HF Group replaces CEO Frank Ireri after 13 years

Outgoing HF Group CEO Frank Ireri

NAIROBI, KENYA: Mortgage lender Housing Finance has scooped former NIC Bank Director for Retail Banking Robert Kibaara as its new boss.

Mr Kibaara replaces Frank Ireri who has been at the helm of the institution for the past thirteen years.

NIC Bank is set to merge with Commercial Bank of Africa a deal which will likely spark talent movements in the market.

Mr Kibaara move comes at a critical time for the mortgage lender which is on turnaround path targeting investment in digital and retail banking.

HF Group outgoing Group CEO Frank Ireri (left) hands over to the new Group Chief Executive Officer, Mr. Robert Kibaara (centre). The handover was witnessed by HF Group Chairman, Steve Mainda.