Board of Directors Profiles

Chairman

Michael Bristow

Michael Bristow holds a Masters degree from London University and is a Fellow of the Chartered Institute of Bankers. A seasoned banker with more than forty years’ experience in retail and corporate banking, he served for many years as the Executive Director of Commercial Bank of Africa, prior to which, he served in various senior executive positions for Barclays Bank in the UK and a number of countries in Africa. He holds non-Executive Directorships in FSD Africa and Front Clear, companies working to improve efficiency of and access to capital markets in Africa, as well as Cytonn, an investment management company.

Board Member

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, and is currently the Chairman of Ecobank Kenya. 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. Shah 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 and the Vice Chairman of the Nairobi Securities Exchange (NSE) Ltd. He is also the Vice Chairman of the Rwanda Stock Exchange, where he has played a key role in the setup of the Rwanda Stock Exchange (RSE) and serves as the Chairman of the Market Operations & Development Committee. He is a Board Member of the Central Depository and Settlement Corporation (CDSC), where he serves as the Chairman of the Finance Committee.

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 Investment and Financial Analysts (ICIFA). A Director of Kenya Industrial Estates (KIE), a government parastatal that promotes industrialization through development of SMEs. He is also a member of the Institute of Directors. He also served as Director of Kenya Private Sector Alliance (KEPSA) and Director at the National Chamber of Commerce and Industry (KNCCI).

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 holds a Master of Science (MSc) in Corporate Finance from the University of Liverpool, in the UK.

Board Member

Eunice Kariuki

Eunice is the Director of Partnerships, Innovation and Capacity at ICT Authority, a parastatal merger of the former ICT Board, e-Government and Government Technology Systems (GITS). Until then she was the Marketing Director and Deputy CEO at the Kenya ICT Board. Prior to joining the government, Eunice worked for Microsoft as a Public Sector Manager looking after Eastern and Southern Africa. She previously founded and managed Records & Archives Management Systems (RAMS) Ltd for 7 years, 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 recognised in the 2009 top 40 under 40 women in Kenya, and again in 2017 as one of the top 25 Digital Influencers in Kenya.

Board Member

Geoffrey Odundo

Mr. Geoffrey Otieno Odundo is the Chief Executive of the Nairobi Securities Exchange Limited. Mr. Odundo, an accomplished Investment Banker has been in the financial services sector for the last 26 years, 20 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 Co-op Trust Investment Services, Coop 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. He has contributed to the growth of the Capital Markets in his previous role as a Director/Board Secretary – Kenya Association of Stock Brokers and Investment Banks, Chairman of the Financial Standards Committee – Kenya Bureau of Standards as well as the Board Director of the Nairobi Securities Exchange Limited. He is currently a Director of the Central Depository and Settlement Corporation Limited, Director of the NSE Clear Limited; and a trustee of the NSE Fidelity Funds.

He is a member of the Central Bank Consolidative Forum for Domestic Debt Market (CFDDM) and a Council Member of the Institute of Certified Investment Financial Analysts (ICIFA). Mr. Odundo is also a Director of the Association of the Stock Exchanges of Africa (ASEA) and is a Member of the Thomson Reuters Africa Customer Advisory Network. He holds a Master’s degree in Strategic Management and an undergraduate degree in Mathematics and Economics. He is also an Advanced Management Program (AMP) graduate from Strathmore Business School.

Board Member

Peter Mwangi

Mr. Peter K. Mwangi is the Group Chief Executive Officer of the UAP-Old Mutual Group in East Africa. He was appointed to this position on 1st July 2015. Before this appointment he was the Group Chief Executive Officer of the Old Mutual Group in Kenya from October 2014 after having been the Chief Executive Officer of the Nairobi Securities Exchange for six years until September 2014. He is a non-Executive Director on the boards of the Central Depository and Settlement Corporation, British American Tobacco Kenya and Funguo Investments Ltd. He is an executive director on the boards of several subsidiaries of the UAP-Old Mutual and Faulu Group in the region.

Between 2004 and 2008, Peter was the Managing Director of Centum Investment, the largest publicly quoted investment company in the East African region. He started his career in the Kenya Air Force where he worked for 5 years and left having attained the rank of Captain.

Peter holds a Bachelor of Science Degree in Electrical Engineering from the University of Nairobi. He is a member of the CFA Institute, CFA Society of East Africa, Institute of Certified Investment and Securities Analysts, Institute of Certified Public Accountants of Kenya, Institute of Certified Public Secretaries of Kenya, Institute of Directors of Kenya and the Kenya Institute of Management.

Board Member

Samuel Kimani

Samuel Kimani is the Managing Director and Chief Executive Officer of Jamii Bora Bank 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 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 the Central Depository and Settlement Corporation (CDSC), is the Chairperson, Nairobi Securities Exchange (NSE), and is a member of the University of Stellenbosch Executive Education Advisory Board (USB-AB).

Board Member

Aida Kimemia

Aida Kimemia – Nesbitt is an independent investment professional with a focus on sustainable development in Africa. She has broad experience in corporate finance, project finance, general management and corporate governance. She is a non-Executive Director on the board of Cannon Assurance Limited.

Until February 2017, Aida was a Regional Manager at the International Finance Corporation (IFC), where she was responsible for generating annual investments of US$ 300 million and overseeing a US$ 500 million debt and equity portfolio comprising approximately 45 investee companies in the manufacturing and service sectors in Sub-Saharan Africa. Her career at IFC spanned 20 years and included other roles such as Head for East Africa, during which she was instrumental in scaling up the Nairobi office into a regional hub, and Principal Investment Officer, when she focused on debt and equity investments in health, education and agribusiness.

Aida holds a Bachelor of Science Degree in Economics and Mathematics from St Lawrence University (New York) and a Masters Degree in Administrative Science from Johns Hopkins University (Baltimore).