NCBA Group PLC has announced changes to its leadership structure with the appointment of Michael Howard Davis and Anél Bosman as directors of the company and Esther Wanjiku Kung’u as Group Company Secretary.
The appointments took effect on November 3, 2026, according to a public notice issued by the lender’s board of directors.
NCBA Appoints Two New Directors
Michael Davis joins the board as a non-executive director. He is the Chief Financial Officer and an executive director of Nedbank Group Limited.
He also serves as a non-executive director of Nedbank Private Wealth Limited in the Isle of Man.
Davis brings more than 28 years of financial services experience.
His expertise spans financial management, banking, treasury, risk management, capital management, balance sheet management, regulatory oversight and corporate governance.
He previously worked at BoE Bank Limited before Nedbank acquired it.
Also Read: Kenyan Banks Unveil New Plan Affecting How Loans Are Approved
He also worked at Deloitte, where he specialised in banking, treasury and risk management.
Davis is a Chartered Accountant in South Africa and holds a Bachelor of Commerce Honours degree and a Postgraduate Diploma in Accountancy from the University of KwaZulu-Natal in Durban, South Africa. He has also completed an Advanced Management Programme at INSEAD in Fontainebleau, France.
In November 2024, CFO South Africa recognised Davis as CFO of the Year.
Anél Bosman has also joined the NCBA board as a non-executive director. She is the Chief Executive of Nedbank Corporate and Investment Banking and has served within the Nedbank Group for about 24 years.
Bosman began her career as a trader before becoming Head of Risk for Nedbank Capital. She later served as Chief Financial Officer and Head of Strategy for Nedbank Capital.
She was appointed Chief Operating Officer of the cluster in 2011 and led the Markets business between 2015 and 2020.
Her professional experience covers corporate and investment banking, financial markets, risk, finance, strategy and senior executive leadership.
Bosman holds a Bachelor of Commerce degree in Econometrics, which she graduated with Cum Laude honours from the University of Johannesburg. She also holds a Master of Philosophy degree in Economics from the University of Cambridge.
In addition, she completed an Advanced Management Programme at Harvard University.
Esther Kung’u Named Company Secretary
The board also announced the appointment of Esther Wanjiku Kung’u as Group Company Secretary.
Kung’u joined the NCBA Group through NCBA Insurance Company Limited in 2008 and has risen through the organisation to her current position.
She is an Advocate of the High Court of Kenya and a Certified Public Secretary (CPS-K). She also holds an Executive Master of Business Administration degree from Moi University.
The appointment places her in charge of the group company secretary function as NCBA continues to strengthen its governance structures.
Also Read: Safaricom Ethiopia Appoints Samuel Munyua as CFO
NCBA said the board congratulated Davis, Bosman and Kung’u on their appointments and expressed confidence in their contribution to the group’s future growth and governance.
“The Board congratulates Michael, Anél and Esther on their appointments and looks forward to their contribution to the continued growth and governance of NCBA Group PLC,” the statement read.
The announcement was issued on behalf of the board by Group Managing Director John Gachora.
The appointments come a day after Nedbank Group Limited completed the acquisition of roughly 66 per cent of NCBA Group PLC, becoming the lender’s controlling shareholder and securing representation on the board.
Michael Howard Davis and Anél Bosman’s appointment as non-executive directors are among the first governance changes arising from the deal, strengthening board representation from Nedbank and deepening ties between the two banking groups.
Follow our WhatsApp Channel and X Account for real-time news updates and our YouTube Channel for in-depth interviews.
