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HF Hires Robert Kibaara as New Chief Executive Officer

BY Soko Directory Team · December 19, 2018 05:12 am

HF Group has appointed Mr. Robert Kibaara, the former NIC Bank director of retail banking as its new chief executive officer (CEO) set to take over March 2019.

Mr. Kibaara will officially be replacing Mr. Frank Ireri, the outgoing HF Group CEO who is exiting in March next year. Mr. Ireri has been at the helm of HF Group for 13 years.

The CEO post has been held in an acting capacity by Mr. Sam Waweru, the current managing director of HF’s banking subsidiary, HFC Limited because Mr. Ireri took a medical leave ahead of his retirement.

“The appointment of Mr. Kibaara marks a critical milestone for the group as it comes at a time HF has embarked on a new strategy focusing on full-service banking, with investment in digital and retail banking,” said Mr. Steve Mainda, the chairman of HF.

HF Group has plans to grow into a full-fledged bank, set to focus less on the property market which has been its core business for years and Mr. Kibaara is expected to help steer the plan.

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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