Sorry folks, I have been off the
radar as I have been too busy and I haven’t written in a while, but I am back
and I hope it’s worth the wait. Today we
talk about a National Bank’s director one Reuben Koech. His recent profile on one of the corporate
websites read as, ‘Mr. Koech joined National Bank in August 2013. He holds a
Bachelor of Arts (Economics Majors) and MBA, Strategic Management Option both
from the University of Nairobi. He also has certification in credit assessment
and analysis by Omega of UK and Culhanne of South Africa. Reuben is a career
banker with more than 15 years of experience leading growth in the Corporate
Banking space and developing high performance teams at leading international as
well as regional banks. He has significant experience in Corporate relationship
management for public and private sectors, retail banking, credit analysis
& assessment and management, complex loan syndications including PPP
financing projects, renewable energy finance etc. Prior to joining the Bank,
Reuben worked for Co-operative Bank of Kenya as a Senior Manager in charge of
Energy and Manufacturing Sector within Corporate Banking & Trade Finance
Unit. He has also worked for Fina Bank (Now GT Bank), CfC Stanbic Bank and
Standard Chartered Bank in various leadership roles.’
A rosy profile from the surface
if you ask anyone, however, what the profile doesn’t say is how the so called
‘career banker’ is an underperformer in his job and has only moved up the
ladder through his cunning art of deception and his whoring among banks as my
research has shown. Let us open this Pandora‘s box to who Koech is.
Koech started his banking career
at Fina Bank (currently GT Bank), his tenure there was to be short lived as he
could not meet any of his targets during the period. He has been described as a
‘cold and lackluster’ young man that no one thought would make manager level.
From there he found his way to CFC Stanbic bank in the guise that he was a
strategic transformer and had many connections in the market. This lie later
caught up with him when he was again fired for not performing and what his then
manager called ‘not giving a damn about his job’. His short stint at Stanchart
also came with its struggles as the junior relationship manager could not
bullshit his new management and soon got his marching orders for poor
performance. Luckily, the jobless young man had a relative at Co-operative bank
who hand-held him and gave him a management position in the bank and that was
the beginning of his profile as a career banker (sic). Life at Coop was easier
as with a godfather to hold his hand he was able to cover his incompetence and
also managed to get the best performing portfolios to manage. Rumour has it
that at one time there was a management split at coop bank when he was given a
role in Energy and Manufacturing – a portfolio he had only interacted with in
his dreams.
A lucky man, Koech was able to
convince one Munir Ahmed of national bank that he had what it takes to join his
transformation team to ‘bring greatness to NBK again’. He got a job at NBK
where he was tasked to bank more institutions and corporates. Further research
shows that during his first year at the bank he had medical conditions that had
seen him exhaust his policy with bills and Munir’s administration had to donate
to him Kes. 1,000,000 to help settle his bills. Currently, his relation with
Munir and the one executive director he reports to, one Boniface Biko, is said
to be cordial and working well. Still, his targets are sometimes short despite
getting one of the best businesses automatically due to historic relationships
between national bank and the firms. He is solely responsible for the bank
losing out on some of the accounts to local competitors such as coop and KCB. He
also is known for making stupid decisions that one would not expect from a
Manager, like pricing loans so low to even below 10% when the market is at 17%
or more. Colleagues fear him as it is
claimed he can easily backstab anyone in order to get his way or to avoid
problems with his seniors. He also has
godfathers at board level and it is rumored that if you touch him, all come
chasing after you.
At national bank Reuben found
another proper way to pass his time, a lady by the name Lydiah Saina. Lydiah is
one of the senior managers at the bank and her relationship with Reuben is that
of more than just colleagues. The two have been going out for the past one and
a half years which has resulted to problems both at work and at home.
Currently, the two love birds are expecting a baby. It is said that Lydiah’s
Congolese husband did not take the affair well and has decided to bounce
leaving the lady in massive debt and unable to sustain her livelihood. This has
left Lydiah with only two loves that of Reuben and her newly found one of the
bottle. She drinks like a fish and never makes it to work on time. She has also
been seen around with one board of director’s member, one Kering. They spend considerable time together at
masai lodge – which makes one wonder what a manager would be talking with a
board member on a weekend. To my earlier
baby point – I wonder whose baby this is? Reuben is however taking care of his
lover and his family is said to be okay with this affair.
National bank is an important
bank for all taxpayers and it is our hope that they will clean their house
before it goes down the flames.
Keep it fainancial.blogspot.com
for more juice on the happenings in the finance world.
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