ICIFA

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Other Committees

Governance, Nomination and Remuneration Committee

  • Initiate proactive thought leadership by developing and disseminating position papers on regular basis.
  • Review and recommend appropriate organizational structure, staffing and terms of service in order to attract, and retain human talent for achievement of ICIFA long term plans.
  • Engage with key stakeholders and regulators to promote the Institute’s mandate.
  • Enhance participation in forums on governance and accountability in the Kenyan Financial Markets.
  • Promptly address national and county governance and accountability issues and legislation issues.

Governance, Nomination, & Remuneration Committee Members

NamePosition
FFA Dr. Jonah AiyabeiChairman
FA Einstein KihandaMember/Council Member
FA Dr. Nicholas Letting'Member/Council Member
CPA Judith NyakawaMember/Council Member
FA Edwin NjamuraMember/Council Member
FFA Lazarus Kimang'a, MBSMember
FFA Dr. George WakahMember
FFA Job KihumbaMember

Finance and Strategy Committee

  • Coordinate development, implementation and monitoring of the Institute’s strategic plan.
  • Consider and recommend to the Council strategies for ensuring financial sustainability of the Institute.
  • Coordinating and managing administrative matters of the Institute.
  • Develop and manage Institute Investment policy and its implementation.
  • To consider the Institute’s annual budget and to recommend to the Council for approval.
  • Monitor the Institute’s performance and present quarterly performance reports to Council with appropriate recommendations.
  • Follow up recommendations from both Internal and external audit.
  • To review the draft audited financial statements and make recommendations.

Finance & Strategy Committe Members

NamePositionTitle & Organization Name
FA Edwin Njamura Chairman ICIFA Council Member
CPA Judith Nyakawa Member ICIFA Council Member
FA Leah Nyambura Member ICIFA Council Member
FA Charity Muya Member Consultant
FA Evans Moturi Member Director – Weblink Management Consultant
FA Janet Waweru Member Chief Accountant – Britam Asset Managers
FA William Irari Member Chief Finance Officer – Magana Holdings
FA Isaac Otolo Member Partner, Transaction Advisory - PwC

Education and Research Committee

  • To promote research in the subject of investments and financial and related matters, and the publication of books, periodicals, journals and articles in connection therewith; (as per the Act)
  • Coordinate development and implementation of ICIFA education and research policy.
  • Encourage pursuit of research interests among members of the Institute.
  • Identify and collaborate with research institutions for furtherance of Institute’s mandate.
  • Develop and recommend research proposals for funding.
  • Support members pursing research that is beneficial to ICIFA, its members and the finance and investment profession.
  • Promote linkages with training institutions.
  • To oversee the adoption and implementation of the International Education Standards (IESs).
  • To produce the Financial Analysts Journal.
  • Liaison with the examinations board (kasneb) in accreditation of training institutions.
  • Periodic review on CIFA syllabus.

Education & Research Committe Members

NamePositionTitle & Organization Name
FA Dr. Duncan Elly Ochieng’ Chairman ICIFA Council Member
FA Margaret Kibera Member ICIFA Council Member
FA Isaac Njuguna Member Examinations Director - Kasneb
FA Geoffrey Injeni Member Faculty Director – Strathmore University
FA Jackline Onyango Member Chief Investment Officer – African Alliance Asset Management
FA Erick Kyalo Member Director – Goodson Capital
FA Daniel Kithinji Member Associate Consultant - KUSCCO
FA Purity Kagendo Member Research Officer – KSG

Membership Services Committee

  • To undertake a membership needs assessment and recommend to the Council for implementation.
  • Coordinate development and implementation of ICIFA training policy.
  • To oversee the implementation of Continuing Professional Development (CPD) policies and guidelines.
  • To develop marketing and member recruitment and retention plans and strategies.
  • To coordinate continual improvement in quality service provision to members including evaluation of member satisfaction levels.
  • To profile and evaluate needy students with interest in the finance profession for award of scholarship.
  • To develop and implement student mentorship program and advise Council on the same.
  • Administer the annual fit and proper membership integrity test.

Membership Services Committe Members

NamePositionTitle & Organization Name
FA Catherine Karita Chairman ICIFA Council Member
FA Terrence Adembesa Member Chief Derivatives Officer - NSE
FA Joseph Kipronoh Member Assistant Accounting General – National Treasury
FA Paul Wachiuri Member Senior Clerk – Kisii University
FA Catherine Theuri Member Corporate Financial Accountant – Bamburi
FA Christopher Ombunya Member Accountant/Finance Officer - NSSF
FA Gabriel Inzoberi Member Life Insurance Officer – AKI
FA John Kihara Member CEO – UFAA

Audit, Risk and Compliance Committee

  • To monitor on Council’s behalf the efficiency and effectiveness of processes and controls in line with statutory provisions, policies and by laws.
  • Review effectiveness of the processes of corporate governance and affiliations with other bodies.
  • Advice and make recommendations on the Institute’s internal control system for efficiency and review management’s adherence to the internal control systems.
  • Continuously review the scope, results and effectiveness of internal & external audit.
  • Assess and ensure effectiveness of processes in place for preparation and audit of the annual financial statements.
  • Review effectiveness of internal control and risk management systems.
  • To monitor, recommend and provide advice to the Council on the Integrity of the Financial Statements of the Institute, including its annual and quarterly reports, preliminary results announcements relating to its financial performance or other financial information to be made public.
  • Advice the Council on the terms of engagement and remuneration with the external auditor.
  • To oversee the selection process for a new external auditor and, if the external auditor resigns, to investigate the reasons for the resignation and decide on any action to be taken.
  • To assess at least annually the auditor’s qualifications, experience and resources and the effectiveness of the audit process which shall include a report from the external auditor on its own internal quality procedures to monitor the external auditor’s compliance with applicable legislation and guidance on the rotation of audit partners.
  • To review and discuss the audited financial statements with the Institute’s Secretariat; Finance and Strategy Committee and with the external auditor and to address any issues which arose during the audit.
  • Monitor the Institute’s compliance with external legislation and policies.
  • Monitor implementation on internal and external audit.

Audit, Risk and Compliance Committee Committe Members

NamePositionTitle & Organization Name
FA Dr. Nicholas Letting’ Chairman ICIFA Council Member
FA Solomon Ngahu Member Head of Financial Reporting Unit – National Treasury
FA Isaac Ogutu Member Senior Group Internal Auditor – Auto Express
FA Teresia Mburu Member Head General Supervision - IRA
FA Dr. Joshua Aroni Member Consultant – Africon
FA Ken Kibet Member Financial Analyst – CBK
FA Ernest Muriu Member Partner – Ernest & Martin Associates
FA Eric Achola Member Head of Finance – KUAP

Professional Standards Committee

  • Advise Council on development of financial analysis standards for mandatory application in Kenya.
  • Coordinate ICIFA’s participation in standard setting process with stakeholders for investment and financial analysts.
  • Oversee development of technical guidelines, templates and frameworks on application of professional investment and financial standards
  • To discuss investment and financial related matters in Kenya and to avail necessary expertise in the formulation of policies
  • To promote good investment and financial practices with a particular focus on public interest entities.
  • Ensure members comply with code of conduct and ethics by members.
  • Review compliance with the Act, Code of Conduct and Ethics, By-Laws and professional standards.
  • To advise regulators on matters related to investment and financial professional standards.
  • To be an advisor through the Council to the government on matters on investment and finance policies.
  • To advise and keep the Council updated on new standards that arise in the Kenyan financial markets.

Professional Standards Committe Members

NamePositionTitle & Organization Name
FA Anthony Mwithiga Chairman ICIFA Council Member
FA Geoffrey Odundo Member ICIFA Council Member
FA Patricia Kiwanuka Member ICIFA Council Member
FA Peter Onyango Member Head, Risk Analysis - CMA
FA Daniel Nzioki Member Managing Partner – Merit Financial Consultants
FA Humphrey Gathungu Member CEO- Jubilee Financial Services
FA Henry Kyanda Member Managing Director – Everstrong Capital
FA Paul Kamau Member Director – Finaltus Ventures