Oral East Africa>Family Banks on experience in Chairman pick At the hut of the story

Written by Oral East Africa

Family Bank has picked Mr Lazarus Muema, a non-executive director for the last seven years, to head the Board as the chairman following regulatory approvals.

Mr Muema, is a seasoned player in the industry with over 30 years of financial experience and over 15 years in insurance and pensions.

Since 2017 he has served the Family Bank Board as a Non-Executive Director and has chaired various board committees including the Board Strategy Committee, Board Audit Committee and Board Risk Committee.

The choice of Mr Muema brings in the holder of a Bachelor of Commerce degree in accounting from the University of Nairobi and a Certified Public Accountant (CPA(K)) to drive board strategy.

Steady Hand

Banks are looking for steady hands to navigate the tough operating environment and are going for leadership with skills and networks across industries to thrive.

Mr Muema brings in leadership experience having led various consultancy teams in undertaking various pension projects for several public organizations including Kenya Airports Authority; Kenyatta National Hospital, Vivo Energy, Kenya Orient Life Insurance Company, Kenya Seed Company, TSC and JKUAT University.

He is extremely experienced and knowledgeable in the Governance Review and Strategic Planning for Pension Schemes. He is the Founder of Penplan Services Limited, a pension consulting firm and has built a distinguished career with key roles across the finance sector.

These include Finance Manager roles at Shell Exploration in Kenya and Shell Uganda, Financial Controller at Kenya Shell, Finance Advisor at Shell International in London and Pensions Investment and Policy Advisor for Shell Africa.

Mr. Muema is also actively engaged in various roles in other boards within the industry. He currently serves as Board Chair at Riscura Solutions (Kenya) Limited and NBCI Limited and is a Board Member of Kenya Orient Insurance Limited. His leadership experience also includes past roles as Chairman of the Association of Retirement Benefits Schemes of Kenya, Bright Technologies Limited, and Nanga Investments Limited.