Cornelius Ashira

Cornelius Odhiambo Ashira, aged 56, joined the Board in 2014. Mr. Ashira is the Director Representing Nairobi Province Parastatal based societies. He is currently a board member of Kumbu Kumbu Sacco and the Chairman of the Credit Committee. Mr. Ashra is also a delegate at KUSCCO Limited. He worked with International Center for Insect Physiology and Ecology between 1988 and 1990 as a laboratory technician. Currently, the Director is working at the Institute of Primate Research, Karen. He is a member of the institute of Directors of Kenya.

Mr. Humphrey Gathungu

Mr. Humphrey Gathungu is the Managing Director of CIC Asset Management Limited. He holds a Master’s Degree (MBA) in Global Business Management, USIU and a Bachelor of Science in International Business from the same University. Mr. Gathungu is a CFA Charter holder, a Certified Public Accountant (K) and a member of ICIFA. Mr. Gathungu has over twenty years’ experience in the Financial Services sector, thirteen of which have been in leadership roles while based in Kenya and South Africa. He has vast experience managing global clients’ portfolios in Africa excluding South Africa, covering Asset Management, Private Equity and Corporate Finance. Prior to joining CIC Group, he was the Chief Executive Officer, Jubilee Financial Services. Earlier on, he worked as the Chief Investment Officer at Stanlib East Africa.

Mr. Patrick Nyaga

Mr. Patrick Nyaga is the Group Chief Executive Officer. He holds a master of Business Administration from Strathmore Business School and a Bachelor of Commerce Degree in Accounting. He is a Certified Public Accountant (K) and a member of ICPAK. Mr. Nyaga has over 29 years of working experience mainly in banking and auditing. He has worked in various senior positions in banking. Prior to joining CIC Group Ltd, he was the Group Finance and Strategy Director- at Cooperative Bank of Kenya Limited.

He previously worked at Barclays Bank now (ABSA) as the Regional Head of Assurance and at KPMG (EA), with the main focus being the audit of financial institutions in Kenya and the region. He is a member of the Institute of Directors of Kenya and has undertaken training in several Corporate Governance courses including in Insurance Business.

Joseph Maina Kamau

Mr. Joseph Maina Kamau, aged 56, joined the Board in 2020. Mr. Maina represents Central Region based societies at the Co-operatives Insurance Society Limited. He is the Chairman of Ndumberi Dairy farmers Sacco and also the Chairman of K-Unity Sacco. He attended Devonshire College of Accountancy and served as an accountant Manager for Westwood Insurance Brokers Limited for seven years. He is also a member of the institute of Directors of Kenya.

Abel Amuyunzu

Director Abel Amuyunzu, age 63, joined the CIC Asset Management Board on 24 th June 2023. The Director has a wide experience in Co-operatives leadership and management. He is a board member of Co-operative Insurance Society Limited and Chairman of Vest Co-operative Savings and Credit Society Ltd. Director Amuyunzu has undergone governance training from the Centre for Corporate Governance and is a member of Institute of Directors of Kenya.

Wangui Maranga

Alice Kilonzo

Mr. Humphrey Gathungu

Mr. Humphrey Gathungu is the Managing Director of CIC Asset Management Limited. He holds a Master’s Degree (MBA) in Global Business Management, USIU and a Bachelor of Science in International Business from the same University. Mr. Gathungu is a CFA Charter holder, a Certified Public Accountant (K) and a member of ICIFA. Mr. Gathungu has over twenty years’ experience in the Financial Services sector, thirteen of which have been in leadership roles while based in Kenya and South Africa. He has vast experience managing global clients’ portfolios in Africa excluding South Africa, covering Asset Management, Private Equity and Corporate Finance. Prior to joining CIC Group, he was the Chief Executive Officer, Jubilee Financial Services. Earlier on, he worked as the Chief Investment Officer at Stanlib East Africa.

Susan Robi

Ms. Susan Robi is the General Manager of Risk and Compliance. She is an Advocate of the High Court of Kenya holding a Bachelor of Laws (“LLB”) Degree from the Makerere University and a Masters in Law and Finance from Goethe University (Institute of law and Finance) in Frankfurt Germany. Professionally Ms. Robi holds a Post Graduate Diploma from the Kenya School of Law and has over 10 years of experience in various capacities and industries ranging from both Local and International Law Practice, Insurance, Finance, and Risk Management. Ms. Robi joined CIC in 2011.

Elizabeth Njuguna

Mrs. Elizabeth Njuguna is the Human Resource Business Partner, CIC Asset Management Subsidiary, Regions & Shared Services. She holds a Bachelor of Administration Degree majoring in Human Resource Management, an MBA (Specializing in HRM) from Moi University, a Post Graduate Diploma in Human Resource Management from the Institute of Human Resource Management (K) and a Diploma in Counselling Psychology from Kenya Institute of Professional Counselling. She has over 15 years of work experience in various sectors including Manufacturing and Information Technology. She is a member of good standing with the Institute of Human Resource Management (IHRM). She joined CIC in July, 2012.

Ruth Ngaruiya

Ms. Ngaruiya holds a Master’s Degree (MBA) in Strategic Management from Daystar University and a Bachelor’s Degree, (B Com) in Marketing from Catholic University. Professionally, Ruth is a member of Chartered Institute of Investment and Securities. She has worked in CIC for 10 years and joined CIC in 2011.

Sylvia Kimani

Ms. Kimani holds an MBA in Strategic Management and a B Com in Business Administration, International Business. She has COP (Certificate of Proficiency) in insurance and CISI (Chartered Institute for Securities & Investment) I & II. Has over 10 years work experience in the financial services industry and has worked in CIC for the last 10 years as a Unit trust advisor.

Moses Katiwa

Mr. Katiwa holds Bachelors in Business Administration and a Diploma in Information Technology. He has over 12 years work experience in the financial services industry having worked for Standard Chartered Bank and Old Mutual Kenya. He has worked in CIC for the last 10 years. He is also a holder of CISI and COP certificates.

Peter Ongeti

Mr. Ongeti holds a PhD in finance, MSC in finance and investment, Bachelor of commerce in finance, Diploma in co-operative management, professionally certified public Accountant (section 3), Chartered Institute of securities and Investment (CISI) London level 3 and a Certificate of Proficiency in insurance. He has over 14 years work experience in the financial service industry having worked with Family bank. He has worked in CIC for the last 12  years and is a member of the Kenya society of Professional Cooperators.

Mary Wanga

Ms. Wanga is the Company Secretary and an Advocate of the High Court of Kenya with over 24 years’ experience both as a practicing and corporate lawyer. She joined CIC Group Plc in 2008. Ms. Wanga is a Certified Public Secretary CPS (K) and holds a Bachelor Degree in Law, Bachelor of Social Legislation and Post Graduate Diploma in Kenya Laws and Diploma in Insurance (AIIK). She is a member of the Institute of Directors of Kenya, An Associate member of Insurance Institute of Kenya and Convenor of Legal Affairs and Professional Standards Committee, Law Society of Kenya, ACIArb, ICPSK and Women on Boards Network (WOBN).

James Njagi

Mr. James Njagi aged 40, is the Head of Business Development at CIC Asset Management Limited. He holds a Bachelor of Science Degree in Actuarial Science from JKUAT and currently pursuing a Masters in Finance & Investment Management from University of Salford. He is a full member of the Institute of Certified Investment and Financial Analysts (ICIFA) and an Associate member of the Life Management Institute. With over 16 years’ experience in the Financial services sector, Mr. Njagi has wealth of expertise in optimizing sales across diverse product portfolios, devising, and implementing long-term business strategies, and fostering strategic partnerships. Prior to joining CIC Group, he was the Head of Business Development Jubilee Financial Services. Earlier on, he worked as the Business Development Manager at APA Life Assurance.

Dennis Maranga

Mr. Dennis Maranga aged 36, is a Portfolio Manager at CIC Asset Management Limited (CICAM). He holds a Bachelor of Commerce (Finance) from the University of Nairobi. Dennis is an associate member of the Chartered Institute of Securities and Investments (CISI) and the Institute of Certified Investment and Financial Analysts (ICIFA). He is an Association of Chartered Certified Accountants (ACCA) finalist and currently pursuing a certification in Climate and Renewable Energy Finance. He has over 14 years’ experience in the Financial Services sector primarily in Private Equity and Asset Management. Prior to joining the team in 2024, he was a Portfolio Manager at Old Mutual Investment Group.

Esther Nyambura

Muthoni Muuo