Family Bank has announced the appointment of Mr. Lazarus Muema as the new Chairman of its Board of Directors, following regulatory approval.
With a distinguished career in finance and a seven-year tenure on Family Bank’s Board, Mr. Muema’s leadership is expected to steer the bank towards its strategic goals.
Mr. Muema joined Family Bank’s Board in 2017 as a Non-Executive Director, during which he chaired critical committees such as the Board Strategy Committee, Board Audit Committee, and Board Risk Committee. His contributions in these roles have been instrumental in shaping the bank’s governance and operational oversight.
A Certified Public Accountant with a Bachelor of Commerce degree in accounting from the University of Nairobi, Mr. Muema brings over 30 years of experience across finance, insurance, and pensions.
He is the founder of Penplan Services Limited, a pension consulting firm, and has held influential roles in top companies, including Finance Manager at Shell Exploration in Kenya and Uganda, Financial Controller at Kenya Shell, and Finance Advisor at Shell International in London. He also served as Pensions Investment and Policy Advisor for Shell Africa.
Also Read: Family Bank Pre-Tax Profit up 15.4% to Ksh.2.3 Billion in H1 2024
Beyond Family Bank, Mr. Muema is actively engaged in the financial industry, holding board positions with Riscura Solutions (Kenya) Limited, NBCI Limited, and Kenya Orient Insurance Limited.
His previous leadership roles include chairmanship of the Association of Retirement Benefits Schemes of Kenya, Bright Technologies Limited, and Nanga Investments Limited.
As the new Chairman, Mr. Muema will drive Family Bank’s vision and strategic growth, leveraging his extensive industry knowledge and leadership skills to guide the bank in a rapidly evolving financial landscape.
