Diamond Trust Bank (DTB) Kenya has announced that it will appoint a new Chief Executive Officer (CEO) to oversee the Group’s operations in Kenya.
In a notice on May 8, DTB Kenya Company Secretary Stephen Kodume announced strategic reorganizations in the Group management structure.
The Bank said the Group’s CEO and Managing Director (MD) Nasimi Devji will spend more time expanding the Bank’s operation in East Africa.
“Nasim Devji who has spearheaded DTB for over twenty (20) years and holds the dual position of Group Chief Executive Officer as well as the Chief Executive Officer (CEO) for DTB Kenya, going forward, will dedicate more time and focus on building and broadening DTB’s franchise across East Africa, as the Group embarks on its future course of enhancing customer experience and its product offering through digitalization initiatives,” the notice read in part.
DTB plans to hire a new CEO to take over the role Devji has played in the Group’s management for the last two decades.
“In this context DTB Kenya intends to recruit a country CEO who will report to Mrs. Devji along with the current country CEOs for DTB Burundi, DTB Tanzania and DTB Uganda,” the notice read.
How Changes Will Impact DTB
DTB explained that the strategic reorganization will strengthen the management structure as approved by the Board.
Besides, it will enhance the Group’s plans of building a strong franchise in the region, under the continuous leadership of Devji.
“The reorganization, as mentioned above, will take effect upon the appointment of the country CEO, subject to regulatory approvals,” read the notice.
“The Board of DTB Kenya, expresses full confidence in Mrs. Devji and wishes her well for this continued exciting journey in this landmark institution which has served the region, including Kenya for over seventy-five years.”
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Devji’s Reign at Diamond Trust Bank
Devji joined the DTB Group in 1996 and was later appointed Group’s CEO and MD in East Africa in 2001.
She is a Fellow of the Institute of Chartered Accountants of England and Wales, a Fellow of the Kenya Institute of Bankers, a Fellow of the Institute of Directors (Kenya) and an Associate of the Institute of Taxation (United Kingdom).
Devji is a director of DTB Tanzania, DTB Uganda, DTB Burundi, Jubilee Insurance Burundi and Diamond Trust Bancassurance Intermediary Agency Limited.
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She has previously served on the Board of the Nairobi Securities Exchange (NSE) Limited and as a member of the Kenya Deposit Insurance Corporation.
Diamond Trust Bank (DTB) is a leading regional bank and an affiliate of the Aga Khan Development Network (AKDN).
DTB is listed on NSE and has operated in East Africa for over seventy-five years.
Currently, DTB has 84 branches in Kenya, 36 branches in Uganda, 29 branches in Tanzania and 4 branches in Burundi.
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