Bank of Kigali gets new board chairman

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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.

Bank of Kigali gets new board chairman

Marc Holtzman

“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.

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About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

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