Our Board of Directors

Andrew Ndegwa
ANDREW S M NDEGWA

Chairman

Mr. Ndegwa holds an MA (Hons) degree in Philosophy, Politics and Economics from Oxford University, UK. He is the Executive Director of First Chartered Securities Limited and a director of several companies. He previously worked for Citibank and AMBank until 1995. He joined the Board on 23 April 1997.

John Gachora
JOHN GACHORA
GROUP MANAGING DIRECTOR (EXECUTIVE)

Mr. Gachora holds a Masters Degree in Electrical Engineering and Computer Science from the Massachusetts Institute of Technology, USA as well as an MBA from The Wharton School, University of Pennsylvania, USA, He joined NIC from Barclays Africa where he had been Managing Director and Head of Corporate & Investment Banking. Prior to this this he held several executive positions at Absa Bank, in South Africa, as well as Bank of America and Credit Suisse First Boston in the United States. He joined NIC Bank in September 2013 as Group Managing Director and was appointed to the Board on 21 August 2013.

Jerry Simu
JERRY SIMU
MANAGING DIRECTOR (EXECUTIVE)

Mr. Simu holds a BSc, Business Administration from USIU, a Masters in in Corporate Finance from University of Salford (UK) and Masters in International Corporate Finance from the University of Reading (UK) Jerry brings on board 16 years of extensive experience in Investment Banking. Prior to joining NIC Bank he held various senior management positions at HSBC. His last position was Managing Director, Sub Sahara Africa and Head of Africa Representative Offices. While at HSBC he was responsible for driving the origination of investment banking opportunities with a special focus on Debt Financing, Project & Export Finance and Leveraged & Acquisition Finance.

Samuel Mwale
SAMUEL MWAMBURI MWALE
DIRECTOR (NON-EXECUTIVE, INDEPENDENT)

Mr. Mwale holds a Masters Degree in Agricultural Economics from the University of Oxford, a Post Graduate Diploma in Development Economics from University of East Anglia, a Bachelor of Science in Range Management from University of Nairobi, and has attended executive training on policy analysis at Stanford University and leadership at Harvard University. Mr. Mwale is the Founder & CEO of Farasi Strategy Advisors Ltd, a firm that provides investment and strategy advice to public and private sector clients. He is a well-respected economist, public administrator, and public policy and business advisor with twenty nine years of professional experience in both public and private sectors. He has contributed substantially in the development and implementation of key national policies and strategies.

Murage
Livingstone Murage
Group Company Secretary

Mr. Murage holds a B. Comm (Hons) degree from University of Nairobi and is a Certified Public Accountant and a Certified Public Secretary. He is also a member of ICPAK and ICPSK. He previously worked for PricewaterhouseCoopers and Mobil Oil before joining the banking sector in 1986. He was appointed Company Secretary on 2 September 1999.

Simon Rutega
Simon Rutega
DIRECTOR (NON-EXECUTIVE, INDEPENDENT)

Mr. Rutega holds an MPA Degree from Harvard University and an MBA from Brigham Young University, USA. He is the former Chief Executive of the Uganda Securities Exchange Ltd which he helped establish in 1998. He has extensive experience in financial markets and serves on the board of a number of companies.