Kenya’s Family Bank has appointed its Director of Retail Banking Mr David Thuku as the new Managing Director following approval from the Central Bank of Kenya. Mr Thuku will take over from Mr Peter Munyiri the outgoing Managing Director who has served the bank for five years.
Mr. Thuku has served the Bank as the Director of Retail Banking since 2013 and brings on board over 25 years’ experience in banking. Prior to joining Family Bank, Mr. Thuku held several senior positions at Standard Chartered Bank and Barclays Bank including Investment Management, Project Management, Product and Sales Innovation, Secured Lending and Business Banking and held senior positions such as Director Retail Banking in Seychelles among others.
Family Bank Chairman – Dr. Wilfred Kiboro said: “Mr. Thuku’s appointment heralds the Bank’s renewed consumer focused initiatives that are aimed at providing unparalleled banking products and services. We are certain that Mr. Thuku will offer his vast experience and together with our competent management team and staff, propel the bank to even greater heights.”
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Dr. Kiboro praised Mr. Munyiri’s leadership provided during the five years at the helm in which he spearheaded a successful expansion and growth strategy. “Mr. Munyiri has for the past five years – spearheaded a major successful transformation of the Bank, realizing unprecedented financial performance. The Bank has achieved a five-fold increase in profits – from Ksh 502 Million in 2011 to past Ksh 3 Billion in 2015 and quadrupled its assets over the same period – currently at 82 Billion.
