KDIC picks insider Hellen Chepkwony as CEO

The board of KDIC has named Hellen Chepchumba Chepkwony as the new Chief Executive to the deposit insurer. An insider, Ms Chepkwony has been serving on the post on an acting basis since January.

The new CEO is an economist and risk management professional takes over from Mohamud A. Mohamud, the pioneer chief executive of the corporation who served two consecutive terms of three years.

Kenya Deposit Insurance Corporation is the country’s resolution authority for banks that is charged with offering deposit insurance for customers of member institutions to guarantee stability in the financial sector.