The Kenyan financial sector sees a leadership shift as Dr. Habil Olaka joins Old Mutual as an independent Non-Executive Director. This appointment, effective June 3rd, 2024, brings a wealth of experience to the company’s board.
Dr. Olaka is a highly respected figure in the Kenyan financial landscape. He most recently served as the Chief Executive Officer of the Kenya Bankers Association (KBA). Prior to that, he held various leadership positions within the East African Development Bank (EADB) and Banque Indosuez (now Bank of Africa). His career began at PricewaterhouseCoopers, Nairobi, where he honed his skills in audit and business advisory services.
Dr. Olaka’s qualifications are equally impressive. He holds a Doctor of Business Administration from USIU-Africa, with a dissertation focused on leadership’s impact on commercial bank strategy implementation in Kenya. He further possesses an MBA in Finance from the Manchester Business School, UK, and a Bachelor of Science degree in Electrical Engineering from the University of Nairobi.
This diverse background, spanning financial leadership, corporate and investment banking, and operations management, positions Dr. Olaka to make significant contributions to Old Mutual. The company itself expressed its enthusiasm, stating, “The board welcomes Habil and looks forward to receiving his valuable contributions.”
Dr. Olaka’s appointment comes at a pivotal time for Old Mutual. His expertise and proven leadership will undoubtedly be assets as the company navigates the ever-evolving financial landscape.
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