NAIROBI, Kenya, May 2 – The Kenya Deposit Insurance Corporation(KDIC) Board of Directors has appointed Hellen Chepkwony as the new Chief Executive Officer for a term of three years.
Chepkwony has been serving in the position in an acting capacity for the last four months.
She took over from Mohamud Ahmed Mohamud who exited the corporation at the beginning of the year.
In a statement, KDIC said Chepkwony’s formal appointment follows a competitive recruitment process.
“Chepkwony is a distinguished economist and risk management professional with an extensive exposure in both the public and private sectors,” the statement read.
KDIC is the country’s resolution authority for banks, mandated to promptly resolve problem banks, provide deposit insurance for customers of member institutions, and generally ensure financial stability in the banking sector.
The corporation protects depositors of banks that are licensed and regulated by CBK.
