Trust Merchant Bank (TMB), a subsidiary of Kenya’s KCB Group, has appointed Yannick Mbiya Ngandu as managing director, according to a statement released on January 7, 2026. The appointment was approved by TMB’s board in consultation with KCB’s board and is subject to regulatory approval.

He succeeds Oliver Meisenberg, whose term ended in line with Central Bank of Congo (BCC) regulations. Meisenberg will remain on the bank’s board.

A management engineer and graduate of the Université catholique de Louvain in Belgium, with a specialization in corporate finance, strategy and innovation, Mbiya has followed a rare internal career path, rising through the ranks of the same institution from frontline commercial roles to the top of executive management.

He joined TMB in November 2007 as a corporate officer, managing and expanding a portfolio of clients in trade, oil, telecommunications and import-export. In April 2009, he was appointed deputy branch manager, overseeing team management and meeting commercial targets.

In July 2010, Mbiya became branch coordinator, responsible for an urban and regional network under the Western Regional Directorate, covering nearly 20 branches. From October 2011 to August 2019, he served as regional director and member of the management committee, with responsibility for the national branch network, strategic direction and branch profitability. He was also involved in the analysis of new market opportunities and products.

In 2019, he was promoted to one of the bank’s three deputy managing director positions.

In a statement to customers, TMB said Mbiya brings to the role “15 years of solid experience in banking management, deep market knowledge and a clear strategic vision.” The board said it is confident that under his leadership, the bank will continue to strengthen its market position and deliver long-term value to all stakeholders.

TMB, KCB Group’s first subsidiary outside Kenya and its second most profitable unit after KCB Kenya, reported a net profit of 10.4 billion Kenyan shillings in 2024, or about $80.6 million at the average exchange rate for the year. Net banking income rose to 31.2 billion shillings from 25.8 billion in 2023, an increase of 20.9%.

Pierre Mukoko & Ronsard Luabeya