Hellen Chepchumba Chepkwony has been appointed the Chief Executive Officer of the Kenya Deposit Insurance Corporation (KDIC) for a period of three years.
The Corporation is the country’s resolution authority for banks, mandated to promptly resolve problem banks, provide deposit insurance for customers of member institutions and generally ensure financial stability in the banking sector. KDIC protects depositors of banks which are licensed and regulated by CBK.
According to KDCI, she has been instrumental in contributing to the Financial Sector Assessment Program with the International Monetary Fund, formulation of key frameworks that saw among others, KDIC’s transition into a fully-fledged State Corporation and deposit insurer, resolution of problem banks as well as the upward review of the Corporation’s coverage limit of Ksh500,000.
Mrs. Chepkwony begun her career at the then Ministry of Finance as an Economist in July 1993, now The National Treasury and Economic Planning, and has served in various capacities including her latest posting at the Central Bank of Kenya, prior to her appointment as KDIC’s acting Chief Executive Officer.
She takes over the leadership of the institution from long-serving CEO Mr. Mohamud Ahmed Mohamud who exited the Corporation in February 2023.
She holds M.A and B.A degrees in Economics, both from the University of Nairobi and is a member of the Institute of Risk Management. She studied at Kapsabet Girls High School between 1986 and 1988.
