DTB Announces Major Leadership Changes Following Retirement of Three Directors

‍‌Diamond Trust Bank Kenya Limited (DTB) announced a significant restructuring of its leadership team effective June 25, 2026.

In a notice dated July 1 2026, the transition involves the concurrent retirement of three long-serving non-executive directors and the strategic appointment of an experienced corporate governance professional to the Board.

The governance changes were formally published by Board Chairman Linus Gitahi on July 1, 2026, in compliance with the Capital Markets Authority regulations.

DTB Board Directors Conclude Service

The board changes were caused by the retirement of three non-executive directors: Moez Jamal, Irfan Keshavjee, and Guedi Ainache.

Also Read: Diamond Trust Bank, National Bank of Kenya and Access Bank Announce Revised Loan Lending Rates

Their retirement was followed by a successful completion of their official tenures.

Both retirees were non-executive directors serving on the main Board of Diamond Trust Bank and various specialized committees.

Consequently, their official retirement took effect on June 25, 2026.

In response to these departures, Chairman Linus Gitahi expressed deep gratitude on behalf of the Board.

He specifically commended their leadership, dedication, and invaluable contributions to management, while wishing them success in their future endeavors.

Board Announces Appointment of Charles Luo

To fill the vacancies left by the outgoing members, DTB has successfully appointed Charles Munkonge Luo as a non-executive Director, effective June 25, 2026.

Also Read: Diamond Trust Bank Cuts Base Lending Rate

Luo joins the board with a distinguished background in finance, corporate governance, and strategic leadership.

He owns a BSc (Hons) in Applied Accounting from Oxford Brookes University and an MBA from the University of London.

Moreover, he is a certified Public Accountant of Kenya (CPA-K) and a Fellow of the Association of Chartered Certified Accountants (FCCA).

His current corporate roles include: Chief Executive Officer at Cynergy Global Limited (an infrastructure and energy investment firm), alongside being a Principal at Aventum Advisory Limited (a specialist transaction and investment advisory firm) and  Board Member at ICEA LION Life Assurance Company Limited

Previously, Mr. Luo built an extensive career as a Partner at Deloitte across multiple global jurisdictions, where, during his tenure, he led critical audit and advisory engagements for major financial institutions, including commercial banks, insurance companies, and pension funds.

Furthermore, his work extended to development finance institutions, energy sectors, and large corporate entities across East Africa, Southern Africa, and the United Kingdom.

His core competencies span financial management, risk assessment, corporate strategy, transactions, and business transformation.

Consequently, the Board has warmly congratulated Mr. Luo, expressing immense confidence that his deep sectoral knowledge will greatly benefit DTB’s future operations.

Alongside this information, this institutional announcement strictly adheres to the legal frameworks governing publicly listed entities in Kenya.

They include: Approving Authority: Capital Markets Authority (CMA) and Governing Regulation: Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations 2023.

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Newly appointed Non-Executive Director of DTB Kenya, Charles Munkonge Luo. PHOTO/LinkedIn