KCB director quits to take new IMF audit appointment


Ms Nancy Asiko Onyango. FILE PHOTO | NMG

Nancy Asiko Onyango, who was last year appointed to a top job at the International Monetary Fund, has stepped down from her position on the board of the KCB Group #ticker:KCB.

The bank, in a notice, announced her resignation from the board, which she had served as a non-executive director since August last year.

“She resigned to take up a new role at the International Monetary Fund (IMF),” said KCB in a response to our queries.

Stepping into her shoes at the bank is Josephine Tata Djirackor, a telecommunications engineer who is also the co-founder of Elris Communications Services Limited. Elris was founded in 2004 by Ms Djirackor and her husband and its services include telecom engineering, civil works and electrical works.

Dr Onyango was in December last year appointed to head the Internal Audit and Inspection office at the International Monetary Fund (IMF), effective this month.  The office carries out independent assessments of the IMF’s internal control and governance processes.

READ: IMF names Nancy Onyango as head of key audit unit

Her appointment was announced on Monday by IMF managing director Christine Lagarde.

The Office of Internal Audit and Inspection (OIA) is charged with conducting independent examinations of the fund’s internal control and governance processes.

Ms Onyango has worked in several sectors, including financial services, and with several governments, development agencies and non-governmental organisations.

Most recently she was the CEO of Nairobi-based Reliance Risk Advisory Solutions.

Before that she was a Partner at PricewaterhouseCoopers (Kenya) and also served as EY’s Governance, Risk and Compliance Leader for Africa.