Suresh Bhagwanji Raja (SBR) Shah, Founder and Chairman of I&M Bank since 1974, has retired after a 47-years tenure that saw him oversee the growth of I&M to a tier 1 lender from tier 3.
Suresh will, however, continue to remain on the Board as a Non-Executive Director.
A seasoned career banker, Mr SBR Shah has managed to drive the steady growth of I&M Bank Limited’s asset base to its current Kshs 305.08 billion.
He will be replaced by Mr Oliver Fowler to serve as the new Chairman effective March 2021.
Mr Fowler joined the board in August 2015. He is a qualified Kenyan Advocate, an English Solicitor, and a Senior Partner at Kaplan & Stratton Advocates.
His work encompasses commercial work, particularly financial, corporate and taxation matters and he has been extensively involved in project finance, capital markets, banking and foreign investments sectors.
He holds an LLB from the University of Bristol and was admitted to the Kenyan High Court in 1979.
Mr Fowler takes up the mantle and will continue to lead the strategic direction for the I&M Bank Limited board and the Bank.
He is a qualified Kenyan Advocate and an English Solicitor. He is also a Senior Partner at Kaplan & Stratton Advocates.
