape.
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