Board of Directors
Board of Directors
Dr. Rasik C. Kantaria
Chairman
Chairman
Dr. Rasik Kantaria is the founder and Chairman of Prime Bank Limited. He holds a Bsc (Economics) degree from London.
Dr. Kantaria is also the founder and Chairman of Prime Capital Holdings Limited. He is a co-founder and former Chairman of First Capital Bank (previously known as First Merchant Bank Limited Malawi). He is the Chairman of Tausi Assurance Company Limited.
Dr. Kantaria served as a director at the Deposit Protection Fund Board appointed by the Central Bank of Kenya. He is chairman and director of a number of companies in the tourism, real estate, and manufacturing industries.
He is a long standing Rotarian and for his outstanding contribution towards humanity, he has been conferred with an Honorary Doctor of Humanities Degree by The United Graduate College & Seminary, USA.
President of the Republic of Kenya H.E. Dr. William Ruto has also awarded Dr. Kantaria with the Head of States Commendation (HSC) civilian award for his exemplary service to the nation.
Mr. Shantilal K. Shah
Vice Chairman
Vice Chairman
A Bachelor of Commerce (Honours) graduate and a practicing Accountant, Mr. Shantilal Shah is a FCA (Chartered Accountant, UK), a FCPA (Certified Public Accountant, Kenya) and a CPS (Certified Public Secretary, Kenya).
Mr. Shah is also a director at Tausi Assurance Company Limited.
Mr. Amar Kantaria, MBS
Executive Director
Executive Director
Mr. Amar Kantaria is a Bachelor of Arts (Honours) graduate and holds an MBA in International Management.
Mr. Amar Kantaria was appointed as the Executive Director of Prime Bank Limited in 2008 after serving as Deputy Chief Executive for over five years.
Mr. Amar Kantaria is also a Director at Tausi Assurance Company Limited since July 2010.
President of the Republic of Kenya H.E. Dr. William Samoei Ruto awarded Mr. Kantaria with the Head of States Commendation of Moran of the order of the Burning Spear (M.B.S) for his selfless service to humanity and serving the nation.
Mr. Rajeev Pant
Chief Executive Officer
Chief Executive Officer
Mr. Rajeev Pant was appointed Chief Executive Officer in March 2023.
With over 33 years of work experience, Mr. Pant has a wealth of expertise in Corporate Finance, International Banking, Financial Advisory Services, Business Development and Management cutting across the international banking arena.
He has previously worked for Mashreq Bank, First Abu Dhabi Bank, Credit Agricole, National Australia Bank, Development Bank of Singapore, among others.
Mr. Pant is an Associate Member of the Institute of Chartered Accountants of India and holds a Bachelor’s Degree in Commerce.
Mr. Terry Davidson
Director
Director
Mr. Terry Davidson is a veteran banker having spent 3 decades with Citibank in various geographies and capacities including Region Head for East and Southern Africa.
He was also Chief Executive Officer of Kenya Commercial Bank (KCB) for 5 years.
For the past few years, Mr. Davidson has worked as an independent consultant and currently serves as Chairman of FMBcapital Holdings plc, the Mauritius-based holding company of the FMBcapital Group (FMBCH) and Chairman of First Capital Bank Ltd, Malawi, the Malawian subsidiary of the group.
In addition, he is also Chairman of the Maa Trust, a Trustee of Gertrude’s Children’s hospital and an independent director of tourism company Nawiri Ltd.
He was previously a founder member of the Kenya Capital Markets Authority, a member of the Capital Markets Tribunal, the Kenya Deposit Protection Fund, Chairman of the Kenya Bankers Association and past council member of the University of Nairobi.
Mr. David G.M. Hutchison
Director
Director
Mr. David G. M. Hutchison joined the Prime Bank Board as a director in 2006. He is a Certified Public Accountant and a former Senior Partner of Ernst & Young Eastern Africa.
He has many years of experience in audit, tax advice and financial management, reconstruction and consulting covering various industry sectors, in a number of African countries.
He is the current Chairman of Banda Group Educational and Property Groups.
He is a Non-Executive Director of ICEA Lion General Insurance Company Limited, ICEA Lion Life Assurance Company Limited, East Africa Reinsurance Company Limited, among others.
Mr. Jinaro K. Kibet
Director
Director
Mr. Jinaro Kipkemoi Kibet SC, was appointed to the board in 2014. An Advocate of the High Court of Kenya of 34 years standing.
He is one of the four founding Partners of TripleOKLaw LLP Advocates, a top tier City law firm where he is also the Senior Partner in the corporate and commercial department.
Prior to turning his attention to corporate- commercial work, he had a very successful career in litigation at which time he handled several landmark and high profile cases.
Mr. Kibet currently serves on several other boards including Unga Group PLC, Telkom Kenya, Automobile Association of Kenya among others.
Mr. Farid Mohamed
Director
Director
Mr. Mohamed was appointed to the Board in 2016.
A financial advisor to the private sector, Mr. Mohamed has over 25 years experience in structuring and arranging finance for projects ranging from large infrastructure in Europe, South East Asia and Latin America, to projects in East and Southern Africa, covering finance, industrial, energy (generation and transmission), and transportation (ports and roads) sectors.
He has regularly acted as an advisor to development finance institutions including the World Bank, IFC, DEG and KfW and currently advises public and private companies in Eastern Africa on the development of corporate strategy and arrangement of project and structured financing for new projects and for privatization of infrastructure.
Mr. Mohamed holds a Master of Science (MSc.) and Masters of Business Administration (MBA).
Mr. Paul Botha
Director
Director
Mr. Paul Botha is a founder and the Chief Executive Officer of Metier, a pan African private equity fund manager specialising in Growth Capital and Sustainable capital investing. He is an Attorney and Notary Public by profession.
He specialises in mergers, acquisitions, and cross-border work across several industries.
He has an outstanding record in executing more than 250 corporate transactions, of which the majority have involved private equity transactions and the entrepreneurial multi-disciplinary assignments which Metier targets.
Mr. Botha is a committed and effective dealmaker and board member with a reputation for getting things done to the highest standards of professionalism. He represents Metier as a board member in several portfolio companies.
He currently serves as the Chairman of the Africa Venture Capital Association.
Mr. Skander Khalil Oueslati
Director
Director
Mr. Skander K. Oueslati joined the Prime Bank Board on 8th February 2020. He holds a Master’s degree from Massachusetts Institute of Technology, USA, and Engineering degrees from France’s Ecole Polytechnique and Ecole Nationale des Ponts et Chaussées.
Mr. Oueslati is currently the CIO and Deputy MD of AfricInvest Group. Prior to joining AfricInvest in 2008, Mr. Oueslati worked for BMCE Bank International in London and the International Finance Corporation in Washington DC, USA.
Mr. Oueslati has extensive investment management experience as well as board experience.
Ms. Ruth Kinyanjui
Director
Director
Mrs. Ruth Kinyanjui is a Strategy, Tech and Financial Advisor. She holds nearly two decades in Executive advisory services.
She has previously worked for PricewaterhouseCoopers (PWC), KPMG East Africa and PKF East Africa among others. She enjoys working with organisational functions to meet world-class criteria in leadership through Strategy, risk, fund and wealth management, people, processes, technology, market intelligence, Project management and achieve next-level organizational success. Her advisory spans different sectors in Eastern Africa, Sub-Saharan Africa, Europe, United States of America and Middle East.
Mrs. Kinyanjui sits in several boards among them Prime Bank, Mhasibu Sacco, Oasis of Endless Hope Centre and previously Rafiki Microfinance Bank.
