KCB Group Plc appoints Paul Russo as Group Chief Executive Officer

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The KCB Group PLC Board has today appointed Paul Russo as the company’s Group Chief
Executive Officer (GCEO) effective May 25, 2022.

He replaces Mr Joshua Oigara who has been the GCEO for the last nine and a half years. Joshua
will be available for a period of time to support a smooth transition. The appointment follows a
competitively run selection process that kicked off in March 2022.

Paul brings a wealth of experience in banking, operational management, people management,
strategy, and a sharp business acumen. He is currently the Managing Director National Bank of
Kenya and the KCB Group Regional Business Director. He has over 20 years of work experience
spanning executive and key roles including Group Human Resources Director, KCB Group Plc.

He holds an MBA from Strathmore University Business School and a Bachelor of Business
Management from Moi University. He also holds a Senior Executive Program for Africa Certificate
from Harvard Business School and a Higher Diploma in Human Resource Management from the
Institute of Human Resource Management (Kenya).

Paul has consistently been a great leader of outstanding performance. Over the past 8 years while
at KCB, he has been involved in the running of key strategic assignments within the Group

business, lately looking after the regional businesses (KCB’s businesses in Tanzania, Rwanda,
Burundi, Uganda, South Sudan as well as KCB Capital and KCB Bancassurance Intermediary)
and National Bank of Kenya.