Companies

Britam makes five new executive appointments in reorganisation plan

britam

Britam headquarters in Nairobi. The firm has made five executive appointments across its insurance and wealth management business. PHOTO | FILE

Financial services firm Britam has made five executive appointments across its insurance and wealth management business.

Mr Stephen Wandera, who has been in the company’s regional board, has been appointed the director, insurance business.

He will oversee the general and life insurance portfolio for both Britam Insurance and Real Insurance —which the firm recently acquired — across the region. Mr Wandera will also continue to serve as the principal officer of Britam Insurance, Kenya.

Joseph Kiuna, who has been the CEO of Real Insurance, is the new chief executive of general insurance.

He will oversee the general insurance business of Britam and Real ahead of their merger. He maintains his responsibility as the principal officer at Real Insurance.

Mr Kennedy Aosa, formerly the general manager of Britam’s general insurance business, takes up the role of director, international insurance business that includes co-ordinating the operations of both Real Insurance and Britam’s general insurance outside Kenya.

Mr Francis Kajura, previously the chief investment officer of Uganda’s National Social Security Fund, has joined Britam as general manager of its asset management arm in the neighbouring country.

The company also appointed Imran Khan as a senior portfolio manager at its Kenyan asset management unit where four senior executives – including the former office holder Elizabeth Nkuku – recently left to start their private equity firm Cytonn Investments.