Board of Directors Profiles

Chairman

Charles Ogalo

Mr. Charles Ogalo holds a BSc in Economics from the State University of New York, New Paltz, and an MSc in Economics from Rutgers University, New Jersey. He is currently the Managing Director of Genafrica Asset Managers Ltd. (formerly Genesis Kenya Investment Management Ltd.), a position he has held since 1st April 1996.

He has served in several public and private sector companies in Kenya as a Non-Executive Director, including Ecobank Kenya, Sony Sugar, Kenya Re and CAK among others. A member of the Institute of Directors, Mr. Ogalo served in various positions of responsibility in the banking industry for over 11 years, both locally and internationally before joining Genesis Kenya.

Board Member

Ashok Shah

Mr. Shah’s education is in Applied Chemistry. Professionally he is a Chartered Insurer with ACII. He is a member of the Chartered Institute of Arbitrators (MCIArb) and an Associate of the Insurance Institute of Kenya (AIIK). He is a past Chairman of Association of Kenya Insurers (AKI). He is currently the Group Chief Executive of Apollo Investments Limited. Before taking over this position he was the CEO of APA Insurance from its inception from the merger of the General Insurance business of Apollo Insurance and Pan Africa Insurance. APA is a leading regional player.

He is a Director of CDSC representing the Capital Market Challenge Fund. Other directorships include APA Insurance Ltd, Barclays Bank of Kenya, APA Life Assurance, Apollo Asset Management, APA Insurance Uganda and Reliance Insurance Company Ltd in Tanzania. He was the first recipient of the Lifetime Achievement Award for his contribution to the Insurance Industry.

Recently he was one of the finalists of the Ernest and Young Entrepreneur of the Year Award in the Masters Category. Ashok emerged a finalist in the All Africa Business Leaders Awards – 2015 (AABLA), under the category of Philanthropist of The Year 2015. He is the winner of the 2016 AABLA Entrepreneur of the Year Award- East Africa Chapter

Board Member

Bob Karina

Mr. Karina is the Founder and Chairman of Faida Investment Bank, which is licensed by the Capital Markets Authority Kenya and a Member of the Nairobi Securities Exchange (NSE) Ltd. He is also the Managing Director, Faida Securities (Rwanda).

He is the Vice Chairman of the NSE and also the Vice Chairman of the Rwanda Stock Exchange (RSE), where he has played a key role in the set up of the RSE, where he serves as the Chairman of the Operations and Market Development Committee. He is also a Board Member of the Central Depository and Settlement Corporation (CDSC), where he serves as the Chairman of the Finance Committee. He is a Board Member of the NSE Clear, Trustee of both NSE Investor Protection Fund and NSE Derivatives Settlement Guarantee Fund. He is also a Board Member of the Kenya Industrial Estate (KIE), where he serves as the Chairman of the Finance Committee. KIE’s principal activity is to promote and facilitate industrialization through the provision of credit facilities, business development services and industrial workspaces in Kenya.

He is an accomplished stockbroker, an information technology professional and a successful businessman. He plays other roles including; Chairman of Norwich Union Properties Ltd., Chairman of Association of Kenya Stockbrokers (AKS) Nominees Ltd and Founder Member of the Institute of Certified Securities and Investment Analysts (ICSIA). He is also a member of the Institute of Directors. He also served as a Governor and Director of the Kenya Private Sector Alliance (KEPSA) and as a Director of the Kenya National Chamber of Commerce and Industry (KNCCI) as the Chairman of the Finance Committee.

Mr. Karina was instrumental in the establishment of the CDSC, the implementation of the NSE’s Automated Trading System (ATS), the Wide Area Network (WAN), and the Broker Back Office (BBO) system, as the Chair of the implementation committees that spearheaded these developments in the Kenyan capital markets. He has broad experience in advising institutional and corporate investors, corporate finance consulting and research analysis. He is a former Lecturer at the KCA University, Nairobi, Kenya. He holds a Master of Science (MSc) in Corporate Finance from the University of Liverpool, in the UK.

Board Member

Eunice Kariuki

Eunice was appointed Director of Partnerships, Innovation and Capacity in January 2015 at ICT Authority, a merger of former ICT Board, e-Government and Government Technology Systems (GITS). Until then she was the Marketing Director at Kenya ICT Board for 8 years where she doubled up as Deputy CEO. Prior to her post at the ICT Board, Eunice worked for 2 years at Microsoft as a Public Sector Account Manager in charge of Education in Eastern and Southern Africa. In 1999 she founded and managed Records & Archives Management Systems (RAMS) Ltd for 7 years. She also worked for Eastman Kodak for 2 years, and 1 year at Avro International Aerospace in UK.

Eunice holds an MBA in Strategic Management from Maastricht School of Management affiliated to Eastern Southern African Management Institute (ESAMI), a BSc. (Hons) Degree in Business Studies from UK, a Higher National Diploma in Business Information Technology (BITech), and Chartered Institute of Marketing (CIM) Post Graduate Diploma. She is also a Member of the Institute of Directors (IOD) and Chartered Institute of Marketing (CIM). Eunice was listed on the 2009 top 40 under 40 women in Kenya, and most recently as one of the 2017 top 25 Digital Influencers in Kenya.

Board Member

Geoffrey Odundo

Mr. Geoffrey Otieno Odundo is the Chief Executive of the Nairobi Securities Exchange Plc. Mr. Odundo, an accomplished Investment Banker has been in the financial services sector for the last 27 years, 21 of which have been in the Capital Markets in various senior roles in asset management, corporate finance and securities trading. Prior to his appointment, Mr. Odundo was the Managing Director and Chief Executive Officer of Kingdom Securities Limited. He was instrumental in the setting up of Coop Trust Investment Services, Co-op Consultancy Services Limited and Kingdom Securities Limited.

Mr. Odundo has advised on a number of corporate finance mandates in both the public and private sectors; he has also managed key mandates in the asset management industry. Mr. Odundo has contributed to the growth of the Capital Markets in his previous role in the Kenya Association of Investment Banks, the Kenya Bureau of Standards and on the Board of the Nairobi Securities Exchange.

He is currently a Director of the Central Depository and Settlement Corporation Limited (Ltd) a director of the Association of the African Stock Exchanges (ASEA) and a Council member of the Institute of Certified Financial Analysts (ICIFA); he is also a trustee of the NSE Fidelity Guarantee Funds.

Mr. Odundo holds a Master’s Degree in Strategic Management from the United States International University (USIU) and a Degree in Mathematics and Economics and is a holder of the Advanced Management Program (AMP) – Strathmore Business School.

Board Member

Peter Mwangi

Mr. Peter K Mwangi is currently the Chief Executive Officer of the UAP Old Mutual Group in East Africa. Before this appointment, he was the Chief Executive Officer of the Old Mutual Group in Kenya from October 2014. He previously served as the Chief Executive Officer of the Nairobi Securities Exchange Limited for a period of 6 years to September 2014. Prior to this, he was the Chief Executive Officer of Centum Investment Company Plc between 2004 and 2008. He serves as a Non-Executive Director on the Board of the Central Depository and Settlement Corporation (CDSC), British American Tobacco Kenya plc, Funguo Investments Limited and as an Executive Director on the boards of several subsidiaries of the UAP Old Mutual Group in East Africa.

He has over 20 years of proven business and leadership experience. He holds a Bachelor of Science degree in Electrical Engineering from the University of Nairobi and is also a CFA® charter holder. Additionally, he is a member of ICPAK, ICPSK and KIM.

Board Member

Samuel Kimani

Samuel Kimani is the Chairman of Jambo Credit Ltd. He has previously held senior management positions in the financial services industry. He is a member of ICPAK and holds an MBA in Strategic Management and a BSc in Civil Engineering, both from the University of Nairobi, an Advanced Management Program (AMP 177) Harvard and is a CPA (K).

Mr. Kimani has a wealth of experience in the banking industry having served as the as CEO of Jamii Bora Bank Ltd and as Deputy CEO and Finance Director of the KCB Group. Prior to this, he served at the Central Bank of Kenya as Deputy Chief Banking Manager, Deputy Director Financial Markets, Principle Financial Accountant, and the Chief Internal Auditor. He also headed the Surveillance Division of the Deposit Protection Fund. He has also served as a Senior Auditor at PriceWaterhouseCoopers.

He sits on the boards of Kenya Deposit Insurance Corporation (KDIC), is the Chairperson, Nairobi Securities Exchange (NSE), Chairman, CDSC Registrars and is a member of the University of Stellenbosch Executive Education Advisory Board (USB-AB).

Board Member

Aida Kimemia

Aida Kimemia is a Managing Director at Tiserin Capital, a recently established private equity fund, which weaves partnerships between leading companies from Emerging Asia and Latin America with growth companies in Africa. She has broad experience in investment banking, corporate finance, general management and corporate governance. She is also non-Executive Chair on the board of Metropolitan Cannon General Insurance Limited.

Prior to Tiserin Capital, Aida worked at the International Finance Corporation (IFC) for 19 years and was most recently a Regional Manager in the Manufacturing, Agribusiness and Services Department, where she was responsible for a $300 million annual business across a diverse portfolio in the manufacturing and service sectors in Sub-Saharan Africa.

Aida holds a Bachelors Degree in Economics and Mathematics from St Lawrence University (New York) and a Masters Degree in Financial Management from Johns Hopkins University (Baltimore).

Board Member

Isaac Awuondo

Isaac has considerable experience in the financial services industry having worked for more than 30 years in the Kenyan and regional banking industry. He is currently the Group Managing Director of Commercial Bank of Africa Limited (“CBA Group”) the largest privately held commercial bank in Kenya with a regional focus, presently also operating in Tanzania, Uganda, Rwanda and Ivory Coast. CBA Group is one of the strongest and ethically managed commercial banks’ offering a comprehensive range of banking services, including Mobile and Digitally enabled financial solutions and is recognized as the market leader in the provision of Mobile Lending and Savings solutions, in partnership with Safaricom (Kenya), Vodacom (Tanzania) and MTN (Uganda, Rwanda and Ivory Coast). CBA Group presently serves in excess of 35 million customers in its five markets.

Prior to joining CBA Group (more than 23 years ago) Isaac was Chief Financial Officer and director at Standard Chartered Bank Kenya Ltd operations in Kenya and the East Africa region for over 8 years.

Isaac graduated from University of Nairobi in 1980 with a Bachelor of Commerce degree in accounting and finance. He trained at BDO Binder Hamlyn in London qualifying as a chartered accountant in 1984. On his return to Kenya he worked with the firm of Githongo and Company (a BDO affiliate) as an Audit Manager in 1985. In 1986 he was appointed Group Auditor of Nation Printers and Publishers Limited (now the Nation Media Group) and eventually became the Group Financial Controller and Company Secretary.

Isaac is a member of the Institute of Chartered Accountants in England and Wales (ICAEW), the Institute of Certified Public Accounts of Kenya (ICPAK) and Fellow of the Kenya Institute of Management.

Isaac sits on the Board of several public and private organizations, including Kenya Airports Authority (Chairman), Kenya Cultural Centre, Bata Shoes Company Kenya Limited, Aidspan (Chairman) and Riara University (Chairman of Council). Through his involvement in charitable and philanthropic activities, he is Chairman of the Kenya Conservatoire of Music, University of Nairobi Alumni Association, The Rhino Trust, a conservation charity involved in preservation of environmental biodiversity, and WWF Kenya, and Trustee of the Zawadi Africa Education Fund, an educational charity which provides scholarship support to disadvantaged girls from Africa (and presently operating in Kenya, Uganda, South Africa and Ghana) to Universities mainly in the US, South Africa, Ghana and Canada and more recently the UK and Japan.

He is a keen golfer, enjoys music and is a collector of contemporary African Art, an area of interest for more than 30 years.