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Leadership
Board of Directors
Jubilee Holdings Limited (JHL)
Nizar Juma
Chairman
Mr. Juma is a Non-Executive Director and Chairman of Jubilee Holdings Limited and its subsidiaries having been first appointed to the Board in 2004. He is also the regional Chairman of the Industrial Promotion Services group of companies and is a Chairman and Director in various other private entities in the industrial and commercial sectors. Mr. Juma holds a BSc. (Econ) Joint Hons in Economics, Law & Accountancy from the University of Wales – Cardiff. He is a recipient of a number of national awards including the Award of the Silver Star of Kenya by H.E. The President of Kenya for outstanding service to the nation (1982) and was awarded The Lifetime Achievement Award in the 2011 Insurance Industry Awards.
Ashif Kassam
Non-Executive Independent Director
Mr. Kassam was appointed to the Board on 28th March 2019 and is a member of the Board Audit & Compliance Committee. He is a Fellow Member of the Institute of Certified Public Accountants of Kenya (ICPAK) and the Association of Chartered Certified Accountants, UK (ACCA). He is a practising Member of the Institute of Certified Public Accountants of Uganda and a Member of the Chartered Institute of Arbitrators UK. He is also a Member of the National Board of Accountants & Auditors, Tanzania. He is a recipient of the Order of the Grand Warrior (O.G.W.) as well as ACCA Achievement Award in recognition of his contribution to the development of the accountancy profession both locally and globally. He has extensive experience in audit & assurance, tax, transaction & risk advisory and management consulting and is currently the Executive Chairman of RSM Eastern Africa LLP. He also serves on the Boards of JHL’s subsidiaries, The Jubilee Life Insurance Limited and Jubilee Financial Services Limited. Mr. Kassam is a Board Member of the Entrepreneurs Organisation - Kenya and is the Accelerator Chair, a program that supports the development and growth of early stage entrepreneurs.
Zul Abdul
Board Member
Mr. Abdul joined the Board in 2014. He is the CEO, Trans-Orbit Kenya Limited. He has previously held key leadership voluntary positions having served as the President of Aga Khan National Council in Kenya, the Chairman of Aga Khan Education Services, Chairman of the Jubilee Fund Limited, director of Anfield Holdings Ltd, a Property Development company and Executive Director of Wiggins Teape Ltd, an international company manufacturing and trading in paper. Mr. Abdul is the Chairman of the Board Audit & Compliance Committee and is a member the Board Property Committee and Board Nominating & Human Resources Committee. He was appointed the Vice Chairman of the Board on 27 March 2020.
John Metcalf
Mr. Metcalf was appointed to the Board in 2006. He has extensive international experience in the insurance industry and is currently the Head of Insurance for the Aga Khan Fund for Economic Development (AKFED). He is a Director on the Boards of the Company’s insurance subsidiaries. Before joining the Company, he was the Executive Chairman of the Allianz Group Insurance subsidiaries in Egypt. Mr. Metcalf is a Fellow of the Chartered Insurance Institute and holds a BA (Hons) in Banking Insurance & Finance from Sheffield Hallam University. Mr. Metcalf is a member of the Board Finance Committee, Board Audit & Compliance Committee, Board Nominating & HR committee and Board IT Committee.
Lutaf Kassam
Mr. Kassam was appointed to the Board in 2006 and chairs the Board Finance Committee and is a member of the Board Property Committee. Mr. Kassam, a member of the AKFED Executive Committee, is responsible for AKFED’s global portfolio on Industry and Infrastructure. He is also a Director on the Board of Kenya Association of Manufacturers, the East African Business Council (EABC), an advisory Board Member of the Sustainable Energy for All (SE4ALL) initiative under The UN Secretary-General and the World Bank Group, past First Vice Chairman of the Nairobi Stock Exchange (NSE) and a member of the National Economic and Social Council (NESC) in Kenya.
Margaret Kipchumba
Mrs. Kipchumba was appointed Company Secretary of Jubilee Holdings Limited in 2014. She also serves in the same capacity in the insurance and fund management subsidiaries in Kenya and has oversight responsibility for the company secretarial function in the regional subsidiaries. Mrs. Kipchumba is an Advocate of the High Court of Kenya, a Certified Public Secretary and an accredited Governance Auditor. She is a Member of the Law Society of Kenya, the Institute of Certified Public Secretaries of Kenya and the Institute of Directors, Kenya.
Shabir Abji
Mr. Abji joined the Board in 2013 and chairs the Board IT Committee and is also a member of the Board Finance Committee. Mr. Abji is a businessman and assisted in the running of the family business, and in 1984 set up the company operations in Uganda. As the Group Director, he was instrumental in setting up Uganda Oxygen, Twiga Chemical Industries Uganda, Service and Computer Industries Uganda (Formerly NCR) and American Communication and Technologies. Mr Abji has served as the Chairman of Aga Khan Health Services, Tanzania, a Councilor of the Confederation of Tanzania Industries and currently is the Chairman of Dar es Salaam Tourism Executive Board. He is also the Chairman of the Tanzania Asian Development Association (in formation) and has been involved in fund raising activities for various causes and is a member of the FAO sponsored Telefood Committee.
Juma Kisaame
Mr. Kisaame was appointed to the Board in 2016 and is a member of the Board Audit & Compliance Committee and the Board IT Committee. He is the former Managing Director of DFCU Bank Uganda and has over 20 years’ experience in the financial sector and is currently the Chairman of the Uganda Revenue Authority. Mr. Kisaame holds a Bachelors of Commerce degree majoring in Accounting from Makerere University and is an Alumni of the Advanced Management program at INSEAD, France. He has been a Chairman of Uganda Investment Authority.
Sultan Allana
Mr. Sultan Ali Allana is a Director of the Aga Khan Fund for Economic Development (AKFED) and has the oversight responsibilities for AKFED’s investments in Banking, Insurance and Aviation. Mr. Allana is a career banking professional with over 33 years of experience in retail, corporate and investment banking. Mr. Allana joined the Board in 2006.
Jane Mwangi
Mrs. Mwangi joined the Board in 2014 and chairs the Board Nominating & Remuneration Committee. She is the Managing Partner at Robson Harris & Co. Advocates and has previously worked at the Central Bank of Kenya, Deposit Protection Fund Board and the United Nations, Department of Oversight Services (OIOS). She is an Advocate of the High Court of Kenya with over 20 years’ experience, a Notary Public, a Commissioner for Oaths and a member of the Chartered Institute of Arbitrators. She is an accredited Governance Auditor and a Certified Public Secretary. She holds a Master Degree in Business Law from the University of Nairobi and University of Hull, UK.
Jubilee Life Insurance Limited (JLIL)
Mr. Metcalf was appointed to the Board in 2006. He has extensive international experience in the insurance industry and is currently the Head of Insurance for the Aga Khan Fund for Economic Development (AKFED).He is a Director on the Boards of the Company’s insurance subsidiaries. Before joining the Company, he was the Executive Chairman of the Allianz Group Insurance subsidiaries in Egypt.Mr. Metcalf is a Fellow of the Chartered Insurance Institute and holds a BA (Hons) in Banking Insurance & Finance from Sheffield Hallam University. Mr. Metcalf is a member of the Board Finance Committee, Board Audit & Compliance Committee, Board Nominating & HR committee and Board IT Committee.
Karim Jetha
Karim Jetha is an experienced investment professional, passionate about financial markets and the investment industry. Overtime, he has built a track record of devising investment and asset allocation strategies, constructing resilient portfolios, managing risk and delivering superior risk-adjusted returns. He holds a Bachelor of Arts Degree in International Relations from Tufts University (USA) and a French Baccalaureate in Economics and Mathematics from Lycee University, France.
Rose Mwaura
Ms. Rose Mwaura is an experienced accountant with over 20 years’ experience in both public and private sector. She is currently an Advisory Partner with Deloitte East Africa and is the Chairman of the Institute of Certified Public Accountants of Kenya (ICPAK). She has previously served as an audit and assurance partner at Deloitte East Africa, USA and India. She holds a Bachelor of Commerce Degree (Accounting option) from University of Nairobi and is a Certified Public Accountant (CPA{K}).
Dr. Julius Kipng’etich
Dr. Kipng’etich is the Regional CEO for Jubilee Holdings Limited having been appointed on January 1st 2018. He has extensive knowledge and experience in strategy and management. He previously served as the Chief Operating Officer of Equity Group Holdings Limited where he spearheaded regional growth, new product development and the mobile virtual network operator (MVNO) - Equitel development. He had an illustrious career as the Director and CEO of the Kenya Wildlife Service (KWS) where he has been credited for a complete turnaround of the organization. It was during his tenure that KWS recorded tremendous growth and was listed as one of the top five most respected parastatals in East Africa. Dr. Kipng’etich holds a Masters of Business Administration and a Bachelors of Commerce Degree (Accounting Option) from the University of Nairobi.
Jubilee Health Insurance Limited (JHIL)
Mr. Juma is a Non-Executive Director and Chairman of Jubilee Holdings Limited and its subsidiaries, having been first appointed to the Board in 2004. He is also the regional Chairman of the Industrial Promotion Services group of companies and is a Chairman and Director in various other private entities in the industrial and commercial sectors. Mr. Juma holds a BSc. (Econ), Joint Hons in Economics, Law & Accountancy from the University of Wales, Cardiff. He is a recipient of a number of national awards including the Award of the Silver Star of Kenya by H.E. The President of Kenya for outstanding service to the nation (1982) and was awarded The Lifetime Achievement Award in the 2011 Insurance Industry Awards.
Mr. Kassam was appointed to the Board in 2019 and is a Fellow Member of the Institute of Certified Public Accountants of Kenya (ICPAK) and the Association of Chartered Certified Accountants, UK (ACCA). He is a practising Member of the Institute of Certified Public Accountants of Uganda and a Member of the Chartered Institute of Arbitrators UK. He is also a Member of the National Board of Accountants & Auditors, Tanzania. He is a recipient of the Order of the Grand Warrior (O.G.W.) as well as ACCA Achievement Award, in recognition of his contribution to the development of the accountancy profession, both locally and globally. He has extensive experience in audit & assurance, tax, transaction & risk advisory and management consulting and is currently the Executive Chairman of RSM Eastern Africa LLP. He also serves on the Boards of JHL’s subsidiaries, Jubilee Life Insurance Limited and Jubilee Financial Services Limited. Mr. Kassam is a Board Member of the Entrepreneurs Organisation, Kenya and is the Accelerator Chair, a program that supports the development and growth of early stage entrepreneurs.
Mr. Abdul is the CEO, Trans-Orbit Kenya Limited. He has previously held key leadership voluntary positions having served as the President of Aga Khan National Council in Kenya, the Chairman of Aga Khan Education Services, Chairman of the Jubilee Fund Limited, director of Anfield Holdings Ltd, a Property Development company and Executive Director of Wiggins Teape Ltd, an international company manufacturing and trading in paper. Mr. Abdul is the Chairman of the Board Audit & Compliance Committee and is a member the Board Property Committee and Board Nominating & Human Resources Committee. He was appointed the Vice Chairman of the Board on 27 March 2020.
Owen Koimburi
Mr. Koimburi has over 30 years of experience in audit, accounting, financial management, and capacity building to Government, Public, and Private sectors. Owen is the founding partner of Koimburi & Associates Certified Public Accountants Kenya (now Mazars Kenya). His areas of specialization is Business Restructuring and Company Administration and, Consulting and Assurance. Before his entry into public accountancy practice and audit Mr. Koimburi was a senior lecturer of accounting, auditing and taxation at the Kenya Leadership Center, the Kenya Institute of Management and the Extramural Department of the University of Nairobi and has also been an examiner of accounting courses for the Kenya Accounting and Secretaries National Examinations Board and has also been a tutor of the ACCA International Financial Reporting Standards Diploma at the KCA University Nairobi.
Mrs. Nancy Muthoni
Nancy has over 20 years’ experience as a strategic advisor responsible for structuring, negotiation and execution of deals for landmark projects across the region. She is an able collaborator with an extensive network across various industries. She has been involved in ground-breaking initiatives as well as landmark projects and is the Founder, Executive Producer and Host of The Property Show with Nancy - an award winning premier weekly real estate television show certainly a first of its kind in the Kenyan market. She is also the CEO of First Avenue - Your Property Partner, a boutique real estate firm offering bespoke services in the sector.
Mr. Metcalf has extensive international experience in the insurance industry and is currently the Head of Insurance for the Aga Khan Fund for Economic Development (AKFED). He is a Director on the Boards of the Company’s insurance subsidiaries. Before joining the Company, he was the Executive Chairman of the Allianz Group Insurance subsidiaries in Egypt. Mr. Metcalf is a Fellow of the Chartered Insurance Institute and holds a BA (Hons) in Banking Insurance & Finance from Sheffield Hallam University. Mr. Metcalf is a member of the Board Finance Committee, Board Audit & Compliance Committee, Board Nominating & HR committee and Board IT Committee.
Jubilee Financial Services Limited (JFSL)
Mr. Kassam was appointed to the Board on 28th March 2019 and a member of the Board Audit & Compliance Committee. He is a Fellow Member of the Institute of Certified Public Accountants of Kenya (ICPAK) and the Association of Chartered Certified Accountants, UK (ACCA). He is a practising Member of the Institute of Certified Public Accountants of Uganda and a Member of the Chartered Institute of Arbitrators UK. He is also a Member of the National Board of Accountants & Auditors, Tanzania. He is a recipient of the Order of the Grand Warrior (O.G.W.) as well as ACCA Achievement Award in recognition of his contribution to the development of the accountancy profession both locally and globally. He has extensive experience in audit & assurance, tax, transaction & risk advisory and management consulting and is currently the Executive Chairman of RSM Eastern Africa LLP. He also serves on the Boards of JHL’s subsidiaries, The Jubilee Insurance Company of Kenya Limited and Jubilee Financial Services Limited. Mr. Kassam is a Board Member of the Entrepreneurs Organisation - Kenya and is the Accelerator Chair, a program that supports the development and growth of early stage entrepreneurs.
Ali Rawji
Regional Chief Operating Officer
Ali Rawji has more than 20 years of management experience in financial services, accounting, finance, investment analysis and risk management. He is currently the Group Chief Operating Officer for Jubilee Holdings Limited overseeing operations in Kenya, Uganda, Tanzania, Burundi and Mauritius. He is a member of the Canadian Institute of Chartered Accountants.
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