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I&M Bank Rwanda announces new executive appointment

The Board of Directors of I&M Bank Rwanda Plc has announced the appointment of Mr. Benjamin Mutimura as the new Chief Executive Officer (CEO), effective 1st July 2023. He takes over from Mr. Robin Bairstow who has stepped down to take on a new position with the I&M Bank group.

Robin Bairstow has been instrumental in leading the growth of the Bank for over seven years which saw him take the Bank public in 2017 and oversee the full implementation of the new Finacle Core Banking System and the construction and move to a new iconic head office building in Kigali. Robin championed digitization with digital onboarding and loans application thus increasing access to finance via a blockchain-powered mobile money application.

During his tenure, the Bank has picked up numerous industry awards for governance, product innovation, diversity and inclusion. Core to this has been the entrenchment of the Group’s culture transformation agenda, resulting in best-in-class staff engagement levels.

Mr. Bonaventure Niyibizi, Board Chairman, I&M Rwanda Plc said “The Board would like to thank Mr. Robin Bairstow for his exemplary service and stewardship during his tenure as the I&M Bank Rwanda Plc CEO. During his tenure the Bank grew three-fold in assets and increased net revenue market share by 35%. Robin has also played a vital role as an advocate for the industry, having been chosen by his peers to lead the Rwanda Bankers’ Association.”

”On behalf of the Board, I would like to welcome the incoming CEO Mr. Benjamin Mutimura as he sets out to harness the full potential of I&M Bank Rwanda by offering best in class financial solutions and a customer-centric approach. The Board is delighted to welcome Benjamin back to I&M Rwanda to lead the business in the ongoing growth strategy”. he added

Benjamin on the other hand was previously the Chief Commercial Officer (CCO) at Bank of Kigali from June 2020 and has been serving as a board member of Bank of Kigali, Capital.

Commenting on the new appointment, Mr. Kihara Maina, Regional CEO, I&M Group Plc said: “We believe that Mr. Benjamin Mutimura is the right leader to drive the delivery of the ambitious growth plans for our next cycle under our Imara 3.0 strategy. He has the requisite business experience and the drive to help us take I&M Bank Rwanda to the next level of growth and development. I thank Robin for his dedicated service and leadership to I&M Rwanda and the Rwanda Banking Industry and welcome the opportunity to tap into his deep experience elsewhere in the Group”.

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