Integrated Report 2020

CIM FINANCIAL SERVICES LTD INTEGRATED REPORT 2020 Directors’ Profiles David Somen holds a Law Degree from Oxford University and an MBA from Harvard Business School. He is the co-founder and Managing Director of Virtual IT Limited, a UK IT managed services provider and is also the co-founder and Chairman of Eldama Technologies Limited, one of Kenya’s leading cloud and IT services providers and a co-founder and director of Serenity Spa, Kenya’s leading spa, wellness and beauty organisation. Prior to Eldama and Virtual IT, David was the co-founder and Executive Deputy Chairman of AccessKenya Group, Kenya’s leading corporate Internet Services Provider which was listed on the Nairobi Stock Exchange and later sold to Dimension Data Group, and the co-founder and CEO of the LCR Telecom Group, which was sold to NASDAQ listed PRIMUS Telecommunications in 2000. He also has several years’ work experience in London and Hong Kong for McKinsey & Co. David is currently the Chairman of Cim Credit Kenya Ltd, Cim’s Kenyan financial services business. He also serves on the board of Finserve Kenya, Equity Bank’s Fintech subsidiary. David is also the Chairman of the Corporate Governance and Conduct Review Committee of CIM Financial Services Ltd. Directorship in other listed companies: none. Denis Motet was appointed as an Independent Director of CIM Financial Services Ltd (‘CFSL’) in July 2020. He was an Independent Director and held the position of Chairman of the Risk Management Committee of Cim Finance Ltd, a wholly owned subsidiary of CFSL for the past two years until its amalgamation with and into CFSL on 1 October 2020. Until his early retirement at the end of 2015, he was the Chief Risk Officer of The Mauritius Commercial Bank Ltd where he was directly responsible for the Credit Management BU, Credit Risk BU, Information Risk Management BU, Market Risk BU, Operational Risk BU, Security BU and Recovery BU. Prior to this, he had worked in various divisions within the MCB namely International, Corporate and Credit Risk as well as in the MCB Group’s overseas banking subsidiaries based in Mozambique and Seychelles. Denis holds a ‘BTS Action Commerciale’ and ‘Diplôme d’Enseignement Supérieur Commercial Administratif et Financier’ (France). He is also the Chairman of the Risk Management Committee of CIM Financial Services Ltd and a member of the Audit and Compliance Committee. Directorship in other listed companies: none. DAVID SOMEN INDEPENDENT DIRECTOR DENIS MOTET INDEPENDENT DIRECTOR 18