Sign in Subscribe
Chairpersons

James Macharia Appointed Chairman of Sidian Bank

Strategic Insights

— 1 min read

Sidian Bank has announced the appointment of James Macharia, a seasoned banker with extensive experience in accountancy, consultancy, and commercial banking, as its new Chairman. Macharia succeeds Centum Investments CEO James Mworia, who held the position since 2014 and will remain on the bank's board. Macharia's appointment brings a wealth of expertise to the bank, having worked at Deloitte's Tax Consultancy Division in London and holding senior positions at Standard Chartered Bank and the African Banking Corporation. His experience in leading expansions into Tanzania and Uganda, as well as his tenure as Cabinet Secretary in various Kenyan ministries, make him an ideal candidate for the position.

Key Takeaways:

  • James Macharia, a highly experienced banker, has been appointed Chairman of Sidian Bank, succeeding Centum Investments CEO James Mworia.
  • Macharia brings extensive experience in accountancy, consultancy, financial management, and commercial banking to the position.
  • He has worked at Deloitte's Tax Consultancy Division in London, Standard Chartered Bank, and the African Banking Corporation, among other notable institutions.
  • As Cabinet Secretary, Macharia held various roles, including in the Ministries of Health, Transport, and Infrastructure.
  • He holds a Bachelor of Commerce from the University of Nairobi and an MBA from Henley Management College, UK.
  • Macharia is a Certified Public Accountant (Kenya) and a Chartered Accountant with the Institute of Chartered Accountants in England and Wales.
  • Two new board members have been appointed: Prof. Paul Gachanja and Apollo Ong'ara.
  • Prof. Gachanja is an Associate Professor of Economics and Registrar (Administration and Finance) at Kenyatta University.
  • Ong'ara is a Financial Consultant and the Managing Partner of Baker Tilly.

Statistics:

  • Macharia began his banking career at Deloitte's Tax Consultancy Division in London.
  • He returned to Kenya in 1989 and worked at Standard Chartered Bank and the African Banking Corporation.
  • Macharia led NIC Bank's expansion into Tanzania and Uganda in 2005.
  • He served as Cabinet Secretary in various Kenyan ministries, including Health, Transport, and Infrastructure, from 2013.
  • Macharia holds multiple professional certifications, including Certified Public Accountant (Kenya) and Chartered Accountant with the Institute of Chartered Accountants in England and Wales.
  • The appointments of Macharia, Gachanja, and Ong'ara bring fresh expertise to Sidian Bank's board.

Sources:

  • Capital FM. Nairobi. ---. "James Macharia Appointed Chairman of Sidian Bank".
  • AllAfrica Global Media. Nairobi. ---. "James Macharia Appointed Chairman of Sidian Bank".

Read more