Mr. Cosmas Kimario has been appointed as the Acting Group Regional Businesses Director, KCB Group PLC with effect from January 25, 2023, in line with the new organisational structure communicated last year. The appointment is subject to regulatory approvals. Cosmas will continue to serve as the Managing Director of KCB Bank Tanzania.
Reporting to the Group Chief Executive Officer, this position is a member of the KCB Group EXCO and is directly accountable for the general management and oversight of regional businesses i.e. BPR Bank Rwanda PLC, KCB Bank Uganda Limited, KCB Bank Tanzania Limited, KCB Bank Burundi Limited, KCB Bank South Sudan Limited, KCB Representative Office- Ethiopia, KCB Bancassurance Intermediary Limited, KCB Investment Bank Limited and KCB Asset Management Limited.
A banker by profession with over 25 years of experience, he is the Managing Director of KCB Bank Tanzania and has been instrumental in driving the business in the market. In addition to his current role, Cosmas will be central in driving strong growth in profitability, market share, product penetration, operations, customer experience in these subsidiaries.
He has worked in different capacities across countries including the US, UK, Nigeria, Senegal and Kenya, with a specialization in structured products, project financing, corporate financing, treasury, money market and foreign exchange products, derivatives and public housing. Cosmas is one of the pioneers who introduced Foreign Exchange Options and Derivatives in many markets in Africa including Tanzania, Nigeria, Uganda and Zambia.
Cosmas holds an MBA in Finance and a Master of International Management (MIM) from Thunderbird – The American Graduate School of International Management USA as well as Bachelor of Commerce and Management Degree from the University of Dar es Salaam.