The Development Bank of Rwanda (BRD) has appointed Eric Rutabana, the new Chief Executive Officer (CEO) replacing Alex Kanyankore who has been the head of the bank since July 2013.

According the statement from the bank management, appointment takes immediate effect.

While announcing the new appointment, the chairman of BRD Board of Directors, Francis Mugisha said that the change is intended to cement the Bank’s achievements and accelerate the efforts to implement the Bank’s Strategic Plan 2016-2020.
The incoming CEO, Rutabana joins BRD having most recently been the Country Head, Corporate and Investment Banking at BPR (part of Atlas Mara Group).

“On behalf of the entire BRD Board and Stakeholders, I am pleased to welcome the new CEO, Mr. Eric rutabana, and offer our unreserved support in his new assignment. Eric is an accomplished banker and understands the new mandate of BRD as a development financial institution. We are confident that he will successfully steer the bank to make even greater contribution to Rwanda’s socio-economic development,” said Mugisha.

On behalf of the Board, Mugisha extended his sincere appreciation to the out-going CEO, Kanyankore for his dedicated services, particularly leading the bank’s successful reorganization and restructuring to focus as a development finance institution.

“I would like to thank Kanyankore for his dedicated service leading the bank since July 2013. We are privileged to have worked with him, and commend his able leadership during the development and implementation of the Bank’s new strategy. We wish him success in his endeavors,” reads BRD statement.src :Igihe

The Express News

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