Base Titanium Limited has expanded its board of directors with three new members. Aly-Khan Satchu, John Ngumi and Desterio Oyatsi are the new board members.
This moves was informed by the need to bring on board Kenyan residents to add value through their deep local insight.
This trio will be joining the current board Chair Professor Joseph Maitha, Tim Carstens, Colin Bwye,
Below are detained profiles of the new directors:
John Ngumi
Director
John Ngumi has played a leading role in the development of Kenya’s and East Africa’s debt and equity capital markets over the last 25 years, most recently during his tenure as Director, Investment Banking Coverage at Standard Bank in Nairobi. Mr Ngumi is the current Chairman of the Board at Kenya Pipeline Company Limited and previously held the position of the first Chairman of Konza Techno City Development Authority.
Desterio Oyatsi
Director
Desterio Oyatsi is an accomplished Nairobi-based lawyer, an Advocate of the High Court and Managing Partner of Shapley, Barret & Company Advocates, a leading law firm in Kenya. Mr Oyatsi sits on several Boards and is currently Chairman of Metropolitan Life Insurance Kenya Limited and the Commercial Bank of Africa (CBA) group. He has previously served as a director in various other organizations including Telkom Kenya and the Capital Markets Authority.
Mr Oyatsi has been involved as an advisor with the Kwale mineral sands project since its inception, particularly in negotiations with the relevant Government agencies for the legal instruments and rights upon which the project operates and as a member of the Resettlement & Compensation Committee which oversaw the successful resettlement and compensation of the local community.
Aly-Khan Satchu
Director
Aly-Khan Satchu is the Chief Executive Officer of Rich Management Limited, a Nairobi-based investment advisory firm. Prior to establishing Rich Management, Mr Satchu worked for 15 years in London’s financial sector. During his time in London Mr Satchu served as the Executive Director of Dresdner Kleinwort Wasserstein, Managing Director of Sumitomo Bank and as Treasurer and Director of ANZ Investment Bank. Born in Mombasa, Mr Satchu returned to Kenya in 2006. He is also a regular commentator on economic matters in local and international media.
It is our hope that the new directors will bring on board deep insights about Kenya and also make sure that the interests of Kenyans are protected as the Australian company carries out its business in Kwale County.
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