Rebecca Mbithi appointed new CEO of Family Bank

Rebecca Mbithi has been appointed as the new Chief Executive Officer for Family Bank, pending the approval of the Central Bank of Kenya.

Ms Mbithi, an insider of the home-grown bank, steps up to replace David Thuku.  She until now, serves as a Secretary and Director, Legal Services at the lender from the last four years.

“Rebecca is a highly experienced professional with an extensive background in leadership in various organisations at director level specialising in law, project finance, corporate restructuring, equity/debt raising and governance,” said Family Bank chairman, Wilfred Kiboro in a statement.

Family Bank, which has set a target of attaining tier one status in the short term, laid off 150 employees in December 2017 in cost-cutting efforts and further closed a couple of branches then, leaving 91 outlets to save on annual expenditure.

“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,” noted Mr Kiboro.

Prior to joining the lender, Ms Mbithi worked at the Kenya Tea Development Agency and Rift Valley Railways.