Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Finance

Family Bank promotes Company Secretary Rebecca Mbithi to CEO

Mbithi previously worked at Kenya Tea Development Agencies (KTDA) and Rift Valley Railways.

NAIROBI, Kenya, Feb 26 – Family Bank has appointed Rebecca Mbithi as Chief Executive Officer after serving as Company Secretary and Director of Legal Services for four years.

The Bank’s Board Chairman Wilfred Kiboro said Mbithi’s appointment is subject to approval by The Central Bank of Kenya.

Mbithi holds a Masters in Business Administration (Strategic Management) from United States International University and an LL.B degree from the University of Nairobi.

She is also a Certified Public Accountant and a member of the Institute of Certified Public Accountants of Kenya (ICPAK), a Certified Secretary and a Member of the Institute of Certified Secretaries, an advocate of the High Court of Kenya and a member of the Law Society of Kenya.

“Rebecca is a highly experienced professional with an extensive background in leadership in various organizations at director level specializing in law, project finance, Corporate Restructuring, Equity/Debt raising and Governance,” said Kiboro.

She previously worked at Kenya Tea Development Agencies (KTDA) and Rift Valley Railways.

“At Family Bank, she has been instrumental in Strategy and Business Development, Capital and Debt Raising, Risk Management, Compliance and Controls, providing legal services and strengthening the Bank’s Governance structures,” said Kiboro.

Former CEO David Thuku resigned from the bank to pursue personal interests in September last year.

Thuku had been with the bank for the last five and a half years but agreed to remain in office until a substantive replacement is recruited.

Family Bank returned to profitability making Sh101 million profit in the first six months of 2018 compared to a Sh492 million loss same period last year.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...