KCB Bank was formed on the premise of these values: inspiration, simplicity and friendliness. We have made sure to always have at the helm, people who hold the same values and through their leadership and expertise do their part in ensuring that they are imbued throughout the organization. Our leaders are committed to propelling the bank forward, an endeavor that is evidenced by the continued growth of KCB across boundaries, in line with our mission to achieve global reach.
Andrew holds a Bachelor of Commerce degree from University of Nairobi. He has also attended executive programs in Executive Development at the Wharton School, University of Pennsylvania and in Corporate Governance at Harvard Business School, Harvard University. His banking career spans over 30 years and includes stints at Commercial Bank of Africa, Standard Chartered Bank and Citibank N.A culminating in his posting to London to head Citibank’s Emerging Markets Financial institution Business. In 2004, he joined Ghana International Bank PLC London as the Chief Operating Officer and Executive Director, a position he held for over 10 years. Prior to his appointment as Group Chairman, he served as a Non-Executive Director of KCB Bank Kenya from November 2016 and was Chair of the Risk Management and Audit Committees and a member of the HR Committee.
OTHER DIRECTORSHIPS: Andrew is a non-executive director of Dalberg Research Limited, a member of the audit committee of the Commonwealth Secretariat, London and is also a Trustee of the Citizens Advice Bureau of Caterham and Warlingham, United Kingdom.
Tom Ipomai is a corporate finance specialist. He holds a degree in Computer Science from the University of Nairobi (1st Class Honours) and a Master of Philosophy (MPhil) in Management Studies from the University of Cambridge (Jesus College). He is a Certified Chartered Accountant (ACCA). Previously, Tom worked for the Central Bank of Kenya, Barclays Bank in the UK, Kenya and Zambia and with Deloitte in its Corporate Finance Advisory division. Tom runs a boutique consulting firm. He also serves as a member of the KCB Bank Kenya Limited Board and is Chairman of KCB Bank Rwanda Board.
John Nyerere is a HHH (Fulbright) fellow and holds an MBA, Bachelor of Arts (Hons.) Economics, MBA General Management and Bachelor of Arts Economics and Sociology. He lectures on business management at the United States International University. He has experience in corporate planning, operations management and transformation leadership and his key technical competencies include strategy development and economics. He also serves as a member of KCB Bank Tanzania Limited and KCB Foundation Boards and is the Chairman of KCB Capital Limited.
Dr. James Obuya Bagaka has extensive experience and expertise in Public Administration, Policy and Strategy.
He has over 12 years’ experience in Public Finance and Budgeting, Governance, Capacity building, Research and Policy Development in both the public and private sectors. Currently, Bagaka provides advisory and consultancy services to public and private organization. Previously, Bagaka worked as the Technical lead on Governance and Institutional strengthening for a DFID-funded program: The Sustainable Urban Economic Development (SUED).
He has a PhD in Public Administration (from Northern Illinois University, USA); M.A. Public Administration (Minnesota State University-USA); B.A. Political Science & Philosophy (University of Nairobi). He is also a Member of the Commonwealth Association of Public Administration and Management.
The Government of Kenya has maintained varied levels of ownership in the company since acquisition in 1970. This has been managed through the Office of the Cabinet Secretary Treasury (formerly, Permanent Secretary Treasury). Below is a chronology of the evolution in the ownership:
1. The Government of Kenya acquired 100% shareholding in National and Grindlays Bank in 1970 and re-named it Kenya Commercial Bank (now KCB Group Plc)
2. In 1998, the Government sold 20% of its shares at the NSE through an IPO that saw 120,000 new shareholders acquire the company
3. The Government sold 10%, 10% and 25% in 1990,1996 and 1998 respectively, reducing its shareholding to 35%
4. A series of rights issues in 2004, 2008 and 2010 were conducted by the company, with proceeds channeled towards growing the business and financing regional expansion. The Government opted not to take up its rights effectively diluting its ownership to 26.2%, 23.6% and 17.3% respectively
5. The Board in 2016 introduced a scrip dividend where shareholders received dividends partly in cash and partly as additional shares. The Government took up this offer, marginally increasing its shareholding to the current level of 17.5%.
6. In 2019, KCB Group Plc concluded the acquisition of National Bank of Kenya via swap shares. From the transaction, the C.S. National Treasury, being a shareholder of National Bank, received additional KCB Group Plc shares increasing the total shareholding from 17.5% to 19.76%.
Georgina Malombe is an audit professional. She holds a Bachelors degree in Agribusiness Management from Egerton University and a Master of Business Administration, Finance Option from the University of Nairobi. She is a Certified Public Accountant (CPA (K)) and professional trainer. She also holds a Certificate in Arbitration. Her key technical competencies include Audit Quality Assurance, Auditing, Accounting, Finance and Financial Reporting. Previously, she worked for The Registration of Accountants Board as the Executive Officer, The Institute of Certified Public Accountants of Kenya (ICPAK) as Manager, Public Policy and Governance as well as the Head of Compliance and Regulatory Affairs. Malombe is currently the Managing Partner of audit firm, Gemal and Company.
OTHER DIRECTORSHIPS: Georgina currently serves in the Board of the Association of Women Accountants of Kenya (AWAK) as the Vice Chairperson. She is also a member of Professional Trainers Association of Kenya (PTAK).
She is also a member of Professional Trainers Association of Kenya (PTAK).
Lawrence holds a Bachelor of Commerce (Accounting) degree from Kenyatta University and is a member of the Institute of Certified Public Accountants of Kenya (CPA-K). He has over 20 year’s senior management experience in business strategy, finance, commercial, audit and accounting. He worked at Standard Media Group Kenya Limited as Assistant Group Commercial Director and also served as Group Financial Controller in the same Group. Prior to this, he worked as a senior auditor at KPMG East Africa.
OTHER DIRECTORSHIPS: Lawrence is a non-executive director of Kenya Seed Company Limited where he chairs the Audit committee. He also serves as the Chairman of Simlaw Seeds Company Limited.
Anne has an MBA (Distinction) from the University of Warwick and is a Fellow of the Association of Certified and Chartered Accountants (FCCA) and a Fellow of the Institute of Certified Accountants of Kenya (FCPA). She has led provision of audit and related advisory matters services to a wide range of regional and local organisations in various sectors. She recently retired from PricewaterhouseCoopers (PwC), after 40 years, where she was the Regional Senior Partner and CEO for Eastern Africa and Senior Country Partner Kenya, overseeing 1,500 employees in six African countries. She is widely recognized as one of Africa’s leading professionals in the industry.
She has advised Audit Committees and Boards on financial reporting and internal control matters, including risk and readiness assessment prior to implementation of major financial systems and processes. She serves in non-executive director positions on several boards, provides financial advice at a strategic level and mentors entrepreneurs.
Ahmed Mohamud Mohamed is an advocate of the High Court of Kenya and an experienced commercial lawyer specializing in financing agreements and Islamic finance, corporate law, and transactions agreements. He holds a Masters Degree in Law (LLM) and Bachelors of Law Degree (LLB) from the University of Liverpool in the United Kingdom and a Post Graduate Diploma in Law from the College of Law, London, England.
Joshua Oigara holds a Masters degree in Business Administration with a distinction in International Business Management from Edith Cowan University, Australia, a Bachelor of Commerce Degree, Accounting Option, from the University of Nairobi and is an Advanced Management Program Graduate from INSEAD, Fontainebleau, France. He is a graduate of the Program for Management Development (JuMP), Fuqua School of Business, Duke University, North Carolina, USA as well as a Certified Public Accountant of Kenya, CPA (K), having studied at the School of Accountancy, Strathmore University, Kenya.
Joshua serves in the board of KCB Bank Kenya Limited and is a trustee of the KCB Foundation and also as the Chairman of the Energy Regulatory Commission as well as the Chairman of the Kenya Bankers Association Governing Council. He is a member of the Vision 2030 Board and also serves as a board member of YALI (Young Africa Leaders Initiative).
Lawrence joined KCB Group in May 2015 as the Chief Finance Officer. He has over 20 years senior leadership experience having worked in a number of multinational organization which include BAT, AIG and East Africa Breweries both in Kenya and UK.
Lawrence holds a Bachelor of Science degree from the United States International University – Africa (USIU) majoring in accounting. He is a qualified Certified Public Accountant of Kenya (CPAK), a member of Institute of Certified Public Accountants of Kenya (ICPAK) and Institute of Directors. Lawrence is currently writing his MBA thesis at Warwick Business School (UK). Lawrence also serves as a trustee of the KCB Staff Pension Fund (Defined Benefit Scheme). He is a member of the KCB Bank South Sudan Limited Board and also serves as a trustee of the KCB Staff Pension Fund (Defined Benefit Scheme).
OTHER DIRECTORSHIPS: Lawrence is a non-executive director in Pozin Investments Limited and Westacres Limited
Joseph has over 25 years’ experience as an Advocate of the High Court and 10 years’ experience as a Company Secretary. He holds an LLB degree from the University of Nairobi and is an Advocate of the High Court of Kenya. He is a Notary Public, Commissioner of Oaths as well as a Certified Public Secretary of Kenya. He previously served as Company Secretary at Housing Finance Limited. Other roles held include Senior Legal Officer at the Industrial and Commercial Development Corporation and the Legal Officer at Senator Cards/Southern Credit Corporation.