KCB has appointed its HR Director Paul Russo as the new boss of Chase Bank. The nation's largest bank was picked by Central Bank Of Kenya to take over the distressed SME lender raising eyebrows.
This is because Kenya Deposit Insurance Corporation, the appointed receiver of Chase, is chaired by KCB chief executive Joshua Oigara.
Russo was recruited from South African lender Absa about two years ago.
The Strathmore MBA holder has also worked with PWC, an auditing firm.
The deployment of Russo comes ahead of Chase reopening its doors to the public next week.