CDSC Kenya Makes Changes in Board, Names Aida Kimemia-Nesbitt Chair

CDSC Kenya Makes Changes in Board, Names Aida Kimemia-Nesbitt Chair

Aida Kimemia-Nesbitt, Kiprono Kittony, Lawrence Kimathi Kiambi and Sitoyo Lopokoiyit

Kenya’s Central Depository and Settlement Corporation (CDSC)  has made key changes to its board.

The new directors to the board are Mrs Aida Kimemia-Nesbitt who will serve as its Board Chairperson, three new non-executive directors Sitoyo Lopokoiyit, Kiprono Kittony and Lawrence Kimathi Kiambi.

In a public notice, the quality provider of clearing and settlement services in the Kenya Capital Markets said Mrs Aida takes over from Charles Ogola, who leaves the CDSC Board after serving as Chairman and Independent Director, representing public interest, since 2005.

Mrs Aida Kimemia-Nesbitt:

She is Managing Director at Tiserin Capital, a financial advisory and investment firm supporting small and medium-sized enterprises in East Africa.

She has previously been Regional Manager at International Finance Corporation(IFC) for Marketing and Consumer Services in Africa.

She is also Non-Executive Chair on the board of Metropolitan Cannon General Insurance Limited and non-Executive Director on the board of Echo Scan, a healthcare business that operates in Nigeria.

Before Tiserin Capital, Mrs Kimemia-Nesbitt had a long career at the International Finance Corporation (IFC), culminating in her role as Regional Manager for Manufacturing and Consumer Services in Africa, where she was responsible for a $300 million annual business.

“The Board is confident that with Mrs Kimemia-Nesbitt’s vast experience and capabilities, she will be a judicious steward and will steer the company to greater heights,” said the Board.

Mrs Kimemia Nesbitt holds a Bachelor’s Degree in Economics and Mathematics from St. Lawrence University (New York) and a Master’s Degree in Financial Management from Johns Hopkins University (Baltimore).

Kiprono Kittony:

He is the chairman of the Nairobi Securities Exchange. A former National Chairman of the Kenya National Chamber of Commerce & Industry. He has also served in several capacities including being the immediate past chair of the Media Owners Association and AAR Insurance Limited.

Lawrence Kimathi Kiambi:

He is currently the Group Chief Finance Officer at KCB Group PLC.

Kimathi is a distinguished banker and finance expert with leadership experience spanning over 25 years.

Kiambi has worked as Finance Director/CFO in several multinational organizations, including Cadbury East and Central Africa, AIG, East Africa Breweries Limited BAT Sub Sahara Africa and BAT PLC in London.

Sitoyo Lopokoiyit: 

He is the interim CEO of M-PESA Africa and Chief Officer, Financial Services at Safaricom Plc, where he oversees New Business Ventures, Product Management & Development for both Consumer and Enterprise.

He is a distinguished financial service and change management expert, having previously served as M-commerce Director at Vodacom, where he oversaw several transformative products and services.

These include leading the turnaround strategy and execution for M-PESA, which has resulted in the accelerated growth of M-PESA in Tanzania.

Before joining Vodacom Tanzania PLC, Lopokoiyit was the Head M-PESA Strategy and Business Development at Safaricom.

Lopokoiyit is a holder of a Bachelor of Commerce (Hons) degree in Marketing from the University of Nairobi and an MSc in Information Technology Management and Organizational Change from Lancaster University in the UK.