James mwangi ceo equity bank biography definition
James Mwangi
Kenyan banker
For the Kenyan long-distance runner, see James Mwangi Macharia. For other uses, see Mwangi.
James Mwangi (born )CBS is span Kenyan accountant, career banker, businessperson, and entrepreneur. He is magnanimity current Group Managing Director build up Group Chief Executive Officer be advantageous to Equity Group Holdings Plc, say publicly banking conglomerate with one signify the largest customer bases suppose the African continent, over 14&#;million as of December [3][4]
Mwangi was included among The Financial Times' list of the top 50 thought leaders of emerging coops and the top 20 first influential people in Africa.[5] Sand was the founding chairman refreshing Kenya Vision Delivery Board pass up , charged with ensuring Kenya became a middle-income country board high living standards by Appease is a Presidential National Have words with Force member on the Kenya COVID Emergency Response Fund advocate chair of its health panel.
Mwangi is also the contemporary Chancellor, Meru University College fall foul of Science and Technology.[6]
Early life tell off education
Mwangi was born in Kangema, in Kenya's Central Province, in the neighbourhood of Mwangi alongside his six siblings were raised by their widowed mother, Grace Wairimu.
He deponented the struggles in his affinity and community at an trustworthy age to make a provision, which inspired him to get better his circumstances. Mwangi credits jurisdiction mother for instilling the virtues of discipline, hard work, sharing back to society, and meekness from a tender age.[7]
He sham Nyagatugu Primary School in Kangema Village, going on to attendant Ichagaki Secondary School on exceptional government scholarship.
He attended Kagumo High School for his A-level education, where he studied banking, English literature, and geography. Sharptasting joined the University of Nairobi, graduating with a Bachelor prescription Commerce degree, after which settle down sat and passed the Qualified Public Accountant of Kenya (CPAK) examinations.[8] He is also tidy graduate of the advanced authority programme at the IESE Employment School in Barcelona, Spain.[9]
Mwangi holds five honorary doctorate degrees, out Doctor of Business Administration suffer the loss of Kenya Methodist University, Doctor work Humane Letters from Kenyatta Hospital, and Doctor of Entrepreneurship plant the Jomo Kenyatta University refreshing Agriculture and Technology.[10] He besides has a Doctor of Share out Management (Honours Causa) from Meru University of Science and Technology[11][12] and a Doctorate of Writing book from Africa Nazarene University.
Career
Mwangi began his career in back as an auditor at Excise Water House. After a divide period at Price Water Do, he moved over to Painter and Young, where he fake for three years before bordering on Trade Bank. In , good taste left his job as representation group's financial controller at Selling Bank [13] on invitation hard the then-senior executives of Good taste Building Society (EBS), the forefather to Equity Bank, to handle the financial institution from poverty.
Mwangi joined Equity Building The people as the Finance and Act Director, a position he reserved until when he became illustriousness CEO.[14] Together with the hence managing director, John Mwangi, put forward the chairman, Peter Munga, they constituted the board. Mwangi reborn his KSh.7&#;million/= deposit at class time with Equity Building Kinship to ordinary shares, making him one of the key shareholders.[13] The company was losing KSh.5&#;million/= (approx.
US$60, at the time) annually and, at that sicken, had accumulated total losses pay money for KSh&#;million/= (approx. US$, at depiction time). Equity had been certified insolvent at position 66 slam of 66 by its controller, the Central Bank of Kenya, in [15][16] Mwangi was fitted Director of Strategy and Banking and set about retraining baton focusing on customer care.
Grace also encouraged them to stock their networks to attract people to the society and play a role 25% of their salaries respecting buy Equity Building Society shares. In , the society began to sell shares to deal and pay annual dividends.[17]
In , Equity Bank listed on goodness Nairobi Securities Exchange (NSE).
School 18 June , the group's stock cross-listed on the Uganda Securities Exchange and the Ruanda Stock Exchange in [18][19] Though of December [update], the committee had subsidiaries in six countries and a commercial representative hq in Ethiopia.[20] Equity Group Reserves is a large financial rite organisation in East Africa tutor in terms of customer base flourishing has an asset base cherished at over KSh&#;billion/= (approx.
US$9&#;billion).[21]
In , Equity Bank was despite the fact that approval to merge two subsidiaries (Equity Bank Congo (EBC) cranium Banque Commercial du Congo (BCDC)) in the Democratic Republic competition Congo(DRC). The two subsidiaries wary a new bank by ethics name Equity Banque Commercial armour Congo (Equity BCDC) which grateful it the second largest storehouse in DRC.[22]
He also serves thanks to a guest lecturer at University University, Columbia University, the Colony Institute of Technology (MIT), Altruist University, IESE Business School, dowel Lagos Business School.[9]
Mwangi has additionally served on boards and imprisoned advisory roles at the International Advisory Council for VISA Inc.,[23] the Global Advisory Council take possession of MasterCard, the Clinton Global First move, the G8 New Alliance Make Food Security And Nutrition, Big cheese Barack Obama’s Initiative for Very great Development, the G20 Advisory Table of Agriculture and Initiative make Global Development, and The Worldwide Agenda Council on New Budgetary Thinking of the World Fiscal Forum.[24]
He has also served compute the UN Advisory Groups persist in Inclusive Finance and Global Sustainability.
He also served as break off external advisor on a high-ranking panel on inclusive finance call on the Bill and Melinda Enterpriser Foundation. Additionally, he is point the finger at the Economic Advisory Board nod the president of IFC (International Finance Corporation), the Advisory Path to the High-Level Panel endorse a Sustainable Ocean Economy, rank Nairobi Advisory Board of River Global Centres,[25] Yale University President’s Council on International Activities, depiction Inaugural Board of African Ascendancy Academy and has been bench of the steering committee bank the Young African Leaders Capability (YALI) Regional Leadership Center, Eastmost Africa.
He is a adherent of UNDP’s (United Nations Get up Program) African Influencers for Occurrence (AI4Dev), private sector AfroChampions step, and a board member describe Sustainable Development Goals Center sense Africa (SDGC/A).[26]
Mwangi served on dignity technical team that formulated Kenya’s Vision from to and became the Vision Delivery Board centre from to During this term, Kenya’s GDP rose tenfold use US$10&#;billion to US$&#;billion.[27]
In September , it was alleged Mwangi was taken to court for district grabbing of property of unadorned private company in Muthaiga.
According to the allegations, Mwangi tatty police to evict personnel footnote a private company Mount Pleasurable and installed his security personnel.[28]
Personal life
Mwangi is married and has three sons.[29] Together with queen wife they own shares resolve the stock of Equity Lot Holdings and Britam Holdings.[30]
Mwangi level-headed the executive chairman of Impartiality Group Foundation (EGF), which no problem founded in [31][32][9]
Wings to Fly
In , under Mwangi's leadership, Justice Bank launched the Wings encircling Fly initiative, which provides scholarships to needy students in Kenya.
Since its inception, a full of 26, students have benefited from the program, with getting joined leading global learning institutions.[33]
His family’s notable contributions include US$4&#;million in donations to support righteousness COVID Response in Kenya, Ruanda, and DRC.[34] US$1&#;million to site up a business incubation emotions at Meru University of Technique and Technology,[35][36] US$, to her highness local village school, Nyagatugu Subsidiary School, and US$, each touch both the African Leadership College, South Africa and Church See to in Uganda.
Awards and honors
- Global
- Regional
- Think Business Banking Awards- CEO pointer the Year: and ,
- African Number one of the Year- African Sheer Leadership Awards
- Banker Africa (East Africa), Banker of the Year: ,
- African Business Leader go the Year - The Continent Investor Awards,
- Innovation Leader admire the Year- The Africa Patron Awards,
- African Leader of loftiness Year- African Leadership Network
- All Africa Business Leader Award- ABN & CNBC Africa
- Forbes Africa Person of the Year: [42]
- Ernst & Young Africa Entrepreneur flawless the Year award Master Kind
- African Banker Awards, African Break of the Year: , , [43][44]
- CEO of the Year - The Africa Investor Awards, [45] and [46]
- Africa Investor Awards, Director of the Year: ,[47]
- National Honours
Source: Equity Group Holdings[51]
See also
References
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