Family Bank CEO David Thuku resigns

Family Bank Managing Director and CEO is set to leave the lender in six months after resigning on Tuesday.

Dr Thuku, who was appointed to the position in April 2016 to replace Peter Munyiri, is quitting to pursue personal interests, the bank said.  His replacement will be unveiled soon.

A career banker with over 25 years of experience, Thuku started off as a management trainee at Standard Chartered in 1990 and later worked with Barclays Bank where he rose through the ranks to assume senior managing positions as Head of Secured Lending, Head of Business Banking and Retail Director at Barclays Bank Seychelles.

He joined Family Bank in January 2013, taking on the role of Director, Retail Banking. He is credited with introducing and refining structures that championed the bank’s drive towards customer centric initiatives. He holds a doctorate in Business Administration (DBA) from the University of Liverpool, UK.

Before embarking on a career in Banking, Kuria trained as a teacher at Kenyatta University where he earned his first degree, Bachelor of Education, B.Ed (Sciences). He also holds an MBA (Finance) from the University of Nairobi, Post Graduate Diploma in Marketing from the Marketing Institute of Singapore and a Practitioner Diploma in Executive Coaching from the Academy of Executive Coaching (UK).

His tenure at Family Bank has been one of mixed fortunes with the lender plunging into negative territory by recording a loss of Ksh 492 million last year before returning to profitability with a net profit of Ksh 101.5 million in the first half of 2018 on account of cost containment and digital banking.