Mr. Lazarus Muema

Ag, Chairman

Lazarus was appointed to the Family Bank Board in 2017. He is a highly respected professional in the Finance/Pensions sector with experience spanning over 30 years, having held senior positions in multinational corporations both in Kenya and Europe. He has been a Finance Manager at Shell Exploration in Kenya and Shell Uganda, a Financial Controller at Kenya Shell and a finance advisor at Shell International London, rising through the ranks to the position of the Pensions Investment and Policy Advisor for Africa by the time he left in 2011.

He is a pension consultant with Penplan Services Limited, a Pensions Consultancy Firm that he founded in 2011. He is a board member in various companies including Kenya Orient Insurance. He is currently the Board Chair of Riscura Solutions (Kenya) Ltd, an investment consulting firm with its hold company based in South Africa. He is also the Board Chair of NBCI ltd, an investment company wholly owned by the Nairobi Baptist Church. He is a former Chairman of the Association of Retirement Benefits Schemes of Kenya, Bright Technologies Ltd and Nanga Investments Ltd.

Nancy Njau

Chief Executive Officer and Managing Director

Nancy Njau is an astute and seasoned banker with over 22 years of extensive experience in strategic leadership, agile business transformation, building high-performance teams, client solutions innovation, growth acceleration, assets and liabilities management, credit management, sales, customer service, coaching, training and mentorship.

Prior to her appointment as Family Bank Chief Executive Officer, Nancy served as the Chief Commercial Officer. Having begun her career at the Bank as a Management Trainee, she has since served in numerous instrumental positions including Chief Officer- Public Sector Banking, Head of Strategic Partnerships, Head of Retail Banking, and Regional Manager- Rift and Western Kenya and Nairobi Central Business District.

Given her vast expertise, she has garnered numerous certifications. She is a Certified Public Accountant of Kenya, Certified Executive Leadership Coach through CDI Africa and an alumnus of the Advanced Management Program from Strathmore University Business School, CEIBS Business School in Accra, Ghana, and IESE Business School in Barcelona, Spain. As a transformative leader she also holds various certifications in diverse disciplines such as coaching, customer experience and performance management.

Nancy holds a Masters of Business Administration in Strategic Management from Jomo Kenyatta University of Agriculture and Technology, a Bachelor of Commerce (Accounting Option) from Kenyatta University and a Higher Diploma in Human Resource Management. She is also an active member of the Institute of Certified Public Accountants of Kenya (ICPAK), the Institute of Human Resource Management (IHRM), and the Kenya Institute of Management (KIM).

Her passion, commitment to excellence and team-driven approach has been instrumental in creating a customer-centric culture within the Bank, driving business growth and profitability, and ensuring exceptional customer experience.

Titus K. Muya

Non-Executive Director

Mr Titus Kiondo Muya, popularly known as TK, is one of Kenya’s most outstanding and visionary entrepreneurs and the founder of several successful businesses spanning the banking, insurance, real estate and agriculture sectors.

After a successful career in public service in the 1960s, 1970s and early 1980s, TK ventured into entrepreneurship. He founded Family Bank in 1984 and served as the Bank’s Chief Executive Officer until June 2006. From 2006 to 2012, he served as a Non-Executive Chairman of the Bank. Family Bank was established as a financial institution to serve the needs of the unbanked population. TK envisioned accessible and affordable financial services as a tool for poverty alleviation and economic empowerment of communities.

He is also associated with other companies, including Daykio Plantations Ltd, Kenya Orient Insurance Ltd, Kenya Orient Life Assurance Limited and Orient Asset Managers, among others on whose Boards he sits or is represented in different capacities.

TK has also championed social empowerment through education, health and environmental conservation, especially through The Family Group Foundation, which today offers scholarships and mentorship to over 1000 children in all 47 counties.

In recognition of his entrepreneurship, leadership and contribution to the banking industry, the Marketing Society of Kenya awarded TK the Trailblazer Award. In December 2011, the late former President Mwai Kibaki bestowed the award of the Elder of the Order of the Burning Spear (EBS) on TK in recognition of his distinguished service to the nation through entrepreneurship and his contribution to the banking industry.

Ms Mary Njeri Mburu

Non-Executive Director

Ms Mburu was appointed to the Board of Family Bank in October 2020. She has vast experience in project management. Ms. Mburu has been a Senior Acquisition and Assistance Specialist (Senior A&A Specialist) at USAID Overseas Missions designated as a Third Country National (TCN) for six years. Before her overseas assignment, she worked at the USAID Regional Mission in Nairobi serving South Sudan, DR Congo  for 7 Years as an Acquisition and Assistance Specialist (A&A Specialist). Previously, Mary worked for the Kenya Pipeline Company as a Senior Officer in Procurement.

She holds a Master’s in Business Administration (MBA) from United States International University (1994) and a Bachelor of Science in Agriculture from the University of Nairobi. She is pursuing a Doctorate in Business Administration (DBA) in Leadership.  Professionally, Ms Mburu is a Chartered Certified Accountant, Contracting Officer Representative (COR) in Project Management USAID University, and Certified Contracts Specialist from Federal Acquisition Institute (FAI). Ms Mburu holds a certificate in Financial Technology (FinTech); she is a practicing consultant in budget, procurement and project implementation.

Mr. David Muni Ichoho

Non-Executive Director

Mr. Ichoho joined the Board in March 2023. He is also a director at KTDA Holdings Ltd. He has over 20 years of experience and has worked in various capacities in the insurance industry, manufacturing and processing, tax and human resources.

He has held senior management positions at UAP Insurance Co. Ltd, Bank of America—Texas, USA, Texas Instruments—Texas, US, The Ministry of Gender, Sports, Culture and Social Services—Kenya, Kenya Forest Services/Kenya Forestry College.

Mr Ichoho holds a Master’s in Business Administration (MBA) in Human Resource Management from Kenyatta University, a BA in Economics and Geography from the University of Nairobi and a Higher National Diploma in Human Resource Management from the Institute of Human Resource Management.

Eric Murai

Company Secretary and Chief Legal Officer

Eric is an experienced in-house counsel and corporate governance professional, having previously worked as the Assistant Company Secretary at Britam Holdings Plc and as Legal Counsel at Standard Chartered Bank Kenya. He has vast experience in banking and finance law, corporate finance projects, corporate governance, and regulatory compliance.

He is an Advocate of the High Court of Kenya, a member of the Law Society of Kenya and the Institute of Certified Secretaries, and a certified professional mediator. He was appointed Company Secretary and Head of Legal Services in October 2019.

Eric holds a Master of Laws (LL.M) and a Bachelor of Laws (LL. B) from the University of Nairobi and a BSc. in Applied Accounting from Oxford Brookes University. He has attended the prestigious Advanced Management Programme at Strathmore Business School.

Mark Keriri

Non-Executive Director

Mr. Mark Keriri has over twenty years’ experience in Information Technology both in Kenya and the United States.

Mr. Keriri previously worked with Family Bank between 2002 and 2015. Before Joining Family Bank, Mr. Keriri worked as a programmer with PNC Bank in Pittsburgh, Pennsylvania, USA.

Mr. Keriri is also a director at Daykio Plantations Ltd, Kenya Orient Insurance Ltd and Kenya Orient Life Assurance Limited.

He holds a Bachelor of Science (Information Major) from Duquesne University in Pittsburgh, Pennsylvania.

Peninah Wanjira Kariuki

Director

Peninah has over 35 years of work experience working in various capacities within the banking and finance industry.

She began her career as a research manager at the Central Bank of Kenya after which she took on the role of Assistant to the Senior Resident Representative for the International Monetary Fund (IMF) Country Office in Nairobi.

She has held senior positions at the African Development Bank (AfDB) having served as a Senior Country Economist, Principal Country Economist & Chief Country Economist before ascending to the Country Manager position at the Sierra Leone Country Office of the AFDB. She has also served as the Lead Policy Advisor for the Cabinet Office of the President of the African Development Bank in Abidjan, Ivory Coast.

She holds a Doctorate of Philosophy from the University of Sussex, a Masters in Philosophy from the University of Cambridge and a Bachelor of Arts Degree in Economics from the University of Nairobi.

Hannah Njeri Mbugua

Director

Hannah is a seasoned banker with over 30 years of banking experience. She has an extensive track record working with cross functional teams, strategy formulation and execution, and people management.  

She joined Family Finance Building Society in 1990 as a Teller, growing through the ranks and serving in various capacities. Before she left Family Bank in 2020, she was a Senior Corporate Branch Manager. 

Hannah holds a Bachelor of Arts Degree in Social Sciences from The Catholic University of Eastern Africa (CUEA). She has obtained several certifications including a programme on Leadership, Ethics, and Corporate Accountability from Harvard Business School. 

Hannah is passionate about transforming the lives of communities, entrenching sustainable business practices and empowering young people. She is an active member of Kenya Institute of Bankers (KIB) and Kenya Institute of Management (KIM). She is currently a HR and Strategy consultant at Boma Mabati Factory Ltd and a Director at Certified Steel Mills Ltd.