About KDIC

Governance & Leadership

KDIC is governed by a Board of Directors appointed by the Cabinet Secretary for the National Treasury, and led by a Senior Management Team committed to excellence in deposit insurance.

Board of Directors

KDIC is governed by a Board of Directors comprising independent members with expertise spanning finance, law, economics, technology, and governance.

Mrs. Hannah W. Muriithi, EBS

Mrs. Hannah W. Muriithi, EBS

Chairperson

Chairperson

Mrs. Hannah W. Muriithi, EBS

Qualifications

  • MBA, Strategic Management: Moi University
  • LL.B (Hons.): University of Nairobi
  • Postgraduate Diploma in Law: Kenya School of Law
  • Certified Public Secretary (CPS-K)
  • Member, Law Society of Kenya
  • Member, Institute of Certified Public Secretaries of Kenya (ICSK)

Areas of Expertise

Legal PracticeCorporate GovernanceStrategic ManagementAdvocacy

Experience

Hannah is an advocate of the High Court of Kenya with over 20 years of experience in legal standing. She is currently practicing Law in the name and style of Hannah Muriithi & Co. Advocates in Nairobi, specialising in Legal Research & Consultancy, Legal Audit and Emerging Areas of Law.

As Chair of the Task Force for Universal Health Coverage (UHC), notable achievements in Hannah's governance pathway was the formulation of the UHC framework, currently documented in the Government's vision and Development Blueprint as one of the keys in the 'Big Four' Agenda. The strategy guarantees accessible, affordable, and sustainable health insurance (2018–2021).

Hannah was the Founder Chairperson of the Board of Kenya National Highways Authority (KeNHA), where she spearheaded the operationalisation of the organisation from inception to become one of the revered parastatals in the country. She has also served as Chairperson of a Task Force under the Ministry of Agriculture which succeeded in consolidating eight parastatals to form Agriculture, Fisheries and Food Authority (AFFA).

Dr. Kamau Thugge, C.B.S.

Dr. Kamau Thugge, C.B.S.

Member

Member

Dr. Kamau Thugge, C.B.S.

Qualifications

  • PhD, Economics: Johns Hopkins University, USA
  • Master’s, Economics: Johns Hopkins University, USA
  • Bachelor’s Degree: Colorado College, USA

Areas of Expertise

Monetary PolicyEconomic ResearchCentral BankingFinancial RegulationPublic FinanceFiscal Policy

Experience

Dr. Kamau Thugge, C.B.S., is the tenth Governor of the Central Bank of Kenya (CBK), and has been in office since June 19, 2023. Dr. Thugge joined CBK after a long and distinguished career in the international and Kenyan public service.

He worked in the International Monetary Fund (IMF) in both policymaking and non-policymaking departments, including the Policy Review and Development Department and the Trade Policy Division. In these roles, Dr. Thugge helped to design the Highly Indebted Poor Countries (HIPC) Initiative as well as other policy initiatives. He also worked on various Article IV missions and served as Mission Chief to Botswana and Lesotho in the wake of the Global Financial Crisis.

Dr. Thugge has held various senior roles in Kenya, including Head of the Fiscal and Monetary Affairs Department at the National Treasury, Economic Secretary, Senior Economic Advisor, and Principal Secretary at the National Treasury. Most recently he served as Senior Advisor to the President and Head of Fiscal and Budget Affairs. He has also served on various boards including those of the Central Bank of Kenya, the Kenya Revenue Authority, and the Capital Markets Authority.

Hon. CPA John Mbadi Ng’ongo, EGH

Hon. CPA John Mbadi Ng’ongo, EGH

Member

Member

Hon. CPA John Mbadi Ng’ongo, EGH

Qualifications

  • B.Com, Accounting: University of Nairobi
  • CPA (K): ICPAK
  • Member, Architectural Association of Kenya (AAK)
  • Member, Institute of Quantity Surveyors of Kenya
  • Member, Chartered Institute of Arbitration

Areas of Expertise

FinanceAccountingPublic PolicyFiscal ManagementLegislative LeadershipBudgeting

Experience

Hon. John Mbadi is the Cabinet Secretary (CS) for The National Treasury and Economic Planning. Before his appointment, Hon. Mbadi had an extensive career in public service, most recently serving as a nominated Member of Parliament (MP) and the Chairperson of the Public Accounts Committee in the National Assembly.

The CS has a rich history in legislative leadership, having served as the elected MP for Suba South Constituency, Suba Constituency, and Gwassi Constituency. His experience extends to roles such as Assistant Minister in the Office of the Prime Minister and Leader of Minority in the National Assembly. Throughout his parliamentary tenure, he was a member of numerous key committees including the House Business Committee, Budget and Appropriations Committee, Public Accounts Committee, and the Defence and Foreign Relations Committee.

In addition to his political and legislative accomplishments, the CS is a seasoned finance professional with 28 years of experience. He has held the position of Accountant at the University of Nairobi and served as the Chair of Medair East Africa. His skills span planning, budgeting, financial analysis, accounting, economics, and community development.

Mr. Joseph Kiptoo Ng’etich

Mr. Joseph Kiptoo Ng’etich

Member

Member

Mr. Joseph Kiptoo Ng’etich

Qualifications

  • DBA (Pursuing), Leadership & Organizational Change: USIU
  • Double MBA, Strategic Mgmt & HRM: USIU
  • BBA, Accounting: University of Eastern Africa, Baraton
  • Higher Diploma in Human Resource Management: Diploma in Law (Paralegal)

Areas of Expertise

Human ResourcesStrategic ManagementLeadership & GovernanceChange ManagementTalent ManagementOrganisational Restructuring

Experience

Joseph Kiptoo Ng'etich is an accomplished Human Resource Practitioner with over 25 years of experience cutting across public and private sectors, academia and consulting.

Mr. Ng'etich has served in various organisations among them KASNEB, KCCT (currently Multimedia University), Bob Morgan Services Ltd and Kapsabet Nandi Water and Sanitation Company (KENAWASCO) where he currently sits as an independent non-executive board member. He is credited for various achievements such as averting looming strikes of workers through strategic negotiations, guiding the formulation of policies, structure reviews and restructuring of companies.

Some of his areas of interest include leadership and governance, strategy development and execution, change management, organisational restructuring, capacity building and talent management. He is a member of the Institute of Human Resource Management (IHRM), Kenya Institute of Management (KIM) and the Institute of Directors.

Mr. Paul Orem

Mr. Paul Orem

Member

Member

Mr. Paul Orem

Qualifications

  • MSc, Applied Finance & Investment: Charles Sturt University (finalising)
  • B.Com, Finance: University of Nairobi
  • Post-Graduate Diploma: Middlesex University
  • CFA Level 1: CFA Institute
  • Certificates in AML & Unlocking Investment (World Bank Group)

Areas of Expertise

Capital MarketsCorporate FinanceInvestment BankingPortfolio ManagementProject FinanceResearch & Analysis

Experience

Paul Orem is currently the Managing Partner/CEO at Chiromo Capital Partners Ltd, a boutique corporate financial advisory company. He brings experience from previous roles at ABC Capital Limited, International Executive Service Corps (IESC), NCBA Bank PLC, Dyer & Blair Investment Bank Ltd, Bank of Africa PLC, CFC Stanbic Financial Services Ltd, Old Mutual Asset Managers EA PLC and Madison Insurance Company Ltd.

Mr. Orem has served in several senior management positions as the Chief Executive Officer, Executive Director, General Manager, Senior Manager, Senior Portfolio Manager, Investment Manager and Research Manager. He has also served as a member of board of directors in several companies and schools in Kenya.

Major career milestone achievements include development of financial valuation models for equity and fixed income securities; co-manager in the first historic Kenya International Sovereign Debt — Eurobond that raised USD 2.75 billion (oversubscribed by 375%); team leader in the restructuring of Kenya Power & Lighting Company balance sheet; and team leader in the KenGen financial advisory and arranging services of the rights issue that raised USD 265 million.

Mr. Raimond Molenje

Mr. Raimond Molenje

Member

Member

Mr. Raimond Molenje

Qualifications

  • LL.B: University of Nairobi
  • Postgraduate Diploma in Law: Kenya School of Law
  • International Diploma in HR Management: Cambridge International College, UK

Areas of Expertise

Legal PracticeHR ManagementPolicy AdvocacyStakeholder EngagementBanking IndustryCorporate Governance

Experience

Raimond Molenje is the Chief Executive Officer of the Kenya Bankers Association (KBA), where he steers the Association's strategic direction, focusing on banking industry advocacy, development, sustainability, industry capacity building, and stakeholder relationships.

Raimond has been with KBA since 2018, previously serving as Director of Legal, Human Resources, and Policy Advocacy. He was appointed CEO in 2024, bringing with him over 20 years of diverse experience in legal and regulatory practice, human resources leadership, policy advocacy, and stakeholder engagement. His previous roles include corporate legal counsel, human resources advisor, and industrial and employee relations specialist.

Prior to joining KBA, Raimond worked with De La Rue, Equity Bank, the Federation of Kenya Employers, and the Rural Electrification and Renewable Energy Corporation. He is an Advocate of the High Court of Kenya, a Commissioner for Oaths and Notary Public, and a practicing member of both the Law Society of Kenya (LSK) and the Institute of Human Resource Management (IHRM).

Ms. Anne Kamais Lokidor

Ms. Anne Kamais Lokidor

Member

Member

Ms. Anne Kamais Lokidor

Qualifications

  • BSc, Computer Science

Areas of Expertise

IT Consultancye-Payment SystemsProject ManagementPublic PolicySports ManagementEducation

Experience

Anne Kamais Lokidor is an IT Consultant with over 13 years' experience in public service and 5 years as a consultant in the field of Technology, Communication, Media and Marketing. She has previously worked with the Ministry of Agriculture at the National Cereals and Produce Board, Nairobi City County Government and Endeleza Sports Limited.

Her achievements in the public sector include implementing applications and infrastructure projects for the World Bank Kenya Municipal Technology Project. Ejiji Pay gained national and international acclaim — awarded first position in 2016 at the Kenya Customer Service Week as 'the best innovative solution to ease provision of service to the public' and 2nd best IT solution in Rwanda after Kigali.

She is experienced in sports management, notably serving as Vice Chairperson of the Local Organising Committee of IAAF for the World Under-18 Athletics Championship. She has sat on several boards including the Nairobi County Education Board, Nairobi Technical College Board, and the Kenya Memory of the World Expert Committee (UNESCO).

Ms. Anne Rimbaine Lengerded

Ms. Anne Rimbaine Lengerded

Member

Member

Ms. Anne Rimbaine Lengerded

Qualifications

  • M.A, Economics: University of Nairobi
  • B.A, Economics: University of Nairobi
  • Member, Institute of Risk Management

Areas of Expertise

Policy DevelopmentPolicy AnalysisSupply Chain Management

Experience

Ms. Anne Rimbaine Lengerded is an accomplished economist with extensive experience in public policy, economic analysis, and supply chain management.

She holds a Master of Arts and a Bachelor of Arts in Economics, both from the University of Nairobi, and is a Member of the Institute of Risk Management.

Her expertise spans policy development and analysis, risk management, and supply chain optimisation, bringing a multidisciplinary perspective to the Board of the Kenya Deposit Insurance Corporation.

Mrs. Hellen Chepchumba Chepkwony

Mrs. Hellen Chepchumba Chepkwony

Chief Executive Officer

Chief Executive Officer

Mrs. Hellen Chepchumba Chepkwony

Qualifications

  • M.A, Economics: University of Nairobi
  • B.A, Economics: University of Nairobi
  • Member, Institute of Risk Management

Areas of Expertise

EconomicsStrategic LeadershipRisk ManagementFinancial PolicyProcess ImprovementTeam Management

Experience

Mrs. Hellen Chepchumba Chepkwony is an astute professional with a demonstrable progressive track record in strategic leadership and management, spanning over twenty years. She is a distinguished economist and risk management professional with extensive exposure in both the public and private sectors.

Mrs. Chepkwony's illustrious career has seen the University of Nairobi alumna gain tacit knowledge, which has been instrumental in the creation and management of highly productive teams. She has achieved remarkable successes in her transformative agenda, striking a balance between cost reduction, efficiency and high productivity through savvy implementation of process improvements.

Specific highlights include her contribution to the Financial Sector Assessment Program with the IMF, formulation of key frameworks that saw KDIC's transition into a fully-fledged State Corporation and deposit insurer, resolution of problem banks, as well as the upward review of the Corporation's coverage limit of KSh 500,000. She previously served at the Central Bank of Kenya prior to her appointment as KDIC's acting Chief Executive Officer.

Senior Management Team

Led by the CEO & Managing Director, KDIC's Senior Management Team drives day-to-day operations, strategy execution, and service delivery.

Mrs. Hellen Chepchumba Chepkwony

Mrs. Hellen Chepchumba Chepkwony

Chief Executive Officer

Chief Executive Officer

Mrs. Hellen Chepchumba Chepkwony

Qualifications

  • M.A, Economics: University of Nairobi
  • B.A, Economics: University of Nairobi
  • Member, Institute of Risk Management

Areas of Expertise

EconomicsStrategic LeadershipRisk ManagementFinancial Policy

Experience

Distinguished economist and risk management professional with over 20 years in strategic leadership.

Instrumental in KDIC's transition into a fully-fledged State Corporation, the Financial Sector Assessment Program with IMF, and the upward review of the Corporation's coverage limit to KSh 500,000.

Mr. Paul Manga

Mr. Paul Manga

Director, Deposit Insurance & Bank Surveillance

Director, Deposit Insurance & Bank Surveillance

Mr. Paul Manga

Qualifications

  • MBA Finance
  • BSc Agric Engineering
  • CIFA (K)
  • ACI Dealing & Operations
  • Member, ICIFA

Areas of Expertise

Finance & RiskTreasury OperationsMarket RiskBanking

Experience

Finance and Risk professional with 15 years' experience in banking.

Worked with Standard Chartered Bank in Finance & Accounts, Treasury Operations and Market Risk for 7 years, and with KCB as Senior Market Risk Analyst and Regional Business Manager (EA) – Group Treasury for 8 years.

Mr. David Irungu

Mr. David Irungu

Director, Resolutions

Director, Resolutions

Mr. David Irungu

Qualifications

  • MSc Finance & Investments
  • B.Com Finance
  • CPA (K)
  • PRINCE II Practitioner

Areas of Expertise

Bank ResolutionLiquidationCrisis ManagementStrategy

Experience

Accomplished executive with over 15 years in the banking sector as both practitioner and regulator. Oversees liquidation of 18 financial institutions at KDIC.

Previously held management positions at Co-operative Bank, Housing Finance, Consolidated Bank, Equity Bank, and Key Micro Finance Bank (as CEO). Associate at Toronto Training Centre on Bank Resolution.

Ms. Mary Kiragu

Ms. Mary Kiragu

Director, Internal Audit

Director, Internal Audit

Ms. Mary Kiragu

Qualifications

  • MBA Finance
  • B.Ed (Accounting & Economics)
  • CIA
  • CPA
  • CISA
  • Certified Risk Analyst
  • ICPAK
  • IIA
  • ISACA

Areas of Expertise

Internal AuditRisk ManagementComplianceERM

Experience

Credible and distinguished professional with over 18 years in Internal Auditing, Compliance, and Risk Management.

Instrumental in establishing Enterprise Risk Management and Compliance functions. Provides independent and objective assurance to Board and Management on effectiveness of internal controls, governance and risk management processes.

Questions about KDIC's governance?

For enquiries about board composition, governance documents, or leadership, contact the KDIC Corporate Affairs office.

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