Benjamin Mutimura has been appointed new Chief Executive Officer (CEO) of I&M Bank Rwanda Plc has effective July 1, 2023 and subject to regulatory approval by the National Bank of Rwanda (BNR).
Benjamin was previously the Chief Commercial Officer (CCO) at Bank of Kigali having served from June 2020 and has been serving as a board member of Bank of Kigali, Capital.
The Board of Directors of I&M (Rwanda) Plc announced Robin Bairstow will step down as the CEO, I&M Bank Rwanda Plc. Robin’s transition into a new assignment within the Group, subject to regulatory approval, will be communicated over the next few weeks.
Robin Bairstow has been instrumental in leading the growth of the Bank for over seven years that saw him take the Bank public in 2017 and oversee the full implementation of the new Finacle Core Banking System and the construction and move to a new iconic head office building in Kigali. He also gets accolades for championing digitization with digital onboarding and loans application thus increasing access to finance via a block chain powered mobile money application.
During his tenure, the Bank has picked up numerous industry awards for governance, product innovation, diversity and inclusion. Core to this has been the entrenchment of the Group’s culture transformation agenda, resulting in best-in-class staff engagement levels.
Benjamin has over 16 years’ experience in the financial services sector and has significantly contributed to the success of the organizations he has previously worked for.
He started off his career at I&M Bank Rwanda in 2007 as a Development Finance Officer rising through the ranks to become a Credit Manager, Head of Retail Banking and eventually the Head of Corporate and Institutional Banking, a position he held until 2020 when he moved to Bank of Kigali.
In his last immediate role as the CCO for Bank of Kigali, Benjamin played a key role in overseeing the development and implementation of the commercial strategy, ensuring the distribution and availability of competitive products, strategic marketing, relationship management and channel utilization.
Benjamin holds a Master’s Degree in Development Economics from Louvain la Neuve Namur University in Belgium and a Bachelor’s Degree in Economics from the former National University of Rwanda. He has completed a Leadership Program at Strathmore University, the Senior Executive Program at Harvard Business School and is a certified credit professional (Omega Performance) with a passion for organizational leadership.
“The Board would like to thank Robin Bairstow for his exemplary service and stewardship during his tenure as the I&M Bank Rwanda Plc CEO. During his tenure the Bank grew three-fold in assets and increased net revenue market share by 35%. Robin has also played a vital role as an advocate for the industry, having been chosen by his peers to lead the Rwanda Bankers’ Association. On behalf of the Board, I would like to welcome the incoming CEO Benjamin Mutimura as he sets out to harness the full potential of I&M Bank Rwanda by offering best in class financial solutions and a customer-centric approach. The Board is delighted to welcome Benjamin back to I&M Rwanda to lead the business in the ongoing growth strategy.” Bonaventure Niyibizi, Board Chairman said.
Commenting on the new appointment, Kihara Maina, Regional CEO, I&M Group Plc said: “We believe that Benjamin Mutimura is the right leader to drive the delivery of the ambitious growth plans for our next cycle under our Imara 3.0 strategy. He has the requisite business experience and the drive to help us take I&M Bank Rwanda to the next level of growth and development. I thank Robin for the dedicated service and leadership he has provided to I&M Rwanda and the Rwanda Banking Industry and welcome the opportunity to tap into his deep experience elsewhere in the Group”.