I&M Bank has announced the retirement of Mr. Suresh Bhagwanji Raja (SBR) Shah, its Founder and Chairman since 1974 and subsequently appointed Mr. Oliver Fowler to serve as the new Chairman effective March 2021.
Mr. Suresh will however continue to remain on the Board as a Non-Executive Director.
A seasoned career banker, Mr. SBR Shah has managed to drive the steady growth of I&M Bank Limited’s asset base to its current Kshs. 305.08 billion. During this tenure, the Bank has moved from a tier 3 Bank to a tier 1 Bank.
Mr Fowler, who has been on the I&M Holdings PLC Board since August 2015, will take up the mantle and continue to lead the strategic direction for the I&M Bank Limited board, as well as the Bank.
He is a qualified Kenyan Advocate and an English Solicitor. He is a consultant at Kaplan & Stratton, Advocates where he was a partner and head of the Commercial Department for many years.
Mr. Fowler holds an LLB from the University of Bristol and was admitted to the Kenyan High Court in 1979. Additionally, he sits on boards of several companies.