Equity Bank Contracts McKinsey for Strategy Review
Global management strategy firm McKinsey will play a business advisory role in the implementation of Equity Bank’s 3.0 strategy following a deal signed by the two firms.
The partnership will guarantee the bank access to global management resources required to fuel its transformational 3.0 strategy geared at changing banking to a lifestyle. The strategy will turn Equity Bank from the conventional
banking model that is:
Equity Bank Group, MD and CEO, Dr James Mwangi, says that the growth of developing countries to medium income economies will be highly dependent on a mix of local and global value systems including shared prosperity values, financial literacy, social cohesion and deliberate efforts to raise academic standards.
“Such inclusive partnerships will involve efforts to empower African public and private sector players to adopt world class but locally formulated development strategies through mutually agreed collaborative avenues,” he said.
The bank’s success is largely as a result of formulating solutions to local financial inclusivity challenges. “We think global and act local in innovation and delivery of our services,” said Dr Mwangi.
The McKinsey & Company Global Managing Director Mr