Management

Johnstone is the Chief Executive Officer & Managing Director at the Kenya Mortgage Refinance Company (KMRC); responsible for the establishment and operationalization of the Company. KMRC was established with the principal objective of addressing the long-term funding constraints hindering the growth of the primary mortgage market and reducing the funding cost of residential mortgages and availability of housing finance to Kenyans. The Company is one of the key enablers of the Affordable Housing Pillar of the Government of Kenya’s BIG 4 AGENDA.

From 2017 to 2019, Mr. Oltetia held the position of Senior Financial Sector Adviser at the National Treasury of Kenya, responsible for policy matters relating to banking,micro finance, capital markets, pensions and insurance among others.

Prior to this, Mr. Oltetia was the Manager Market Supervision at the Capital Markets Authority(CMA)-Kenya, responsible for oversight of Listed companies, Securities Exchanges(s), Central Securities Depositories (CSDs), Asset Management companies, Investment Banks, Stockbrokers and Investment Advisers among others.

A Certified Investment and Financial Analyst and holder of MBA and B. Com degrees. Member of Institute of Certified Investment and Financial Analysts (ICIFA)and Institute of Directors of Kenya (IOD). Mr. Oltetia is an alumnus of the Harvard Kennedy School holding a certificate in innovating Public Policy and Service

Ms. Florah Muthaura is the Head of Risk and Compliance. She holds a Master of Business Administration (MBA) degree in Strategic Management from University of Nairobi and a Bachelor of Commerce Degree in Actuarial Science from Kenyatta University. She is also a Member of ICPAK and Association of Women Accountants of Kenya (AWAK).

She was previously within the Old Mutual Group as a Risk and Compliance Specialist before moving to Standard Chartered Bank as a Finance Operational Risk Manager. She has also gained experience in the public sector having worked for Privatization Commission for close to 3years. She is rresponsible for ensuring risk containment with respect to all aspects of KMRC’s operations. She oversees implementation of the Company’s Risk Management Policy Framework as periodically revised and approved by the Board of Directors while ensuring that the Company’s key risks of credit, market, liquidity and operational risks are identified, assessed, measured, controlled and managed prudently.

Florah has over 12 years’ experience in financial management, enterprise risk management and compliance in the financial services sector with dynamic variables. She has been exposed to designing, evaluating and implementing risk management processes through integration of controls, audit and process management capacity building. Significant experience in Asset and Fund Management as well as Securities investment with global practices and competitive market positioning.

Geofrey is the Head of Credit since June 2020. He has extensive experience in Credit
Management and has held several leadership positions in the banking industry.

As the Head of Credit, Geofrey will be instrumental in the implementation of the Credit policy and
sound risk management practices.

Prior to joining the company, he was the Head of Credit Administration and previously, Head of
Collections and Credit Manager at HF Group.

His areas of expertise include but not limited to Credit appraisal, Debt restructuring, Portfolio
management and Project management.

Geofrey holds B.com (Banking & Finance) from Kenyatta University, Certified Public Accountant,
Certified Hay Job Evaluator, in addition to PRINCE2 Practitioner Certificate in Project
Management from APM Group UK.

Deborah holds a Master of Business Administration (MBA) degree in Management of Information Systems from Kenyatta University and a Bachelor of Science Degree in Software Engineering from Kenyatta University.

As the ICT manager she responsible for implementing the company ICT strategy, development and implementation of ICT policy and procedures, supervising the implementation and maintenance of the company’s ICT infrastructure as well as planning and   budgeting for the ICT department.

Deborah has over 10 years’ experience in Designing, Developing, Implementing and Deploying ICT systems, having previously worked at Attain Enterprise Solutions LTD where she was the Head of Implementation and Support. She has successfully implemented ICT systems in the Financial Services Sector, Public sector, Education Sector, Pension and Asset management sector and NGOs. Deborah also has Project Management experience having managed many ICT projects. Deborah is a member of the Information Systems Audit and Control Association (ISACA).

Daniel Lelekoitien is the Head of Human Resources and Administration, responsible for the management of the day-to-day operations of all HR administrative matters. With over 20 years cross industry experience, holding Strategic leadership and operational positions, Mr. Lelekoitien has a wealth of experience in Human Resources and Administration in Public and Private sectors.

Prior to joining the KMRC, Lelekoitien worked as the Deputy Director Human Resources Management at the Kenya Medical Research Institute (KEMRI). He also served as the Head of HR and Administration at Kenya Marine and Fisheries Research Institute (KMFRI) as well as Ewaso Ng’iro South River Basin Development Authority (ENSDA).

While at ABSA (formerly Barclays bank of Kenya), Mr. Lelekoitien served as HR Advisor-Employee Relations and Resource Coordinator-Retail Banking. He also worked at Kenya Wildlife Service (KWS) and at Pride Africa-Sunlink a Micro Finance Institution.

He holds a Masters Degree in Business Administration (Strategic Management) from the University of Nairobi and a Bachelor of Commerce degree, Marketing option from Kenyatta University. He also has a Post Graduate Diploma in Human Resource Management from the University of Nairobi, in addition to being a member of the Institute of Human Resource Management (IHRM). He has undertaken various professional courses including Senior Management Course (SMC), KWS Paramilitary Training, Cornel University Human Resource online courses, Quality Management Systems (KBS), Kenya Labour Laws (IHRM) and ABSA inhouse trainings.

Mr. Lelekoitien is a Certified Human Resource Professional (CHRP(K) from the College of Human Resource Management Kenya. In addition, he is a full member of the Institute of Human Resource Management (IHRM) and holder of HR Practicing Certificate.

Gideon Rutto is currently the Procurement and Logistics Manager, responsible for implementing the organization’s Procurement & Logistics Strategy, as a key deliverable for timely and cost-effective acquisition of goods and services.

He joined the Kenya Mortgage Refinance Company in June 2020 from the KCB Bank Kenya, where he worked in the Procurement Department as a Strategic Buyer, a role he held for 10 years. Prior to joining KMRC, he worked on a Short-Term Assignment (STA) at KCB Bank Rwanda in Kigali as a Procurement Manager. As KMRC’s Procurement and Logistics Manager, Gideon’s job brings contributes to added value to the Company and meets the standards of International Best Practice.

He holds a bachelor’s degree in Engineering from Moi University and is currently pursuing a Master of Science Degree in Procurement and Logistics Management at the Jomo Kenyatta University of Agriculture and Technology (JKUAT). He is a member of the Kenya Institute of Supplies Management (KISM) and the Chartered Institute of Procurement & Supply (CIPS). During his free time, Gideon enjoys spending time with his family and watching Rugby.

Erick Wambua is the Finance Manager at the Kenya Mortgage Refinance Company, a role he has held since June 2020. He holds a Master of Science degree in Finance and a Bachelor of Arts Degree (Economics and Mathematics) from the University of Nairobi. He is also a Certified Public Accountant (CPA), a Certified Securities and Investment Analysts (CSIA) and a member of the Institute of Certified Public Accountants of Kenya (ICPAK).

Prior to working at KMRC, he worked as a Corporate and Treasury Analyst at KCB Bank. He has also worked at Stanbic Bank and at Citibank N.A Kenya as a Finance Officer and Business Analyst, respectively.

As the Company’s Finance Manager, Erick oversees the accounting, financial reporting, analysis, and tax functions. He is also responsible for the coordination of planning, budget preparation, implementation, and controls.

Elisha Nyikuli is an experienced in-house corporate & commercial lawyer well-versed in the financial services industry. Prior to joining KMRC in May 2021, he worked for Stanbic Bank Kenya as a Senior Legal Counsel. He has previously served at National Bank of Kenya as Head of Security Documentation and at Gulf African Bank as Legal Officer, before which he had practiced law as an Associate at the firm of Sichangi & Associates Advocates.

Elisha holds a Bachelor of Laws (LLB) degree from the University of Nairobi and a Master of Laws (LLM) degree in International Financial Law and Regulation from Strathmore University. He is a registered Certified Public Secretary and a member of both the Law Society of Kenya and the Institute of Certified Secretaries. He also holds a certification in French from Alliance Française of Nairobi. Elisha is responsible for managing all legal issues at KMRC, including but not limited to litigation; preparation, review and management of contracts; perfection of securities; providing comprehensive legal advisory to the company; ensuring compliance with the organization’s governing structures; as well as providing oversight on company secretarial services, which includes coordinating Board meetings and related documentation and action items.

Ms. Olive Gitau is the Head of Internal Audit, responsible for providing an independent, objective assurance and consulting activity designed to add value and improve KMRC’s operations. She assists the Board and Senior Management in protecting the assets, reputation and sustainability of KMRC by evaluating and improving the effectiveness of risk management, internal controls and governance processes.

Olive has over 16 years’ professional experience in implementing effective internal controls, developing practical risk management techniques, collaborating with stakeholders to establish appropriate governance processes and advising on public finance management.

Prior to joining KMRC, she worked with the Central Bank of Kenya as a Senior Internal Auditor for over fourteen years. She has been a regional trainer of Risk Management and Internal Controls courses at the Kenya School of Monetary Studies (KSMS) and at Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI), a regionally owned institute currently with 14 member countries. She also gained experience in tax administration at the Kenya Revenue Authority for close to three years. Her exposure and contribution as a Trustee at the Banki Kuu Pension Scheme informed strategic financial and investment decisions growing the fund value by more than 300% in a span of 5 years.

She holds a Master of Business Administration (MBA) degree in Operations Management from the University of Nairobi and a Bachelor of Commerce Degree in Finance from Catholic University of Eastern Africa. She is a Graduate Fellow in Operational Risk Management (ORM) from MEFMI. She is a Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA), PRINCE2® certified practitioner, Certified Risk Professional through Risk Certification Program (RCP) by Global Association of Risk Professionals (GARP) and Certified Trustee under the Trustee Development Program of Kenya by RBA through College of Insurance. She is also a member of ICPAK, ISACA, Institute of Internal Auditors (IIA) and Association of Women Accountants of Kenya (AWAK).

She is passionate about service and has been serving in the ICPAK Member Services Committee since 2017 where she represents in various engagements relating to the young accounting professionals, CPA graduates and ICPAK members including facilitating trainings on ICPAK initiatives.