DRC: Willy K. Mulamba, a Seasoned Banker, Appointed as Managing Director of Equity BCDC

News Profile

Experienced finance professional with deep international expertise, Willy K. Mulamba has also been appointed to the Board of Directors of Equity BCDC, one of the country’s leading financial institutions. A subsidiary of Equity Group Holdings (EGH), Equity BCDC claims to be the largest financial services company in East and Central Africa, as well as the region’s largest corporation by market capitalization.

Willy Mulamba, who has earned a strong reputation in the global financial services industry, is expected to bring his expertise and strategic vision to guide Equity BCDC toward new heights. He succeeds Célestin Mukeba Muntuabu, who held the position of CEO of Equity BCDC since 2020. Mukeba previously served as CEO of ProCredit Bank during EGH’s first acquisition in the DRC. He successfully led ProCredit’s growth and played a pivotal role in the historic merger between Equity Bank Congo and the Banque Commerciale du Congo (BCDC) before being appointed CEO of Equity BCDC.

Specialized Skills

As the successor to Célestin Mukeba Muntuabu, Willy Mulamba takes over the reins of a banking institution built on solid foundations. His experience in prestigious international institutions provides him with a unique advantage for continuing the development of Equity BCDC. With over 20 years of experience, Willy Mulamba has built an exemplary career, establishing himself as a key figure in global finance with specialized skills in executive management, corporate governance, risk management, transaction negotiations, and the local markets of the DRC.

Formerly CEO of Citibank DRC, a position he held before this appointment, and former president of the Congolese Banking Association, Willy Mulamba is known for his results-driven approach and his ability to lead teams in an inspiring and effective way.

He holds a master’s degree in Applied Economics from the University of Liège, Belgium, as well as a master’s in Banking, Finance, and Law from Paris-Saclay University in France. His thirst for knowledge and pursuit of excellence also took him to the United States, where he completed additional coursework in economics at the University of North Texas.

Leadership and Sharp Business Acumen

His career began at American Market Connection in Boston, where he honed his expertise in financial services. He then held a notable position with Accenture and Pilgrim’s Pride Corporation in Dallas, Texas, where he worked as a senior financial analyst. These early experiences in the American industry enabled him to develop analytical insight and a strategic understanding of the global financial landscape.

In 2007, Willy Mulamba joined Citi, one of the world’s largest banking groups, as Deputy Managing Director for the DRC, a Board member, and Country Markets and Treasury Head. In this role, he quickly earned recognition for his leadership skills and sharp business acumen, which positioned him as a pillar of the banking sector in the DRC. As head of Citi’s operations in the DRC, he helped solidify the bank’s activities, strengthening ties with local markets and developing innovative strategies to address the country’s economic challenges. His role was essential in maintaining Citi’s footprint as the first international bank in the DRC since 1971 and in establishing the institution’s standing in the African market.

Exemplary Career Path

February 12, 2019, marked a major milestone in Willy K. Mulamba’s career as he was appointed CEO of Citi DRC. This appointment represents recognition of his exceptional career, enriched with international experience and achievements in the banking sector.

For Equity BCDC, the appointment of Willy Mulamba as CEO marks a significant step forward in its inclusive growth strategy, with a focus on the DRC’s economic development.

“I am honored to have been appointed by the Board of Directors of EquityBCDC as the new CEO of EquityBCDC. As a Congolese, the opportunity to lead the transformation of lives and livelihoods of the people of the Democratic Republic of Congo by providing trusted financial services is a humbling moment, and I look forward to working with the entire staff of EquityBCDC and the Board of Directors to support our growth to the next level,” said Willy Mulamba.

 

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