Board of Directors

Board of Directors

Dr. Rasik C. Kantaria

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 Chairman of 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. 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 of Tausi Assurance Company Limited since July 2010.

Mr. Bharat Jani
Managing Director

Mr. Bharat Jani has vast experience in international banking spanning 35 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 appointed the 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. James N. Mungai

Mr. James Mungai, a Certified Public Accountant is currently the Finance and Administration Director at Pelican Insurance Brokers Ltd.

He has served as the Chairman of the Board of National Hospital Insurance Fund (NHIF) and currently as a Director of Mayfair Group.

He has worked at the Nairobi City Council and the Ministry of Co-operative and Social Services

Mr. Terry Davidson

Terry Davidson is a veteran banker having spent over 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 for 5 years. For the past few years, Terry has worked as an independent consultant and is on the board of various companies, including First Capital Bank, Zambia, publicly listed KenolKobil, KK Security Group, and Asilia Ltd as well as being Chairman of The New Forests Company.

Mr. Davidson is an adviser to Falcon Investment Advisers for their activities in East Africa. He is a Trustee of Gertrudes Garden Children’s Hospital, the Chairman of the Olare Orok and Motorogi Trust and an adviser to the Palmhouse Foundation.

He was previously a founder member of the Kenya Capital Markets Authority, a member of the Kenya Capital Markets Tribunal, Chairman of the Kenya Bankers Association and past council member of the University of Nairobi and the United States International University.

Mr. David .G.M Hutchison

Mr. David G. M. Hutchison joined Prime Bank Board as a director in 2006. He is the Chairman and Independent Non-Executive Director of SCANGROUP Limited, and East African Packaging Industries Limited. 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 a Non-Executive Director of ICEA Lion General Insurance Company Limited, ICEA Lion Life Assurance Company Limited, East Africa Reinsurance Company Limited, and Synresins Limited. He is also Chairman and CEO of companies in the Banda Educational and Property Group.

Mr. Jinaro K. Kibet

Mr. Jinaro Kipkemoi Kibet was appointed to the board in 2014. An Advocate of the High Court of Kenya for 25 years standing, Mr. Kibet is a founding partner of Triple O law LLP Advocates, a top tier City law firm.

He has had a highly successful career as a litigation practitioner at which time he handled several landmark cases.

He subsequently switched his attention to the Corporate – commercial world of practice and now heads the Corporate and Commercial Department of the Firm.

Mr. Kibet currently serves as the chairman of the Capital Markets Tribunal in addition to sitting on a number of other Boards.

Mr. Farid Mohamed

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 Bachelor of Science (BSc.), Master of Science (MSc.) and Masters of Business Administration (MBA).

Mr. Biniam Yohannes

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. Skander Khalil Oueslati

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.