Board of Directors

Board of Directors

Dr. Rasik C. Kantaria

Dr. Rasik C. Kantaria
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 & Credit Limited Finance Company. He is a co-founder and former Chairman of First Capital Bank previously known as First Merchant Bank Limited Malawi and 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 many other companies in the tourism, real estate, and manufacturing industries.

He is a long standing Rotarian and for his outstanding contribution towards humanity, he was conferred an Honorary Doctor of Humanities Degree by The United Graduate College & Seminary, USA.

Mr. Shantilal K. Shah
Vice Chairman

A Bachelor of Commerce (Honours) graduate and a practicing Accountant, Mr. Shantilal Shah is an FCA (Chartered Accountant, UK), an FCPA (Certified Public Accountant, Kenya) and a CPS (Certified Public Secretary, Kenya).

Mr. Shah is also a director at Tausi Assurance Company Limited.

Mr. Shantilal K. Shah
Mr. Amar Kantaria

Mr. Amar Kantaria
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 five years.

Mr. Amar Kantaria is also a Director at Tausi Assurance Company Limited since July 2010.

Mr. Bharat Jani
Managing Director

Mr. Bharat Jani has vast experience in international banking spanning over 40 years.

He joined Prime Bank in 2001 and was appointed as the CEO in October 2008, having served in the position of General Manager for a period of five years. In 2014, Mr. Jani was elevated to the position of Managing Director of the bank.

He is a qualified, experienced and result oriented banker holding a Masters Degree in Commerce with specialization in Accountancy & Economics.

Mr. Jani holds professional qualifications in Banking & Financial Management.

Mr. Bharat Jani
Mr. Terry Davidson

Mr. Terry Davidson
Director

Mr. Terry Davidson is a career banker having spent 3 decades with Citibank in various geographies and 5 years as CEO of Kenya Commercial Bank. For the past few years, he has worked as an independent consultant and is on the board of various companies, including Chairman of First Capital Bank Ltd and Asilia Ltd. Mr. Davidson was a founder member of the Kenya Capital Markets Authority, a member of the Kenya Capital Markets Tribunal, the Kenya Deposit Protection Fund, Chairman of the Kenya Bankers Association and past council member of the University of Nairobi. In addition to being a Trustee of Gertrudes Children’s hospital, he is also Chairman of the Gertrudes Pension Fund and a Trustee of the Gertrudes Foundation.

Mr. David .G.M Hutchison
Director

Mr. David G. M. Hutchison joined 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 diversity 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. David .G.M Hutchison
Mr. Jinaro K. Kibet

Mr. Jinaro K. Kibet
Director

Mr. Jinaro Kipkemoi Kibet was appointed to the board in 2014. An Advocate of the High Court of Kenya of 32 years standing. He is a founding Partner 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, Athletics Kenya among others.

Mr. Farid Mohamed
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 and energy sectors.

He has previously 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 business plans 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. Farid Mohamed
Mr. Biniam Yohannes

Mr. Biniam Yohannes
Director

Biniam Yohannes joined the Prime Bank Board on 8th February 2019. He has over 18 years of experience in private equity, investment banking and emerging markets.

He is the Managing Director of Catalyst Principal Partners, a private equity fund that invests across eastern Africa. Biniam previously worked as a Vice President at Goldman Sachs focused on the infrastructure, technology, media, telecom and project finance sectors.

He holds a Bachelor of Arts in Mathematics from Saint Anselm College, a Bachelor of Engineering and Masters of Engineering Management from Dartmouth College.

Mr. Yohannes is also a director at Tausi Assurance Co. Ltd.

Mr. Skander Khalil Oueslati
Director

Mr. Skander K. Oueslati joined Prime Bank Board on 8th February 2019. 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.

Prior to joining AfricInvest Group as a Senior Partner to oversee investments in Africa, he 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, the latest being his nomination to the board of Tausi Assurance Co. Ltd.

Mr. Skander Khalil Oueslati
ruth kinyanjui

Ms. Ruth Kinyanjui
Director

Ms. Ruth Kinyanjui joined Prime Bank’s Board in 2022. Ms. Kinyanjui is a seasoned Executive advisor, a Financial, Risk, Operations and Procurement expert. She holds over fifteen years in Executive advisory services, having worked with organisations across different sectors in Eastern Africa and the wider Sub-Saharan Africa region.

She is passionate in helping clients to structure and position finance, operations and procurement departments to deliver lasting organizational success. She has previously worked for PricewaterhouseCoppers, KPMG East Africa and PKF East Africa among others.

She holds a CPA (K) with an MBA in Strategic Management.