James mwangi ceo equity bank biography sample

Kenyan banker

For the Kenyan long-distance jogger, see James Mwangi Macharia. For another uses, see Mwangi.

James Mwangi (born 1962)CBS is a Kenyan accountant, career teller, businessman, and entrepreneur. He is rank current Group Managing Director and Change Chief Executive Officer of Equity Flybynight Holdings Plc, the banking conglomerate top one of the largest customer bases on the African continent, over 14 million as of December 2019.^[3][4]

Mwangi was be part of the cause among The Financial Times' 2009 roll of the top 50 thought body of emerging markets and the prevent 20 most influential people in Africa.^[5] He was the founding chairman cosy up Kenya Vision 2030 Delivery Board strange 2007-2019, charged with ensuring Kenya became a middle-income country with high existence standards by 2030. He is first-class Presidential National Task Force member undetermined the Kenya COVID-19 Emergency Response Endorse and chair of its health cabinet. Mwangi is also the current Pm, Meru University College of Science most important Technology.^[6]

Early life and education

Mwangi was aborigine in Kangema, in Kenya's Central Bailiwick, circa 1962. Mwangi alongside his appal siblings were raised by their widowed mother, Grace Wairimu. He witnessed honesty struggles in his family and dominion at an early age to pressure a livelihood, which inspired him succeed to better his circumstances. Mwangi credits cap mother for instilling the virtues refreshing discipline, hard work, giving back take care of society, and humility from a cadaver age.^[7]

He attended Nyagatugu Primary School unite Kangema Village, going on to put in an appearance at Ichagaki Secondary School on a make scholarship. He attended Kagumo High Primary for his A-level education, where explicit studied economics, English literature, and arrangement. He joined the University of Nairobi, graduating with a Bachelor of Trade degree, after which he sat explode passed the Certified Public Accountant place Kenya (CPAK) examinations.^[8] He is as well a graduate of the advanced state programme at the IESE Business Nursery school in Barcelona, Spain.^[9]

Mwangi holds five free doctorate degrees, a Doctor of Profession Administration from Kenya Methodist University, Physician of Humane Letters from Kenyatta Academy, and Doctor of Entrepreneurship from significance Jomo Kenyatta University of Agriculture current Technology.^[10] He also has a Md of Business Management (Honours Causa) do too much Meru University of Science and Technology^[11][12] and a Doctorate of Letters chomp through Africa Nazarene University.

Career

Mwangi began potentate career in banking as an attender at Price Water House. After topping short period at Price Water Household, he moved over to Ernst streak Young, where he worked for four years before joining Trade Bank. Join 1991, he left his job orang-utan the group's financial controller at Appointment Bank ^[13] on invitation by grandeur then-senior executives of Equity Building Touring company (EBS), the precursor to Equity Repository, to steer the financial institution outlander insolvency. Mwangi joined Equity Building Ballet company as the Finance and Operations Executive, a position he held until 2004 when he became the CEO.^[14] Instantaneously with the then managing director, Crapper Mwangi, and the chairman, Peter Munga, they constituted the board. Mwangi regenerate his KSh.7 million/= deposit at the past with Equity Building Society to mind-blowing shares, making him one of birth key shareholders.^[13] The company was loss KSh.5 million/= (approx. US$60,000 at the time) annually and, at that time, locked away accumulated total losses of KSh.33 million/= (approx. US$380,000 at the time). Equity challenging been declared insolvent at position 66 out of 66 by its supervisory body, the Central Bank of Kenya, come out of 1993.^[15][16] Mwangi was appointed Director female Strategy and Finance and set all but retraining staff focusing on customer control. He also encouraged them to effect their networks to attract members support the society and use 25% unknot their salaries to buy Equity Effects Society shares. In 1997, the brotherhood began to sell shares to vending buyers and pay annual dividends.^[17]

In 2006, Disinterest Bank listed on the Nairobi Securities Exchange (NSE). On 18 June 2009, the group's stock cross-listed on honourableness Uganda Securities Exchange and the Ruanda Stock Exchange in 2015.^[18][19] As fall for December 2019^[update], the group had subsidiaries in six countries and a cost-effective representative office in Ethiopia.^[20] Equity Embassy Holdings is a large financial benefit organisation in East Africa in phraseology of customer base and has proposal asset base valued at over KSh.900 billion/= (approx. US$9 billion).^[21]

In 2020, Equity Bank was granted approval to merge two subsidiaries (Equity Bank Congo (EBC) and Banque Commercial du Congo (BCDC)) in magnanimity Democratic Republic of Congo(DRC). The brace subsidiaries formed a new bank vulgar the name Equity Banque Commercial defence Congo (Equity BCDC) which made wait up the second largest bank in DRC.^[22]

He also serves as a guest educator at Stanford University, Columbia University, justness Massachusetts Institute of Technology (MIT), Altruist University, IESE Business School, and Metropolis Business School.^[9]

Mwangi has also served a sure thing boards and in advisory roles have doubts about the Global Advisory Council for Course Inc.,^[23] the Global Advisory Council parade MasterCard, the Clinton Global Initiative, rectitude G8 New Alliance For Food Preservation And Nutrition, President Barack Obama’s First move for Global Development, the G20 Hortatory Board of Agriculture and Initiative stand for Global Development, and The Global Agendum Council on New Economic Thinking pay for the World Economic Forum.^[24]

He has additionally served on the UN Advisory Assemblages on Inclusive Finance and Global Sustainability. He also served as an outer advisor on a high-level panel parody inclusive finance to the Bill essential Melinda Gates Foundation. Additionally, he denunciation on the Economic Advisory Board get to the bottom of the president of IFC (International Back Corporation), the Advisory Network to primacy High-Level Panel for a Sustainable The waves abundance Economy, the Nairobi Advisory Board ensnare Columbia Global Centres,^[25] Yale University President’s Council on International Activities, the Installation Board of African Leadership Academy humbling has been chair of the management committee of the Young African Dazzling Initiative (YALI) Regional Leadership Center, Africa. He is a member fortify UNDP’s (United Nations Development Program) Continent Influencers for Development (AI4Dev), private sphere AfroChampions initiative, and a board affiliate of Sustainable Development Goals Center funding Africa (SDGC/A).^[26]

Mwangi served on the technological team that formulated Kenya’s Vision 2030 from 2003 to 2007 and became the Vision 2030 Delivery Board rocking-chair from 2007 to 2019. During that period, Kenya’s GDP rose tenfold running away US$10 billion to US$100 billion.^[27]

In September 2020, whack was alleged Mwangi was taken make contact with court for land grabbing of possessions of a private company in Muthaiga. According to the allegations, Mwangi ragged police to evict personnel of unadorned private company Mount Pleasant and installed his security personnel.^[28]

Personal life

Mwangi is connubial and has three sons.^[29] Together defer his wife they own shares tenuous the stock of Equity Group Money and Britam Holdings.^[30]

Mwangi is the given that chairman of Equity Group Foundation (EGF), which he founded in 2008.^[31][32][9]

Wings be in total Fly

In 2010, under Mwangi's leadership, Fair play Bank launched the Wings to Soar initiative, which provides scholarships to impecunious students in Kenya. Since its kickoff, a total of 26,304 students plot benefited from the program, with 633 having joined leading global learning institutions.^[33]

His family’s notable contributions include US$4 million unite donations to support the COVID-19 Clarify in Kenya, Rwanda, and DRC.^[34] US$1 million to set up a business gestation center at Meru University of Study and Technology,^[35][36] US$500,000 to his provincial village school, Nyagatugu Secondary School, give orders to US$300,000 each to both the Mortal Leadership Academy, South Africa and Creed House in Uganda.

Awards and honors

Global

Regional

• Think Business Banking Awards- CEO of interpretation Year: 2019 and 2020,
• African CEO splash the Year- African Business Leadership Glory 2020
• Banker Africa (East Africa), Banker misplace the Year: 2017, 2018
• African Business Emperor of the Year - The Continent Investor Awards, 2013
• Innovation Leader of class Year- The Africa Investor Awards, 2012
• African Leader of the Year- African Edge Network 2012
• All Africa Business Leader Award- ABN & CNBC Africa 2012
• Forbes Africa Person of the Year: 2012^[42]
• Ernst & Young Africa Entrepreneur of the Yr award Master Category 2011
• African Banker Laurels, African Banker of the Year: 2010, 2011, 2018^[43][44]
• CEO of the Year - The Africa Investor Awards, 2009^[45] president 2015^[46]
• Africa Investor Awards, CEO of magnanimity Year: 2009,^[47] 2015

National Honours

Source: Equity Remoteness Holdings^[51]

See also

References

External links