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Message from the Board
Our Board
Our Board Of Directors includes members with diverse experience in various fields including law, banking and management.
Mr. Daniel Ndonye
Chairman of the Board
Mr. Daniel Ndonye
Chairman of the Board
Mr. Daniel Ndonye is a chartered accountant by profession, having worked with Deloitte & Touche for over 30 years, 20 of which he was the Managing/ Senior Partner. He is a fellow of the Institute of Chartered Accountants in England and Wales, the Institute of Certified Public Accountants of Kenya and the Institute of Certified Secretaries of Kenya. He has a broad range experience at Board level and sits on the boards of several companies including Kakuzi Plc and APA Insurance.
Mr. S. B. R. Shah, MBS
Non-Executive Director
Mr. S. B. R. Shah, MBS
Non-Executive Director
Mr. Suresh Raja Shah is a founder member and Chairman Emeritus of the Board. He has vast experience in the banking industry and in business. In December 2002, he was bestowed the Honour of a Moran of the Order of the Burning Spear. He sits on the boards of several companies.
Mr. Sarit S. Raja Shah
Group Executive Director
Mr. Sarit S. Raja Shah
Group Executive Director
Mr. Sarit S Raja Shah has been the Executive Director of I&M Bank since 1993 and was appointed as Group Executive Director in August 2018. He holds a master’s degree in Internal Audit and Management from City University London. He also serves on the boards of several companies including GA Insurance Limited.
Mr. Sachit Shah
Non-Executive Director
Mr. Sachit Shah
Non-Executive Director
Mr. Sachit S. Shah holds a Bachelor of Science degree in Banking and Finance from City University London. He is a Director of GA Insurance Limited. He has previously worked at HSBC and Citibank in London. He sits on the Boards of various companies.
Mr. Gul Khan
Chief Executive Officer
Mr. Gul Khan
Chief Executive Officer
Mr. Khan has over 23 years of international financial services experience, mostly with HSBC Bank having worked in Europe, North America, Asia, Middle East and Africa. Mr. Khan is recognized as a leader in both the banking and fintech industries with a proven track record of delivering growth and transformation. Prior to becoming the Chief Executive officer of the Bank, Mr. Khan was the Head of Products at Airtel Money Africa, where he played a key role in driving financial inclusion across 14 African markets.
Mr. Soundararajan
Independent Non-Executive Director
Mr. Soundararajan
Independent Non-Executive Director
Mr. Soundararajan joined the board as an independent director in 2009. His illustrious banking career spans about four decades, initially in India and the United States of America and then in Kenya from 1988. He has held senior executive and leadership positions in Standard Chartered Financial Services as Assistant Director, Corporate Finance; Commercial Bank of Africa (now NCBA) as Director, Corporate Banking; CFC Financial Services (now SBG Securities) as its first Managing Director and CFC Bank as Managing Director before its acquisition by Stanbic Bank in 2008. He served on the board of Central Depositary & Settlement Corporation (CDSC) for four years from 2004 to 2008. He is currently the Country Head of Meghraj Group of Companies in Kenya. Mr. Soundararajan also serves on the Board of I&M Bank Tanzania where he is an Independent Director and the Board Chairman. He also sits on the boards of GA Insurance, GA Life Assurance, GA Insurance-Tanzania and Car & General (Kenya) Plc. He served on the board of Central Depository & Settlement Corporation (CDSC) for four years from 2004 to 2008. Mr. Soundararajan holds a Master of Arts degree from Madras Univers
Dr. Nyambura Koigi, MBS
Independent Non-Executive Director
Dr. Nyambura Koigi, MBS
Independent Non-Executive Director
Dr. Koigi joined the Board in April 2015. She has worked in various capacities in the financial sector including banking, business development, information technology and was the Managing Director at Postbank for nine years. Nyambura is also trained in management of Pensions Funds, is a certified trainer in corporate governance and in alternative dispute resolution-mediation. She holds a Doctorate in Business Administration from the Nelson Mandela Metropolitan University, Master of Business Administration and Bachelor of Arts Degree both from the University of Nairobi, trained in microfinance from the Boulder Institute of Microfinance. She is a Fellow of the Institute of Certified Secretaries of Kenya and the Kenya Institute of Management and a member of the Institute of Directors. She sits in several private and public sector boards.
Mr. Alan James Dodd
Independent Non-Executive Director
Mr. Alan James Dodd
Independent Non-Executive Director
Mr. Dodd joined the board in 2021 having had a long distinguished career in banking spanning over 43 years. He has a wealth of experience having served the banking industry in various executive capacities in Kenya, Asia and the Middle East. The first 28 years of his career were spent with Standard Chartered Group, latter in East Africa where he rose to the position of Executive Director responsible for Corporate and Service Quality. In 2006 he joined NIC Bank Kenya Ltd (now NCBA), where he held the position of Executive Director responsible for Corporate, Asset Finance, including Leasing, and Bancassurance until end of 2020. Mr. Dodd holds a BA (Hons) degree in Economics from University of Portsmouth, UK and is a member of The London Institute of Banking and Finance. He brings significant knowledge and experience in the financial sector, governance protocols, risk management disciplines and customer service. He sits on several boards including GA Insurance and I&M Bank (Rwanda) Limited.
Ms. Phyllis Wakiaga
Independent Non-Executive Director
Ms. Phyllis Wakiaga
Independent Non-Executive Director
Ms. Phyllis Wakiaga joined the Board of I&M Bank Kenya Limited with effect from 29th January 2024 following receipt of approval from the Central Bank of Kenya. Phyllis is the former Chief Executive Officer and Secretary to the Board at Kenya Association of Manufacturers (KAM), where she served for 9 years. She is currently a Senior Advisor, at the Tony Blair Institute for Global Change. Phyllis is an Advocate of the High Court of Kenya with over 18 years of experience in Corporate Leadership, Governance, Public Policy, Government Relations, Sustainability and Private Sector development. She has served on several boards over the years including Kengen, Kenya Roads Board, BAT Kenya, MRM, Institute of Economic Affairs, International Centre for Research on Women (Africa Board) amongst others. She holds a Masters’ degree in International Trade and Investment Law from the University of Nairobi and an Executive Master of Business Administration from Jomo Kenyatta University of Agriculture and Technology and is currently a Ph.D. student in Leadership and Governance at the same institution.
Mr. Nikhil Hira
Independent Non-Executive Director
Mr. Nikhil Hira
Independent Non-Executive Director
Mr. Muchemi Wambugu, MBS
Independent Non-Executive Director
Mr. Muchemi Wambugu, MBS
Independent Non-Executive Director
Mr. Wambugu joined the Board in February 2019. He is a Management Consultant and founder of Sirius Consult. He holds an Honors degree in Commerce, majoring in Management Information Systems from the University of Manitoba, Canada, and a master’s Certificate in Project Management from the University of California-Berkeley, USA. He is a certified member of the Project Management Institute (PMI) and also an International Coaching Federation certified Executive and Systemic Team Coach. He sits on the boards of several other organizations.