- Financier Lazarus Muema has been appointed Family Bank Chairman months after Francis Gitau Mungai who had been named for the role died in the US
- Muema brings over 30 years of experience in finance, insurance, and pensions, having held roles at Shell and as founder of Penplan Services Limited
- Muema’s extensive board experience is expected to propel Family Bank’s mission and growth
Muyela Roberto is a business journalist at TUKO.co.ke with over 9 years of experience in the digital media, offering deep insights into Kenyan and global economic trends
The Family Bank Board of Directors has appointed Lazarus Muema as the new Chairman, stepping into the role following regulatory approval.
Source: UGC
Muema’s appointment comes after the untimely passing of architect Francis Gitau Mungai, who was appointed Chairman earlier this year but tragically passed away in the United States shortly after his selection.
Read also
Raila Odinga returns to limelight after weeks of silence, set to launch AUC bid in Addis Ababa
Muema brings decades of finance expertise
Muema has been an integral member of the Family Bank Board since 2017, serving as a Non-Executive Director and chairing several key committees, including the Board Strategy, Audit, and Risk Committees.
With a robust background in finance, insurance, and pensions, he brings over three decades of expertise to his new role.
A Bachelor of Commerce graduate from the University of Nairobi and a Certified Public Accountant (CPA(K)), Muema has extensive experience, including senior positions with Shell in Kenya, Uganda, and London. He is also the Founder of Penplan Services Limited, a pension consulting firm.
Beyond his role at Family Bank, Muema has served on various boards within the industry, such as Chair at Riscura Solutions (Kenya) Limited, NBCI Limited, and as a Board Member of Kenya Orient Insurance Limited.
Read also
Kenyan newspapers review: Mt Kenya MPs push Ruto to mend ties with Uhuru over hostile ground
His previous leadership roles include Chairmanship at the Association of Retirement Benefits Schemes of Kenya, Bright Technologies Limited, and Nanga Investments Limited.
Lazarus Muema aims to drive Family Bank’s strategic growth
Muema’s appointment fills the gap left by Francis Gitau Mungai’s passing. Mungai, who joined Family Bank’s board in 2016, was named Chairman in May 2024 to succeed Wilfred Kiboro, who had led the bank through pivotal moments, including the COVID-19 pandemic and the 2016 banking crisis.
Mungai has served as vice chairman for the last two years.
Muema’s extensive experience and leadership skills are expected to drive Family Bank’s strategic vision forward as it continues to expand its reach in Kenya’s dynamic banking sector.
Source: TUKO.co.ke
