Family Bank taps woman as new CEO

Rebecca Mbithi has been named as the new Family Bank Chief Executive Officer, replacing David Thuku who resigned in September last year. The appointment is subject to approval by The Central Bank of Kenya.

Ms Mbithi is currently the Company Secretary and Director, Legal Services at the lender – a position she has held with the Bank for the last four years. A seasoned professional, she holds a Masters in Business Administration (Strategic Management) from United States International University and an LL.B degree from the University of Nairobi.

Ms Mbithi is a Certified Public Accountant and a member of the Institute of Certified Public Accountants of Kenya (ICPAK), a Certified Secretary and a Member of the Institute of Certified Secretaries, an
advocate of the High Court of Kenya and a member of the Law Society of Kenya.

“Rebecca is a highly experienced professional with an extensive background in leadership in various organisations at director level specializing in law, project finance, Corporate Restructuring, Equity/ Debt raising and Governance. She previously worked at Kenya Tea Development Agencies (KTDA) and Rift Valley Railways. At Family Bank, she has been instrumental in Strategy and Business Development, Capital and Debt Raising, Risk Management, Compliance and Controls, providing legal services and strengthening the Bank’s Governance structures,” Board chairman Wilfred Kiboro said in a statement.

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“The Board congratulates Rebecca on her appointment and thanks all our stakeholders for their continued support. We are confident that she has what it takes to steer this great Bank to the next level,” he added.

Ms Mbithi is among the few women in Kenya to make it to the apex of a bank in Kenya. Others include Spire Bank chairperson Teresa Mutegi and Diamond Trust Bank’s managing director and Group CEO in East Africa Nasim Devji.