OLD MUTUAL AFRICA NAMES PETER MUTHOKA AS NON-EXECUTIVE DIRECTOR
(The following press release from Old Mutual Kenya was received by e-mail. The sender verified the statement.)
Appointment of Peter WANYAGA Muthoka, EBS, MBS as Non-Executive Director
6th August 2013 .Old Mutual Africa Holdings (OMAHL) and Old Mutual Emerging Markets (OMEM) are pleased to announce that Mr Peter Wanyaga Muthoka has agreed to join their respective Boards as a non-executive director with effect from 01st August 2013.
Mr Muthoka was also recently appointed Chairman of Old Mutual Asset Managers (Kenya) Limited and Chairman of Old Mutual Investments Services (Kenya) Limited. In addition he is a non-executive director of Old Mutual Holdings and Old Mutual Life Assurance Company (Kenya) Limited, among others.
He previously served as the Group Chairman of Kenya Commercial Bank and Managing Director of agricultural company, Sasini Ltd where he was part of the teams that presided over far reaching transformations of both companies. He is the Chairman of the Board of Fellows of the Kenya Institute of Management (KIM) and Chairman of the Board of Trustees of the Management University of Africa (MUA). Mr Muthoka is a Fellow of the Kenya Institute of Bankers (FKIB), Fellow of the Kenya Institute of Management (FKIM), a member of the Kenya Institute of Directors, a life member of the Kenya Red Cross Society and patron and initiator of a number of community projects.
Mr Muthoka is an alumni of Nyeri High School and Strathmore College. He holds a BA (Hons) degree from University of East Africa (UEA), an MA degree from University of California, Los Angeles, (UCLA) and Course Certificates from United Nations Educational, Scientific and Cultural Organization (UNESCO), Bank of England, International Monetary Fund (IMF), among others. He has served in senior positions within the Kenya Government, United Nations related bodies, the Central Bank of Kenya and as founder and Chief Executive of both the College of banking and finance and the Export Promotion Council of Kenya.
As a corporate leader, Mr Muthoka has wide and varied experience in the public and private sectors in the fields of finance, investment, management and international diplomacy. In 2012 he was awarded the medal of Elder of the Burning Spear (EBS) by the President of Kenya for distinguished service rendered to the country especially in the areas of finance, investments, corporate social responsibility and philanthropy. Prior to that, in 2004, Mr Muthoka was awarded the medal of Moran of the Burning Spear (MBS) for devotion, commitment, loyalty and exemplary service rendered to the Kenyan public service and international organisations.
Ralph Mupita, Chairman of Old Mutual Africa Holdings, said:
"We are very delighted that Mr Muthoka has agreed to join our respective Boards .His valuable knowledge and insight into the financial services industry will be crucial as we look to expand our presence in the African region
Paul Hanratty, Chairman of Old Mutual Emerging Markets remarked:
The appointment shows the importance of Kenya in our strategy of expanding our emerging markets businesses.
Mr Muthoka commented:
"I look forward to joining the team at a time when the Group is embarking on a crucial expansion drive in Africa