Patrick Obath exits Standard Chartered bank Board

Standard Chartered Bank Kenya has announced the appointment of Mrs. Kellen Eileen Kariuki, as the new Chair of the Board with effect from 31 May 2021 following the retirement of Mr. Patrick Obath as the Chair of the Board.

Patrick retires from the Board having served for nine years as an Independent Non-Executive Director and as the Board Chair from May 2019. His retirement is in line with corporate governance best practices guided by the Code of Corporate Governance Practices for Issuers of Securities to the Public, 2015.

Kellen was appointed as an Independent Non–Executive Director of the Board on 10 February 2020. She was the first Chief Executive Officer and Managing Trustee of the Unclaimed Financial Assets Authority and worked at Citibank N.A. for over 20 years serving in different senior leadership positions covering markets in Africa, Middle East and Pakistan. She is currently the Managing Director of Feruzi Holdings Limited and a Non-Executive Director of the AMREF Health Africa International and AMREF Flying Doctors Boards. Kellen is also currently a Non-Executive Board Member of the Strathmore University Foundation and a Founding Member of the Board of Advisors of Strathmore Business School.

Commenting on her appointment, Mrs. Kellen Kariuki said, “It is an honour to be appointed as the Chair to the Board of Standard Chartered Bank Kenya Limited. I am delighted at the opportunity to continue working with the Board and Management to accelerate the achievement of the Bank’s strategy particularly in building a sustainable future for our clients, communities and shareholders. I strongly believe that the Bank is uniquely positioned to make a difference where it matters most – by providing solutions to our clients that will enable them contribute to the sustainable development of our country; investing in community programmes that transform lives; whilst at the same time delivering a sustainable return to our shareholders.”

“I would like to thank the Board for their confidence and trust. I would also like to thank Mr. Patrick Obath for his legacy of strong stewardship and leadership of the organization through which it has remained resilient in its performance.” added Mrs. Kariuki.

Kellen has previously served on various Boards including as the Chairperson of Citibank Tanzania Limited, a Non-Executive Director of Resolution Insurance Limited, a Non-Executive Director of Citibank Uganda Limited, Chairperson of the Citibank Kenya Provident Fund, Nominee Director of the IFC, and a Non-Executive Director of Kenya Roads Board. She has served as an elected Council Member of ICPAK.

Kellen holds a Master of Science (MSc) degree in International Human Resource Management from Cranfield University in the UK. She also holds a Master of Business Administration (MBA) degree in Strategic Management and a Bachelor’s degree in Accounting both from United States International University-Africa. She is currently a PhD candidate at Strathmore University Business School.