CFSL Integrated Report 2021

24 C I M F I N A N C I A L S E R V I C E S L T D Directors’ Profiles D I R E C T O R S ’ P R O F I L E S DAVID SOMEN Independent Director David Somen holds a LawDegree fromOxfordUniversity and an MBA from Harvard Business School. He is the co-founder and Managing Director of Virtual IT Limited, a UK-based IT managed services provider. He is also the co-founder and Chairperson 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 Chairperson 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, as well as 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 of experience working for McKinsey & Co in London and Hong Kong. David is currently the Chairperson of Cim Credit Kenya Ltd, Cim’s Kenyan financial services business. David is also the Chairperson of the Corporate Governance and Conduct Review Committee of CIM Financial Services Ltd. Directorship in other listed companies: none. DENIS MOTET Independent Director Denis Motet was appointed as an Independent Director of CIM Financial Services Ltd (‘CFSL’) in July 2020. He held the position of Chairperson of the Risk Management Committee of Cim Finance Ltd, a wholly owned subsidiary of CFSL, for two years until its amalgamation with and into CFSL on 1 October 2020. Until his early retirement at the end of 2015, he served as the Chief Risk Officer of The Mauritius Commercial Bank Ltd, where he was directly responsible for segments like Credit Management, Credit Risk, Information Risk Management, Market Risk, Operational Risk, Security and Recovery. Prior to this, he worked in various divisions within MCB Group, namely International, Corporate and Credit Risk, as well as in its overseas banking subsidiaries based in Mozambique and Seychelles. Denis holds a ‘BTS Action Commerciale’ and a ‘Diplôme d’Enseignement Supérieur Commercial Administratif et Financier’ (France). He is also the Chairperson of the Group’s Risk Management Committee and a member of the Audit and Compliance Committee. Directorship in other listed companies: none.

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