Mary Wangari Wamae Appointed as New Equity Group Executive Director

Equity Group Holdings Plc has appointed its long-serving Group Director of Strategy, Legal Services and Company Secretary Mrs. Mary Wangari Wamae as Group Executive Director overseeing the Group’s subsidiaries.

Mrs. Wamae has had an illustrious career at the Group spanning 14 years. She joined the then building society in 2004 as the Head of Legal Services before her promotion to Company Secretary and Head of Legal Services in 2005

Mrs. Wamae’s new role will include overseeing the management of the Group’s banking subsidiaries in DRC Congo, Rwanda, Uganda, Tanzania and South Sudan.

Her previous position has been split into two roles: Group Director of Legal Services & Company Secretary, which has been taken up by Mrs. Christine Akinyi Browne and Group Director of Strategy, Strategic Partnerships & Investor Relations, taken up by Mr. Brent Malahay.

Prior to her promotion, Mrs. Christine Akinyi Browne worked as the General Manager for Legal, Corporate Banking at Equity Bank.

She joined the bank in 2014 after a six-year stint as principal counsel at East African Development Bank. She is an accomplished legal practitioner and has previously worked at The World Bank and the Industrial Promotion Services (K) Limited (IPS).

Mr. Brent Malahay has worked at the Group since 2016

Mr. Malahay has over 14 years’ experience in financial services with competencies ranging from commercial banking to credit ratings, investment banking, and fund management. He has previously held several high-level positions at global financial institutions, notably Standard Bank, Fitch Ratings, J.P. Morgan and Investec Asset Management.

Speaking on the promotions, Equity Group Managing Director and CEO Dr. James Mwangi said: “These promotions and recent appointments affirm Equity Group as an equal opportunity employer. The Group’s organizational structure is evolving to match the transformation of Equity Group and the complexity of its regional operations.”

“We are reorganizing the structure in line with the Group’s growth as reflected in the capital base, asset base and client base in response to the funding and infrastructure capability as well as to reposition ourselves for opportunities that will open up from the anticipated growth locally and in the region,” added Dr. Mwangi.

These appointments come hot on the heels of the appointments of Polycarp Igathe as the Group Chief Commercial Officer and Julius Kayoboke as the Group Director in charge of Customer Experience and Product Management.

Equity Group Holdings Plc is a regional financial services provider with a footprint that spans six countries with over 12.2 million customers and an asset base of nearly 550 billion shillings. With a market value of 183.9 billion shillings, Equity Group Holdings Plc is now the second largest listed firm in market capitalization at the Nairobi Securities Exchange.