(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
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
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