UAP Holdings Makes Three Key Appointments to its Leadership Team

UAP Holdings Makes Three Key Appointments to its Leadership Team

UAP Old Mutual Group Executive Changes: Arnold Dippenaar, Grace Wakonyo Thiong’o and Abdallah Hussein Khamis.

Regional based insurance firm UAP Holdings has made key appointments filling vacant executive posts.

The firm has picked Arnold Dippenaar from South Africa based Standard Bank as its new Group Chief Financial Officer replacing Arthur Oginga who graduated to the top CEO seat four months ago.

Abdallah Hussein has been named the Group Chief Operations Officer who previously served as Airtel Kenya chief operating officer (COO).

Grace Thiong’o has been appointed as the new Group Head of Compliance tapping her from a similar role at Faulu Microfinance Bank.

Dippenaar is a chartered accountant, he holds a postgraduate degree and a Bachelors degree in Accountancy from the University of Potchefstroom (North West) South Africa.

Khamis holds an MBA from the Sloan School of Management at MIT (USA), an MBA from the University of Nairobi and a Bachelor of Education (Science) degree from Egerton University. He also holds a Post Graduate Diploma in Marketing from the Chartered Institute of Marketing (CIM UK) and a Certificate in Negotiation from Harvard Law School.

Thiong’o holds a Bachelor of Commerce (Hons) degree from the University of Nairobi and is a Certified Public Accountant of Kenya (CPA-K), a Certified Internal Auditor (CIA) and a Member of the Institute of Internal Auditors in Australia (MIIA). 

She graduated with an MBA from the Melbourne Business School on a scholarship by the Women in Leadership Program at the institution.

The latest changes follow the naming of Arthur Oginga as the Group CEO to replace Peter Mwangi.

The group has reported a first-half net loss of Ksh 305 million from a profit of Ksh 383 million during a similar period last year attributed to poor performance at the Nairobi Securities Exchange (NSE).

Its investment income was down 34 percent driven by fair value losses of Ksh 771 million on equity investments during the period compared to fair value gains of Ksh 407 million in 2019.