Stephen Karumbi

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Job Title: Chief financial officer

Company: Family Bank

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Stephen Karumbi is the CFO at Family Bank.

He started his financial career as a senior tax consultant at Ernst & Young and has spent 14 years in the financial services sector. Stephen has held leadership roles at Tugende, Chase Bank Kenya and Equity Bank.

He holds a BA in Economics from Kenyatta University and advanced management program certifications from IESE Business School and Strathmore University. Stephen is a certified public accountant.

Work

  • Nov 2020 - Present: Chief Finance Officer, Family Bank
  • Oct 2018 - Nov 2020: Chief Finance Officer, Tugende
  • Jul 2016 - Aug 2018: Head of Finance & Strategy, Chase Bank Kenya
  • Jan 2015 - Jun 2016: Head of Strategy, Chase Bank Kenya
  • Apr 2014 - Dec 2014: Head of Analytics, Chase Bank Kenya
  • Dec 2012 - Apr 2014: Senior Manager, Chase Bank Kenya
  • Sep 2011 - Dec 2012: Manager - Group Tax, Equity Bank
  • Dec 2009 - Sep 2011: Assistant Manager Internal Audit, Equity Bank
  • Jun 2006 - Jul 2010: Senior tax consultant, Ernst & Young
    Jul 2005 - Jun 2008: Lecturer, Strathmore University

Education

  • Apr 2022 - Nov 2022: Advanced Management Program, IESE Business School
  • Apr 2022 - Nov 2022: Advanced Management Program, Strathmore University
  • 2001 - 2005: B.A, Economics, Kenyatta University
  • 2000 - 2003: Certified Public Accountant, Strathmore University

Family Bank
Family Bank became a fully-fledged commercial bank in May 2007. It is regulated by the Central Bank of Kenya and is a member of the Deposit Protection Fund meaning that customers’ deposits are protected.

It has a network of 92 branches countrywide and over 1.7 million customers.

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