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National Bank of Kenya appoints CEO

National Bankof Kenya Ltd. named Wilfred Musau managing director and CEO,effective Oct. 10.

Musau, who had been in the role on an interim basis sinceApril, will serve an initial five-year term. He joined the lender in September2015 as the director in charge of the retail and premium banking division.

Former CEO and Managing Director Munir Ahmed the bank in April afterbeing placed on forced leave a month earlier amid an ongoing internal audit.