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KCB appoints designate NBK Managing Director ahead of acquisition

Paul Russo, KCB Group's appointed designate Managing Director of NBK.

KCB Group is set to take over control of National Bank of Kenya (NBK) this week after receiving regulatory approvals for acquisition.

KCB has appointed Paul Russo as the designate Managing Director of NBK for the transitional 2-year period of its integration into KCB, subject to fit and proper approval by the Central Bank of Kenya (CBK).

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