Mortgage lender Housing Finance (HF Group) has appointed its credit director Peter Mugeni Oduori as the managing director, effective November 17, 2021.
Peter Mugeni is a seasoned banker, with 20 years of experience in leadership, credit risk management and operations, as well as leading large teams both regionally and across Africa.
“Through his experience, he has formulated and implemented business strategies that have made significant turnaround impacts to the organizations he has worked for,” the Housing Finance board said in a statement.
Peter Mugeni holds a Master of Science in Finance (Banking Option) and a Bachelor of Commerce degree (Finance Option) both from the University of Nairobi. In addition, He is a Certified Retail Banker, (CRB, UK), an Affiliate Member of the Association of Chartered Certified Accountants (ACCA, UK), a Certified Bank Credit Evaluator (SBS, SA), an Associate Member of the Professional Risk Managers (PRMA, US) and is a Fellow of the Retail Banking Academy (RBA, UK).
He has previously held various senior roles in Stanbic Bank Kenya Limited, Stanbic Bank Tanzania and Standard Bank Group.
Peter Mugeni takes the place of Robert Kibaara, who has served as the managing director from December 2018 to August 2020, when Regina Anyika took over in an acting capacity.
“The Board of Directors wishes to extend its gratitude to the acting Managing Director Ms Regina Anyika who held the role in an interim capacity who now continues in her role as Director Legal and Company Secretary of the HF Group Plc” added the statement.
Recently, HF Group chief executive Robert Kibaara announced that the Nairobi Securities Exchange (NSE) listed financier had launched the search for a strategic investor in a regulatory filing to shareholders.
“HF Group Plc has commenced the process of inviting strategic investors to acquire a stake in the Company as disclosed in the published 2020 financial statements. The aim of the proposed transaction is to strengthen the Group’s capital in line with the Group’s current strategic direction. This process is ongoing and as at the date of this announcement no formal transaction has been concretized.” HF Group chief executive Robert Kibaara