Spire Bank, a subsidiary of Mwalimu National Sacco has announced the appointment of Fredrick Omondi Nyasaka as the new Head of Finance and Administration.
Nyasaka’s employment with Spire Bank commenced on 1st March 2021 and he will play a key role in steering the Finance department towards the attainment of the Bank’s financial goals, as well as steer the overall achievement of the Bank’s Strategy.
Nyasaka has over 18 years of experience in the banking sector having worked both in the Internal Audit and Finance departments. Before joining the Bank, he worked at Bank of Africa as the Head of Finance and Head of Internal Audit and served at KCB Bank as the Head of Financial Reporting. Nyasaka held various positions at Equity Bank such as General Manager-Finance, Assistant General Manager-Internal Audit and Manager Internal Audit. He has also worked as an Internal Auditor at NCBA Bank and Sidian Bank.
“Nyasaka comes at a time when the Bank is at its recovery phase. We believe his extensive background in banking and strong leadership experience will be of great importance as we embark on our five-year recovery phase to return the bank into profitability,” said Brian Kilonzo, Acting Managing Director.
“I am excited to be joining the Spire Bank team which has a long history that dates as far back as 1983. As the industry evolves, more so with the new developments brought about by the Covid-19 Pandemic, I believe with the leadership team that I’ll be part of and the new business model that the bank has set out in its recovery phase, will propel it to a top tier bank in the coming years,” Said Fredrick Nyasaka, Incoming Head of Finance and Administration.
Nyasaka holds a Masters of Business Administration, Finance from USIU, a Bachelor of Business Administration, Accounting from Maseno University and he is a Certified Public Accountant (CPA-K) and Certified Internal Auditor (CIA).