× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Barclays Kenya merges retail, business banking units

By Paul Wafula | February 5th 2016

NAIROBI: Barclays Bank of Kenya has merged the retail and business banking departments in a move likely to push some top managers out of the bank. The corporate department remained untouched. The bank has appointed Zahid Mustafa as director of retail and business banking. He was until his appointment the director of retail banking. Insiders say Humphrey Muturi, who joined the bank from Standard Chartered, will now be reporting to Mustafa. In his new role, Zahid will oversee the growth of the retail and business banking units, which are the bank’s growth engines. “Barclays is confident these changes will play a big role in the development and execution of strategy,” the bank said. Barclays has also appointed Susan Situma as the Head of Enterprise Banking. Susan joins Barclays from Kenya Commercial Bank where she served as the Head of SME & Agribusiness. The move comes weeks after the bank’s parent company announced it will close its regional management office in Nairobi next month and shift all support role to its South Africa premises. This saw the redeployment of over 30 staff based in Nairobi but the bank said will not affect Barclays Bank Kenya employees.

Share this story
Kenya in new austerity plan as KRA fails to meet targets
Treasury has warned that ministries and agencies that have not utilised their budgets might have their amounts reallocated.
Survey: Why 40 pc of workers want to quit their jobs
More than half of 18 to 25 year-olds in the workforce are considering quitting their job. And they are not the only ones.