Bank of Kigali, the sector’s leader by market share and asset base has received a new board chairman.
Marc Holtzman who has been a member of the board of the bank takes over as its chairman Lado Gurgendze who tendered in his resignation after the end of his contract that saw him as chairman of the board since 2009.
“The chairman of the board, Mr. Lado Gurgendze who has served on the board since October 2009 has resigned at the end of his service contract,” said Shivon Byamukama, company secretary in a statement released on Friday.
Accordingly, Gurgendze has been instrumental in the growth of the Bank pushing it to the sector’s most profitable financial institution as well as the sector’s most profitable bank.
During his tenure, the bank witnessed a transition to a technology based service provision with adoption of point of sales, electronic and mobile banking, and international smart cards acceptance.
With his vast experience, there is optimism that the new chairman Holtzman will further leapfrog the bank to international levels.
Holtzman holds a Bachelor of Arts degree in Economics from Lehigh University has been serving as a member of the Board of Directors of FTI Consulting and TeleTech.
He has also served on several capacities such as Vice Chairman of Barclays Capital and ABN Amro Bank and served as a member of the Board of Trustees of the United States Space Foundation from 2004 to 2010.
Holtzman was instrumental in the development of the Rocky Mountain Center for Homeland Security while he was president of the University of Denver from 2003 till 2005.