Africa Leaders Magazine

NASIM DEVJI – Group CEO and Managing Director of Diamond Trust Bank (DTB)

Nasim Devji is the Group Chief Executive Officer and Managing Director of Diamond Trust Bank (DTB). She boasts over 25 years of experience working in the financial sector and growing a bank to regional heights.

Nasim has been recognised for her outstanding leadership and capability; she has been ranked among the leading CEOs in Kenya. Her success in the corporate world inspires many youths looking to make it in that world.

NASIM DEVJI - Group CEO and Managing Director of Diamond Trust Bank (DTB) - African Leaders Magazine

Background & Education

Nasim attended high school in neighbouring Tanzania and went abroad for her tertiary education in 1971.

She is a Fellow of the Institute of Chartered Accountants of England and Wales, a Fellow of the Kenya Institute of Bankers, a Fellow of the Institute of Directors (Kenya) and an Associate of the Institute of Taxation (United Kingdom).

Career

Between 1977 and 1979, Nasim served as the Audit Supervisor at Touche Ross & Company (now known as Deloitte Touche & Company) in London, UK. She then proceeded to work as a Group Tax Manager at Imperial Continental Gas Association in London. She held the job for 8 years until 1987.

For two years between 198 and 1990, she worked as a Financial Controller Resource Co-ordinator at Aga Khan Foundation (U.K). She then worked for Agip (U.K) Limited as a Tax Advisor between 1990 and 1996.

Nasim returned to Kenya in 1996 and joined the DTB Group as General Manager – Regional Finance Administration. She held the role from 1997 to 2001 when she was appointed Group CEO of DTB in East Africa.

She is a Director of DTB Tanzania, DTB Uganda, DTB Burundi, Jubilee Insurance Burundi and Diamond Trust Bancassurance Intermediary Agency Limited.

She has previously served on the Board of the Nairobi Securities Exchange Limited and as a member of the Kenya Deposit Insurance Corporation.

As of March 2019, Nasim Devji was one of five women who serve as chief executive officers at Kenyan commercial banks.

NASIM DEVJI - Group CEO and Managing Director of Diamond Trust Bank (DTB) - African Leaders Magazine

DTB has over one hundred and thirty branches in Kenya, Tanzania, Uganda, and Burundi, some of which are 24/7 digital branches.

Devji notes that DTB’s continued expansion in Kenya illustrates the company’s confidence in the country’s economy.

The Nairobi-based lender announced plans to open 17 new branches by the end of the year as part of its latest expansion drive to deliver increased value through its operations.

The strategic expansion drive, which will supplement the group’s business growth strategy as a relevant and premier financial institution in East Africa, is perfectly aligned with its efforts to deepen its market presence in fast-growing regions and create increased value through its assets as it looks ahead to 2022 and beyond.

The addition of the 17 branches as part of DTB’s latest expansion drive will increase the bank’s branch network in Kenya from 63 to 81, while its total branch network across East Africa will increase from 129 to 146.

In the midst of customers’ rapid adoption of online banking services and products, Devji, a leading businesswoman and DTB group CEO, stated that the bank’s decision to continue expanding its branch network demonstrates the lender’s confidence in the Kenyan economy.

“As DTB, we remain optimistic about Kenya’s economic recovery. We are therefore making strides to be closer to our customers to support them to attain their personal and business goals,” she explained.

Linus Gitahi, chairperson of DTB, stated that the latest move demonstrates DTB’s commitment to expanding its presence in the region in line with its growth strategy.

“The investments we are making are not only a sign of the bank’s financial strength but also a sign of our commitment to creating more convenience for our customers. As a tier-one bank, we are keen on increasing our market presence as this underpins our growth strategy,” he said.

DTB Group is a leading East African lender with operations in Kenya, Burundi, Tanzania, and Uganda. It provides retail and commercial banking services to both individuals and businesses.

NASIM DEVJI - Group CEO and Managing Director of Diamond Trust Bank (DTB) - African Leaders Magazine

Under the leadership of Devji, who has been at the helm of the group since 2001, the banking group, which is rated as one of Kenya’s tier-1 banks alongside KCB, Equity, Co-operative Bank, Stanbic, Absa, and Standard Chartered Bank, has grown into a leading lender in East Africa.

DTB has grown into a financial services industry leader under Devji, with total assets in excess of Ksh455 billion ($3.8 billion).

The bank, which has been in operation for more than 75 years, has 570,867 customers, 352,816 mobile banking customers, and a branch network of 129 branches spread across Kenya (63), Tanzania (28), Uganda (34), and Burundi (4).

 

 

source: whoownskenya.com / billonairesafrica.com

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