KCB Group has appointed Anthony Mulisa as Regional Treasurer in a bid to leverage the potential for efficient scale to help consolidate, defend and grow the business.
Musila will be tasked with managing and aligning the bank’s treasury function, namely investment portfolios, assets and liabilities, liquidity and funding, interest rate risk, balance sheet optimization and capital management.
“This is to inform you that the Board of Directors of the Group has appointed Anthony Kituyi Mulisa as the Regional Treasurer, who reports to the Group Managing Director,” reads the board notice seen by the Star.
He has over 28 years of banking experience having spent 23 years in large and mid-sized funds in various African markets.
He has served several officers in the treasury of Absa Group and National Bank of Commerce in Tanzania.
The creation of this new position comes at a time when the bank is expanding regionally in a bid to tap into opportunities arising from Africa’s renaissance.
It is expected to leverage the Group’s treasury operations and capitalize on synergies across the seven markets in which the lender operates.
This is expected to see the lender align its operations to achieve uniform positive growth as the regional units complement each other.
In the last financial year, the Group’s businesses (excluding KCB Bank Kenya) contributed to total profitability at 36.7 percent from 12.2 percent.
Profit before tax from businesses stood at Sh17.8 billion from Sh7 billion the previous year. a sign that regional expansion is paying off.
Overall, the Group posted a net profit of £37.5bn, with revenue up 27.2 per cent with strong funded and unfunded lines.
Its total assets crossed the Sh2 trillion mark with a 40 per cent increase to close at Sh2.17 trillion, funded by an increase in customer deposits despite a challenging operating environment.
Revenues rose to $165.2 billion, boosted by financed income from profit, while non-financed revenues—up 33.9 percent—were supported by increased online transactions, adoption of digital banking and alternative channels, entering other markets and business finance trade.
Net interest income rose 23.9%, weathering the high cost of funds in the market.
Musila is also expected to closely monitor the bank’s government bond investments and foreign exchange performance across the region.
Last year, KCB increased its investment in government securities to 397 billion from 295 billion in the previous fiscal year.
He is a certified currency and fixed income trader through ACI-Financial Markets (France) and an associate member of the Chartered Institute of Bankers (ACIB, UK).
He holds a BSc in Financial Services from the University of Manchester and an MBA from Manchester Business School.