Family Bank Managing Director & Chief Executive Officer Dr. David Thuku will be transitioning from the bank in six months time to go and pursue other personal interests.
Dr. Thuku, a career banker, has been at Family Bank for the past five and half years serving as Director, Retail Banking and later as the Managing Director and CEO.
As the Managing Director and CEO, Dr. Thuku steered the bank through a turbulent season for the banking sector characterized by re-positioning following the introduction of the interest-rate capping. He will leave the bank having pulled it back to profitably.
“We sincerely thank Dr. Thuku for his immense contribution to Family Bank journey and for overseeing the bank through a challenging season while steering it back to profitability. As a Board, we would like to wish him all the best in his new endeavor,” said Dr. Wilfred Kiboro, the Chairman of Family Bank’s Board of Directors.
Dr. Kiboro also announced that Dr. Thuku will continue to exercise his full role as CEO of the bank until a substantive replacement is recruited in six months and approved by the regulator.
