Our Board Of Directors includes 9 members with diverse experience in various fields including law, banking and management.

The Bank’s Board is led by the Chairman Mr. Sarit Shah, and its membership consists of non-executive Directors drawing vast experience from their varied backgrounds in fields including Banking, General Management, Law, Accounting and Investment Analysis, apart from hands on experience in various industries.

  • Mr. Sarit Shah

    Board Chairman

    Mr. Sarit S Raja Shah was appointed as Chairman of the Bank on the 14th January 2010 upon the acquisition of the Bank by the consortium led by I&M Bank Ltd. Mr. Sarit S Raja Shah holds a Master’s Degree from City University London. He is currently an Executive Director of I&M Bank Limited, Kenya and also serves on the board of several other companies, including I&M Holdings Ltd, Bank One Ltd, GA Insurance Limited & Coastal Bottlers Ltd (a bottling plant that has a Coca Cola Franchise).

  • Mr. Shameer Patel


    Mr Shameer Patel was appointed as a Director of the Bank on 11th September 2013. He is the member of the Board Audit Committee and Board Risk Committee. He has more than 15 years of experience in Banking covering credit, operations and strategic planning. Mr Shameer Patel is part of the senior management team at I&M Bank Ltd, Kenya and heads the CEOs Office function with responsibilities covering various strategic initiatives and monitoring of subsidiaries within the banking group.

  • Mr. Pratul H. D. Shah


    Mr. Pratul Shah was appointed as Director of the Bank on the 10th February 2010. He is the Chairman of the Board Audit Committee and a member of Board Risk Committee. Mr. Pratul Shah is a Fellow of the Association of Chartered Certified Accountants. He is also a member of the Institutes of Certified Public Accountant and Certified Public Secretary of Kenya and was a partner in PricewaterhouseCoopers, Kenya. He holds various directorships in diverse companies in East Africa, in the financial, manufacturing and services sector, including Reliance Insurance Tanzania Ltd. He is also an Independent Director of Bank One Ltd, Mauritius

  • Mr. Michael N. Shirima


    Mr. Michael Shirima was appointed as Director of the Bank on the 14th January 2010. He serves as the member of the Board Audit Committee. Mr. Michael Shirima is a renowned businessman with diverse business interests in Tanzania. He is currently the Chairman of Precision Air Services Ltd and also serves on the board of several other companies.

  • Mr.Thierry Hugnin


    Mr. Thierry Hugnin was appointed as Director of the Bank on the 14th January 2010. After qualifying as a Chartered Accountant in England and Wales in 1993, Mr. Hugnin worked in investment banking in London and Mauritius. He later joined Blakeney Management, a London-based investment boutique, focusing in Africa and the Middle East. He is the Chief Investment Officer and a director of CIEL Capital Limited, the Investment Manager of CIEL Investment Limited

  • Mr. Alan Mchaki


    Mr. Alan Rodrick Mchaki was appointed as an Independent Director of the bank with effect from 26th September 2016. He is a fellow member of Association of Chartered Certified Accountant of UK and Certified Public Accountant in Tanzania. He serves as Chairman of Board Risk Committee and a member of Board Audit Committee. He is also an Associate at Swaziland Institute of Accountants. Mr. Alan has over 30 years working experience covering public practice with two major accountancy firms and in industry, including amongst others, oil marketing, television broadcasting, health service delivery and mutual fund management; where he held directorship roles in finance. He is currently also practicing as an independent management consultant.

  • Ambassador Bertha E. Semu-Somi


    Ambassador Bertha Ernestine Semu-Somi was appointed as an Independent Director of the Bank on 6th September 2016. She also serves as an Executive Director of a Charity Organisation, Hassan Majar TRUST. She comes with vast experience, knowledge and network both in the Tanzanian Government and internationally, especially the United Nations System. Ambassador Bertha is reputed for her commitment to duty, diligence professionalism and teamwork. She also holds membership in various NGOs.

  • Mr. Arun S. Mathur


    from 11th September 2013. Mr. Arun S Mathur holds a B.Tech (Hons) degree and started his banking career in 1976. He joined I&M Bank Ltd, Kenya in 2000 and was promoted as CEO of I&M Bank Limited, Kenya in 2002. Mr. Mathur serves on the Board of various entities including I&M Bank Ltd, I&M Capital Ltd, I&M Insurance Agency Ltd in Kenya, Bank One Ltd, Mauritius and I&M Bank (Rwanda) Ltd. He also serves as a member of the Governing Council of Kenya Bankers Association

  • Mr. Bharat K. Ruparelia


    Mr. Bharat K. Ruparelia was appointed as Director of the Bank and a member of the Board Credit Committee effective from 7thSeptember 2017 Mr. Ruparelia is an entrepreneur with interests in varied commercial and agricultural ventures in Tanzania. He holds Directorship in the Board of many companies in the country.