National Bank picks Peter Kioko Acting MD

By Monica Muema

The Board of National Bank of Kenya (NBK) Monday announced the appointment of Peter Kioko as the acting Managing Director for the Bank, effective June 10, 2022.

The position became vacant following the appointment of Paul Russo as the KCB Group PLC Chief Executive Officer on May 25, 2022.

Announcing the appointment, Mr Russo: “KCB Group is delighted to have Peter steer Bank to greater heights. Peter has played a pivotal role in driving the transformation of National Bank. Hence his appointment reflects our commitment to continue strengthening the business.”

Peter is currently the Director, Finance and Strategy at NBK, having joined the bank in November 2016.

He brings to this new role, over 25 years of cumulative financial management experience having served in an array of leadership roles in various local and international organizations. This includes East African Breweries Group Limited as the Head of Risk & Audit, Stanbic Bank as the Finance Manager – Corporate and Investment Banking as well as the Kenya Shell / BP Limited as the Group Financial Controller.

Prior to joining National Bank, he worked at EABL as the Finance Director. He holds a Bachelor of Commerce (Accounting Option) from the University of Nairobi, a Post Graduate Diploma from the University of Bradford, and is a Certified Public Accountant. He is also a member of ICPAK.