Meet our Executive Committee
Chairman
Dr. Wanjui, the Chairman of the Board has a long and illustrious career in the Kenyan corporate scene, the most prominent being the Chief Executive of East Africa Industries (which later became Unilever). He is a graduate of Ohio Wesleyan University, (BA Physics and Mathematics) and Columbia University, (MSC Engineering).
Dr. Wanjui was the Chancellor of the University of Nairobi and was previously the Chairman of CfC Stanbic Bank Limited. He is also chairman and Board member of a number of other Kenyan and international organizations.
Dr. Wanjui has been a director of the Company since 1986 and the Chairman of the Board since 1998. In recognition of his exemplary contributions to positive change in society, he received the Chief of the Order of the Burning Spear (CBS) of the Republic of Kenya award.
Deputy Chairman
Peter Joined Old Mutual in 1978 and has served the business in various arms and capacities as Development actuary and Executive General Manager.
In September 2000, Mr.de Beyer became Deputy Managing Director, South Africa, responsible for all Retail business.
In December 2003, Mr. de Beyer, as Deputy MD, was given responsibility for Old Mutual Service, Mr.de Beyer retired from Old Mutual in November 2008 and continues to serve on its several boards.
Independent Director
Mr. Muthoka served as the Group Chairman of Kenya Commercial Bank. He is the Chairman of the Board of Fellows of the Kenya Institute of Management (KIM) and Chairman of the Board of Trustees of the Management University of Africa (MUA).
He has been a corporate leader and an entrepreneur with long and varied experience in public and private sectors in the fields of management, education, finance, investment, export promotion, agriculture, real estate, corporate governance, international diplomacy, and community voluntary work.
In recognition of his exemplary service rendered to the Kenyan Public Service and international organizations, he was awarded the medal of Moran of the Burning Spear (MBS) in 2004 and the medal of Elder of the Burning Spear (EBS) of the republic Dr. Peter Muthoka of Kenya award in 2012.
Director
Mr. Muguiyi is a Non-Executive Director at UAPHL, having previously served as Group Managing Director. During this time he has overseen the growth of the Group’s business in Kenya and expansion into Uganda in 2004 and South Sudan in 2006.
He has presided over the group restructuring in 2008 and the demerger of the Life Insurance Business from General Insurance Business in Kenya. Between 1988 and 2001, he was the Deputy Managing Director. During this time, he oversaw the merger of Provincial Insurance with Union Insurance to form UAP Provisional Insurance in 1994.
Mr. Muguiyi is a director of several other companies and is Chairman of Centum Investment Company Limited, a company listed on the Nairobi Securities Exchange. He is a Fellow of the Institute of Certified Public Accountants of Kenya (FCPA (K)) where he was at one time the Chairman. He is also a Certified Company Secretary (CPS (K)) and a Chartered Management Accountant (ACMA).
Director
Ralph joined Old Mutual in 2001 in Old Mutual’s Individual Life business. He has served as Managing Director Old Mutual Unit Trust and Strategy Director within Old Mutual South Africa(OMSA) and Chief Executive Officer for Old Mutual Emerging Markets: Life and Savings.
In February 2012, Mr. Mupita took up the position of CEO of Old Mutual SA and Emerging Markets. He is an engineer by training, (BSc. Eng Hons.), and obtained a Masters of Business Administration (MBA) from the University of Cape Town in 2000. He is a graduate of Harvard Business School’s GMP programme, and has also attended executive programmes at London Business School and INSEAD.
Director
Tavaziva is the Chief Executive officer of Southern and East Africa. He has worked for Old Mutual South Africa in various capacities since 2001 from Actuarial Finance, Healthcare to Old Mutual Investment Group South Africa. He sits as a director on all of the Group’s companies in Kenya - Old Mutual Holdings, Old Mutual Life Assurance company (Principle Officer), Old Mutual Asset Managers, Old Mutual Investment Services, Old Mutual Capital, Old Mutual Properties and Old Mutual Securities.
He has a BBuSc in Actuarial Science and is a Fellow of the Institute of Actuaries (FIA UK) and a Fellow of the Actuarial Society of South Africa (FASSA).
Director
David is qualified accountant with a wealth of corporate finance skills and experience in the Americas, Europe and Asia, Mr.Marshall is highly regarded in merchant and investment banking circles. He is a South African by birth and a graduate of Hilton College and the University of Cape Town. Before to joining Old Mutual, Mr.Marshall was the Managing Director for Credit Suisse’s Southern Africa ultra-high net worth business in London, and has worked for many global companies, including UBS, Deloitte, Standard Corporate and Merchant Bank.
At UBS Wealth Management he advised the board on its global strategic acquisitions. Earlier in his career he was involved in the LSE listing of Anglo American and the unbundling of De Beers from Anglo.
Independent Director
Mike was appointed chairman of Mutual & Federal in May 2012. Having worked in the Old Mutual Group since 1979, Mike has served in several executive positions including Strategy Director for Old Mutual Emerging Markets, leading strategic work across Asia, Latin America, South Africa and Africa markets. He also served as Distribution Executive on the OM Group Long Term Savings executive in London.
Mike served on the Boards of Old Mutual Unit Trust, Old Mutual Investment Group and the Council of the Botanical Society of South Africa.
Independent Director
Paul was a senior manager with PwC in the Netherlands from 2002 to 2007. Prior to that, he enjoyed a 20-year actuarial career with Southern Life in Cape Town, ending as chief actuary and CFO, and a member of the executive directors’ committee. Paul currently serves on the Board of Old Mutual South Africa, where he is chairman of the Risk Committee and of the Committee for Customer Affairs; a member of the audit committee, and on the board of Old Mutual Kenya.
He is also a non-executive director of Infrastructure Finance Corporation (INCA), where he has been on the board since its inception in 1996.
Independent Director
Rose is qualified accountant who also served in the Old Mutual Kenya board. She is currently the Managing Director of Bloom consultancy. Prior to this role she served as Finance Director at Skynet Worldwide Express Ltd. She has held several non-executive directorships in the various arms of the Old Mutual Kenya business and also Barclays bank of Kenya.
Independent Director
Susan is the CEO and founder of Exclamation Marketing Ltd. She previously served in senior marketing positions at Colgate Palmolive, Boots Kenya, Barclays Bank, and Standard Chartered. From 2004 -2012 she served as a non-executive Director in the Group Board of KCB where she was also Chairman of KCB Foundation, Director S & L Mortgages for 2 years and Director KCB Uganda for 4 years.
Susan sits on the Board of Longhorn Publishers and Kenya Tea Packers Limited (KETEPA). She is also an advisory board Member at the University of Nairobi’s Green Horn Mentorship programme, a member of the Marketing Society of Kenya, the Public Relations Society of Kenya (PRSK) and the International Advertising Association (IAA). Susan holds an Associate of Applied Science Degree in Business Management from North West Community College, Powel, Wyoming and a Bachelor of Science Degree in Business Management with a Susan Omanga Minor in Advertising from Rocky Mountain College in Billings Montana.
Independent Director
A.K Maina is the Managing Director of Kenya Railways. He previously served as General Counsel and Group Company Secretary& Head of Legal Services for UAP Holdings; a role that saw him provide legal advisory and company secretarial services to the twelve(12) operational businesses in East Africa.
He attained a Bachelor of Laws at University of Nairobi and subsequently admitted as an advocate of the High Court. He is a Certified Public Secretary and holds a various professional memberships. This includes: Law society of Kenya, East Africa Law Society and is a Fellow at Institute of Certified Public Secretaries of Kenya (ICPSK).
Director
Anisha Archary is the Human Resources Director of Old Mutual Emerging Markets. The Emerging Markets portfolio spans South Africa, the rest of Africa, Colombia, Mexico, India & China and has a combined workforce of 31 000 employees.
Previously Anisha held the position of Executive Vice President Global Passenger Services, Product & Marketing of SAA where she spent 12 years.
She holds a Masters Degree in Psychology and has completed Leadership Programmes in Switzerland, South Africa and Harvard Business School.
She has spent the last 28 years in the Corporate World learning & contributing across the Transport, Retail and Financial Services sectors.
She has lived and worked in South Africa and India and her work has allowed for extensive travel across the African continent where her passion for building teams across boundaries and integrating new acquisitions into the Old Mutual business can be seen.
Group CEO
Peter serves as the Group Chief Executive Officer for UAP Old Mutual group. He joined Old Mutual Kenya as the Group Chief Executive in October 2014 from Nairobi Securities Exchange (NSE) where he was the Chief Executive for 6 years, in which capacity he is credited, amongst other things, with the successful demutualization and self-listing of the NSE. Prior to this, Peter was the Managing Director of Centum Investment Company which is Kenya’s largest publicly quoted investment company. Early in his career, Peter served in the Kenya Air Force and held the rank of Captain.
Peter holds a Bachelor of Science in Electrical Engineering from University of Nairobi, and has a passion for the financial services. He is a Certified Public Accountant and a Chartered Financial Analyst.
Executive Director
James Wambugu is the Managing Director of UAP Insurance Kenya and an Executive Director of UAP Holdings. Mr. Wambugu joined UAP in July 2003 and has been involved in the development of the Group’s risk and quality management systems, business expansion and strategy development. He previously worked for PricewaterhouseCoopers in Kenya and the UK, Lonrho Africa and African Lakes Corporation in the fields of audit, transaction structuring and support and risk management.
Mr. Wambugu has extensive experience across many countries in Africa. He holds an MBA and Bachelor of Commerce degrees from the University of Nairobi and a diploma in Advanced Management Programme (AMP) from IESE Business School, Barcelona and Strathmore Business School, Nairobi. He is a Qualified Risk Manager (MIRM) and a Certified Public Accountant of Kenya (CPA (K).
Group MD, Medical Division
Isaac Joined UAP Insurance Company Ltd in January 2011 as the Head of Medical business. Prior to joining the company he had worked at Aon Insurance Brokers for eight years rising to the position of a divisional director, healthcare division. During his tenure at UAP, he helped turn around the medical business from a history of technical losses to become a profitable business.
He became the General Manager, Medical business and Customer service from September 2013 where he continued to grow the medical business to be among the top 3 leading providers in Kenya in revenues and top 2 in profitability. He developed the customer service Strategy for UAP Insurance which has been adopted by the UAP Group and helped set up a call center for the business to support service delivery. He was appointed as the Group Managing Director- Medical Business from July 2015.
Isaac has undergraduate qualifications in health sciences, and has had extensive experience and studies in business management and strategy. He has post graduate qualifications in health systems management from Galilee International Management Institute, Israel, and is currently undertaking a Doctorate in Business Administration (DBA) from Paris School of Business, France.
Group Company Secretary/General Counsel
Nkirote is a certified public secretary and lawyer with a passion for corporate governance, standard setting and policy making. She is an advocate of the High Court of Kenya, an active member of the Law Society of Kenya and a fellow of the Institute of Certified Public Secretaries of Kenya where she is an elected member of the Council and is currently serving as the Vice Chairman of the Institute.
Nkirote holds a Bachelor of Laws Degree from the University of Reading (United Kingdom), a Master of Laws in Commercial Law from the University of Cape Town (Republic of South Africa), a Global Executive Masters in Business Administration jointly offered by United States International University (Kenya) and Columbia Business School (New York, USA), a Higher National Diploma in Law (Kenya) and a Higher National Diploma in Human Resource Management (Kenya).
Nkirote has worked in various sectors in Kenya including telecommunications, retirement benefits and insurance in a wide-range of activities involving legal and regulatory risk analysis, legislative drafting, monitoring developments in legal research, setting up legal and governance structures, and legal policy development. She has also practiced law.
Acting Group MD, Asset Management
Group Chief Operating Officer
Group Chief Operating Officer
Charles joined Faulu Microfinance Bank as the MD in August 2014 from Old Mutual Kenya where he was the Chief Finance officer for 5 years where alongside overseeing the Finance Department he handled various strategic roles within the organisation.
He commenced his career with ABN Amro Bank before moving to Fina Bank where he was the Group Head of Finance with a regional responsibility and was closely involved in the acquisitions and setting up operations within the region. He has over 20 years of experience in the Banking Industry/Financial Services. Charles is a holder of an MBA (Finance) and an AMP from IESE Business School, Spain. He is also a Certified Public Accountant (CPA-K) as well as a Certified Public Secretary (CPS-K). He serves on various Old Mutual Kenya boards as an Executive Director.
Group Chief Financial Officer
Joe Mutugu has more than 10 years of experience in Strategy and Finance. Several of which are in senior management. Joe has served as the CFO of AMU Power Company Ltd, (US $1.8 billion 1,050 MW Coal Power Plant in Lamu), Acorn Group Ltd (Real Estate) and NIC Bank Group. He has also worked for Barclays Bank, Merrill Lynch, PricewaterhouseCoopers and Deloitte Consulting.
Joe holds and an MBA in Strategy and General Management from Harvard Business School, a Master’s Degree in Financial Economics from the University of Oxford and a Barchelor’s of Commerce Degree from The University of Nairobi. He is also a Certified Public Accountant and a Member of ICPAK.
MD, Faulu Microfinance Bank limited
Mr. Njoroge, an experienced financial executive with over 24 years’ experience in Retail, Micro, Small and Medium Enterprises Banking across East Africa has joined Faulu Microfinance Bank limited as the Managing Director and Chief Executive Officer.
Prior to his appointment, he was Acting Managing Director, Equity Bank in Uganda, where he also held the positions of Executive Director and Chief Operations Officer. He has held the following positions at Equity Bank in Kenya; General Manager in charge of Business Relationships and Head of Business Growth & Development. He has also worked in African Banking Corporation Limited and Investments & Mortgages Bank.
He is a graduate of IESE Business School in Spain and holds a Masters’ Degree in International Business Administration (Finance Option) from United States International University and a Bachelor of Science Degree (Hons) in Mathematics and Physics from University of Nairobi. Additionally he is an alumni of the Strathmore Business School - Executive Management Programs.
Apollo’s achievements during his tenure at Equity, were commendable and include: Strategy formulation and implementation which led to the acquisition of a micro finance institution in Uganda and its eventual growth into a fully-fledged profitable bank in the top 10. He is also credited with leading the change process for the rollout of a new banking software, documentation of procedures and supporting the team to transition to a commercial bank.
Group Managing Director- Life Business
Jerim Otieno joined UAP-Old Mutual Group as the Group Managing Director- Life Business in September 2015. Before this, Jerim spent a short stint at CIC Insurance Group where he was in the role of Managing Director for CIC Life Assurance Company and also sat on the boards of the regional CIC life offices.
Company and also sat on the boards of the regional CIC life offices. Between October 2010 and December 2014, Jerim served as the Managing Director of UAP Life where he played a significant role in the demerger of the life business from the then composite insurance company and subsequently drove an aggressive growth agenda at UAP Life, especially in the corporate portfolio.
Prior to UAP, Jerim spent 4 years with ICEA Lion as Head of Life Business in Uganda where he was tasked with setting up of life & pensions division within ICEA Uganda, a composite insurance company then and rapidly grew the company’s market share culminating in the division mutating into a fully-fledged life insurance company and one of the leading in that market.
He has previously worked with different leading multi-national insurance companies and had a stint in academic world between 1998 and 2001 as a lecturer at the College of Insurance where he co-authored an insurance book, “Principles and Practice of life insurance Business”.
Outside of work, Jerim enjoys reading, bird watching and occasional round of golf.
MD, Faulu Microfinance Bank limited
Mr. Njoroge, an experienced financial executive with over 24 years’ experience in Retail, Micro, Small and Medium Enterprises Banking across East Africa has joined Faulu Microfinance Bank limited as the Managing Director and Chief Executive Officer.
Prior to his appointment, he was Acting Managing Director, Equity Bank in Uganda, where he also held the positions of Executive Director and Chief Operations Officer. He has held the following positions at Equity Bank in Kenya; General Manager in charge of Business Relationships and Head of Business Growth & Development. He has also worked in African Banking Corporation Limited and Investments & Mortgages Bank.
He is a graduate of IESE Business School in Spain and holds a Masters’ Degree in International Business Administration (Finance Option) from United States International University and a Bachelor of Science Degree (Hons) in Mathematics and Physics from University of Nairobi. Additionally he is an alumni of the Strathmore Business School - Executive Management Programs.
Apollo’s achievements during his tenure at Equity, were commendable and include: Strategy formulation and implementation which led to the acquisition of a micro finance institution in Uganda and its eventual growth into a fully-fledged profitable bank in the top 10. He is also credited with leading the change process for the rollout of a new banking software, documentation of procedures and supporting the team to transition to a commercial bank.
His expertise will be instrumental in executing Faulu’s strategy of championing alternative banking channels, prudent risk management practices and enabling dreams in the Region.