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The Kenya Times
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Old Mutual Announces Board Changes

by
March 28, 2024
Reading Time: 3 mins read
Old Mutual

A collage of Ann Wainaina and Craig Aitchison. PHOTO/ Courtesy.

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Old Mutual Holdings has announced the appointment of Joyce Ann Wainaina and Craig Aitchison as the company’s non- executive director with effective from March 15, 2024.

In a statement seen by The Kenya Times, the company congratulated the two on their new positions.

“We take this opportunity to congratulate and welcome Joyce Ann and Craig to the board and look forward to their valuable contribution,” read the statement in part.

The financial company further announced the resignation of former non-executive director. 

Old Mutual Announces Board Changes After Abrupt Resignation
Joyce Ann Wainaina at City Bank. PHOTO/ Courtesy.

“The board of directors hereby announces the resignation of Shailesh Devchacnd as a non-executive director on the board with effect 15th March 2024,” read the statement.

Shailesh joined the board on 13th November 2019 and during his term, made valuable contributions to the company,”

About Old Mutual New Board Members 

Joyce’s journey from her roles as founder and managing partner at Chui ventures to her current position is marked by a history of leadership and expertise.

With over 30 years’ experience, she honed her skills at Citibank, where she held various senior positions across Africa.


Also Read: AMG Realtors Appoints New CEO In Fresh Leadership Changes


Her illustrious career saw her serve as the managing director of Global Network Banking Sub Saharan Africa and CEO of Citi East Africa, garnering accolades such as the Citi Group Global Award Execellence and the Kenya Institute of Management’s Manager of the year Awards.

Transitioning from her corporate roles, Joyce Ann has been deeply involved in talent development initiatives across Africa.

Notably, she spearheaded the Sapphire Leadership Programe at Citibank, aimed at nurturing senior talent across emerging markets.

Her commitment to empowering women in the banking industry led to the establishment of mentorship programs in collaboration with key institutions like the Kenya Bankers Association and the Central Bank of Kenya.

Currently, Joyce Ann’s influence extends beyond the corporate realm as she serves as a director at Bawan Limited and the founding Trustee of the Warjul Education Trust, demonstrating her dedication to broader societal impact.


Also Read: ATC Kenya Appoints George Odenyo as CEO


With academic credentials including an MSc in Financial Economics from the University of London and a BSc in Finance from Duquesne University, Joyce Ann continues to contribute as a Senior Fellow at the Jackson School for Global Affairs, Yale University.

Craig Aitchison

Craig Aitchison also received his appointment pending approval by the Insurance Regulatory Authority.

Craig brings with him a wealth of experience spanning 25 years in the financial services industry, with a strong emphasis on customer outcomes and enhancing customer experiences.

Currently serving as the Executive Head of Customer at Did Mutual Limited, Craig is tasked with delivering exceptional customer experiences and overseeing customer engagement and market conduct functions.

His previous roles include leadership positions at Old Mutual, where he demonstrated his expertise in operations, service delivery, and managerial oversight.

Craig’s holds a Bachelor of Science in Actuarial Science from the University of Witwatersrand.

He also holds the esteemed title of Fellow of the Actuarial Society, underscoring his expertise in the field.

Additionally, he serves as a director on the Old Mutual Alternative Solutions Board, further solidifying his influence in the industry.

Old Mutual Holding PLC, formerly UAP is a finance service group that operates an integrated financial services business model offering insurance, investment, banking and savings solution. 

The company offers financial solutions to retail and corporate customers across key markets in 14 countries.

Old Mutual Announces Board Changes After Resignation
A photo of the old mutual building. PHOTO/ Courtesy.

 

Tags: New Leaders UnveiledOld Mutual Holdings

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