• Board Profiles

JAMES NDEGWA | Chairman

James is the Chairman of First Chartered Securities Group, a private investment holding group with interests in financial services, logistics, property and agriculture among others. James holds a MA (Hons) degree from Oxford University, U.K. James has over 30 years experience in the insurance sector starting out at Hogg Robinson Insurance Brokers in 1986 where he rose through the ranks to become a Senior Manager. In 1993, he joined Lion of Kenya Insurance Company as the Technical Manager, rising to Assistant General Manager, Deputy Managing Director and finally as the Managing Director from 1997 to 2003. He joined the Boards of First Chartered Securities, Insurance Company of East Africa and Lion of Kenya in 1996. In 2003, he was appointed Chairman of First Chartered Securities. James is also the Chairman of the ICEA LION Group, NCBA Bank Group and Mitchell Cotts Kenya Group. In 2015 he was appointed Chairman of the Board of the Capital Markets Authority.

JOSEPH WANGAI

Director

Mr. Wangai is a Fellow of the Institute of Certified Public Accountants of Kenya with extensive experience in provision of auditing, accounting and business advisory services acquired during his 34 years

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Dr. CHRISTOPHER OBURA

Director

Dr. Obura is the Chairman of ICEA LION General Insurance as well as the Chairman and Director of several Companies in Kenya, Uganda and Tanzania. Dr. Obura commenced his studies in 1952 at Alliance High School and proceeded to Makerere University College in Uganda, graduating in 1958. In 1959, he joined the University of London’s Guys Medical and Dental School obtaining a B.D.S. (LON) and a L.D.S.R.C.S. (ENG) in 1963. 

Between 1964 and 1966, Dr. Obura pursued a Post Graduate on Commonwealth Scholarship at the Eastman Post Graduate Dental Hospital London; Plastic and Jaw Injuries Unit, Stoke Mandeville Hospital and the Middlesex Hospital; Faculty of Dental Surgery – Royal College of Surgeons, Primary Fellowship in Dental Surgery. He returned home to Kenya to become the Chief Dental Officer, Ministry of Health between 1965and 1971. In June of 1967 he obtained a French Government Study Grant at the Institute of Stomatology, La Patie Hospital – Paris. 

Between 1968 and 1971, he was Honorary Senior Lecturer at the University of Nairobi Medical School and the Consultant Dental and Oral Surgeon at the Kenyatta National Hospital. He was also the Consultant at the Aga Khan Platinum Jubilee Hospital Nairobi and a Consultant for the Forces Memorial Hospital in Nairobi. Dr. Obura was the President of the East African Dental Association between 1970 and 1974. He operated a private dental practice in Nairobi between 1968 and 1995.

In 1973, Dr. Obura was awarded Membership of the American Association of Oral and Maxillo–Facial Surgeons and African American Institute of International Education Scholarship in the U.S. Between 1974and 1985, he was the Chairman of Kenya National Committee of United World Colleges and a member of the International Council. Between 1975 and 1981, he was a member of the Medical Practitioners and Dentists Board and Deputy Chairman.

He was an External Examiner for the University of Nairobi between 1977 and 1979. In 1982, Dr. Obura became a Fellow–International Association of Oral and Maxillo-Facial Surgeons. In 1990 he became a member of the Council for the International Association of Oral and Maxillo-Facial Surgeons. In June 1993,he became a Member of Eisenhower Citizen Ambassador Program to Soviet Union on cleft lip and palate. Dr. Obura has been the Chairman of numerous organisations including the Kenya Dental Association between 1977 and 1981, Karen Country Club between 1977-1978 and also between 1982 and 1987.Further, he was the Chairman of the Association of Professional Societies of East Africa between 1980and 1982 and Chairman of the Professional Centre between 1983 and 1990. Dr. Obura was a Director of Kenya Airways between 1978 and 1980 as well as between 1997 and 2005. He was also the Chairman of The Nairobi Hospital and Kenya Hospital Association from 2002 to 2012.An avid golfer, Dr. Obura was the Captain of the Kenya National Golf Team between 1977 and 1984 and the Chairman of the Kenya Golf Union between 1982 and 1983.

ANDREW NDEGWA

Director

Andrew is the Executive Director of First Chartered Securities, a private investment holding company with interests in financial services, logistics, real estate, manufacturing and agriculture. Andrew holds a Bachelor of Arts (Hons) degree
in Philosophy, Politics and Economics from Oxford University. Andrew began his career in the banking industry, and between 1990 and 1994 worked at Mercantile Finance Company, its affiliate The African Mercantile Banking Company and at Citibank Nairobi.

He joined First Chartered Securities in 1994 as the Group Planning Manager and in 2000 was appointed to the Board as Executive Director. Andrew is also a Non-Executive Director of several other companies, including NIC Group Plc and Unga Group Plc, both of which are quoted on the Nairobi Securities Exchange.

Andrew is a trustee of Faraja Cancer Support Trust.

PATRICK MUGAMBI

PATRICK MUGAMBI

Alternate Director

Patrick is the Planning & Projects Director of First Chartered Securities Ltd, a private investment holding company with interests in financial services, logistics, real estate, manufacturing and agriculture.

Patrick holds a BSC in Business Administration from USIU and is a Certified Public Accountant and alumnae of IESE Business School. He is also a Member of the Institute of Certified Public Accountants of Kenya (ICPAK) and a Member of the Overseas Technical Scholarship (AOTS) Japan.

He previously worked for PricewaterhouseCoopers and Shell Exploration and Production Kenya BV between 1988 and 1992. Prior to his present position, he was the Executive Director and Chief Operating Officer of Mitchell Cotts Kenya Group until January 2006. Patrick is also a Non–Executive Director of Mitchell Cotts Group Limited and a director of several other companies.

DR. PETER KAMAU

Director

Dr. Kamau is a Family Physician and has been a practicing medicine for over 56 years. He attained his Cambridge School Certificate from St. Leos College, Virika, Uganda in 1953. He proceeded to attain an L.M.S (EA) from the University College Makerere in 1962 and his M.B., ChB (E.A) from the University of East Africa in 1964. He pursued his postgraduate training and attained a Diploma in Public Health (Royal College of Surgeons and Physicians) from the
Royal Institute of Public Health and Hygiene.

Between 1962 and 1966, he was a Medical Officer for the Government of Kenya and the Nairobi City Council. Between 1966 and 1969, he was the Deputy Medical Officer of Health and the Acting Medical Officer of Health for the Nairobi City Council. In 1969, he went into Private Practice as a Family Physician. He has been a Member of numerous institutions including the Medical Practitioner & Dentists Board, Kenya Medical Association, Medical Protection Society, United Nations Examining Physician and Nairobi Hospital Management Board.

He is the Chairman of Karirana Tea Estates, Diagnostic Centre Limited and Upper Hill Medical Centre Limited. He is
also a Director of Asset Managers Limited, First Chartered Securities and Pema Investments Limited.

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DUNCAN NDEGWA

Director

Duncan was born in 1925 in Nyeri, Kenya. He commenced his secondary
school education in 1944 and rose to become the Captain at Alliance High School. He attended Makerere College in Uganda before proceeding to University of St. Andrews in the U.K where he graduated with a Master of Arts (Hons) in Economics and History. He started off his career in 1956 as an Economist/Statistician at the East Africa High Commission before joining the Kenya Treasury as a Deputy Secretary in 1959. At independence in 1963 he was appointed the Permanent Secretary in the office of the President before becoming the Secretary to the Cabinet later that year. He was Head of the Civil Service and Advisor to the President and Cabinet in charge of coordination and monitoring of government functions.

Between 1967 and 1983, he was appointed the Governor of the Central Bank of Kenya four times. He was also the Alternate Governor of the IMF and served in the Interim Committee of World Bank and IMF. Between 1970 and 1971, Duncan was the Chairman of the Commission of Enquiry (Public Service Structure and Remuneration), Sessional Paper 1973. He was cited by the President with the award of Elder of the Golden Heart (EGH) and in 1983, he retired as the Governor of Central Bank.

Mr. Ndegwa served as the Chairman of Alliance High School between 1977 and 1987 and was the Chairman of Unga Group Limited between 1984 and 1998. He is the Chair, Director and Trustee of numerous organisations. He is also a member of the Bretton Woods Committee.He has been involved in numerous philanthropic activities over the years. Mr. Ndegwa has written various papers and articles in the field of Banking, Economics and Finance and is the author of “Walking in Kenyatta Struggles.”

JUSTUS MUTIGA

Director

Justus is a graduate of University of Nairobi, City University of London, Fellow Chartered Insurance Institute (FCII) – London, Fellow Insurance Institute of Kenya (FIIK) and is a Chartered Insurer.

Justus’ has been involved in the financial services industry for over 35 years; his outstanding knowledge has greatly enriched ICEA LION. He has received a plethora of awards for his leadership including Life Assurer of the Year for the
past 6 consecutive years (2013 to 2018) and Deloitte’s Best Company To Work For Award for the insurance sector the for three years (2014 to 2016). He was also awarded first runner-up for CEO of the Year for the Champions of Governance Awards ahead of over 800 CEOs and in 2015 and won the Overall CEO of the Year Award in the same category in 2017. He was also bestowed the Lifetime Achievement Award in recognition of his contribution to the industry in East Africa at the Think Business Insurance Awards in 2016.

A respected professional within the insurance circles, Justus is a mixture of the best of both worlds  -academia and business, specifically the insurance industry. Specialising in life insurance and pension, Justus enjoys providing unparalleled professional service, working with clients to help them achieve their financial goals. He has contributed immensely to the development of the life insurance industry. A prolific mentor and tutor, Justus is regarded by the industry as a true innovator. Most of the life and pensions products sold in Kenya today have Justus’ fingerprints. A great number of professionals within the life insurance industry can credit their growth and success to Justus’ able tutelage. He has served as Chairman of the Association of Kenya Insurers (AKI) and in various capacities at
AKI, Insurance Institute of Kenya and Association of Retirement Benefit Schemes. He has been a member of Kenya National Insurance Examinations Board, a curriculum developer at the College of Insurance and Vice Chairman of Dedan Kimathi University. He is currently a Director of four SMEs. 

Justus has written numerous publications and papers on the industry. He is a regular and noted speaker at regional insurance and financial services conventions.
One of Justus’ crowning glories is ICEA LION Group’s headquarters at the state-of-the-art ICEA LION Centre at Riverside Park in Westlands. He took great pride in delivering a modern facility for the ICEA LION Group family and customers to enjoy. Justus retired as CEO in December 2020. He oversaw the growth of the Company’s Gross Premium and Contributions book from Kes 5 Billion to over Kes 14.6 Billion in 2020 while Total Assets strengthened from Kes 32 Billion in 2012 to over Kes 100 Billion in 2020.



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DR. CAESAR MWANGI (PHD)

Director & CEO, ICEA LION Insurance Holdings

Dr. Mwangi holds a Bachelor of Arts in Economics from from the University of Nairobi and an MBA from the Wits Business School in Johannesburg. He has a PhD in Organisational Performance and Change Management from the Rand Afrikaans University (currently University of Johannesburg) and is also a Certified Public Accountant (CPA), a Certified Internal Auditor (CIA) and a Certified Executive Leadership Coach. 

In the past, Dr. Mwangi worked in South Africa and Ethiopia as a Business Consultant in Deloitte and Touche Johannesburg, Finance Director of the Independent Mediation Service of South Africa and also as Associate Director for
the Consultative Group in International Agriculture Research (CGIAR). He then joined Sasini Ltd as the MD where he spearheaded the company’s transformation from a production focused entity to an effective people-centered, market-focused entity. After Sasini he worked as Regional Director for the Global Village Energy Partnership. Prior to joining ICEA LION in August 2019, Caesar was the Managing Director of the Centre for Personal Leadership (CPL Africa) where he had been involved in designing and delivering people and organisational improvement initiatives focused on organisational transformation through effective leadership practices and development of enabling organisational culture.

Dr. Mwangi is trained in Corporate Governance by the Centre for Corporate Governance and has been a facilitator on the Effective Director (TED) programme at Strathmore Business School. He is the Vice Chairman of the Strathmore University Council and Chairs the Boards for the Kenya Markets Trusts (KMT) and the Kianda School in Nairobi. He is also a member of the Investment Committee for the World Bank Funded Kenya Climate Ventures (KCV) Fund.