UAPH PLC BoD Subsidiary Boards

A wealth of experience to guide our business

  • Vincent Vincent Rague Chairman

    Vincent RagueChairman

    MBA, Darden Business School University of Virginia BA (Hons) Economics, Statistics and Government, The University of Nairobi


    Date of Birth: 1953

    Date of Appointment

    I June 2018

    Vincent is a co-founder of Catalyst Principal Partners, a Nairobi based private equity fund Manager. He has over 25 years’ experience in investments, banking corporate finance and policy advisory work having worked at the National Treasury, the International Finance Corporation (IFC) and the World Bank. He also serves as a non-executive director and chairman on several corporate boards. 

    Other Directorships

    Jambo Jet

    City Lodge

    Pan African Infrastructure Fund (PAIDF)


  • Mike Mike Harper Independent Non-Executive Director

    Mike HarperIndependent Non-Executive Director

    MBA, University of Cape Town, Certified Financial Planner, University of Free State, Bsc. Actuarial Science major, University of Cape Town, Advanced Management Program, Harvard Business School


    Date of Birth: 1955

    Date of Appointment

    29 June 2015

    Professional Qualification

    IOD, Institute of Directors

    Mike has previously served on the Boards of Old Mutual Unit Trust, Old Mutual Investment Group, Old Mutual International and the Council of the Botanical Society of South Africa.

    Having worked in the Old Mutual Group since 1979, Mike was appointed chairman of Mutual & Federal in May 2012.

    Over the years, Mike has served in several executive positions including Strategy Director for Old Mutual Emerging Markets, leading strategic work across Asia, Latin America, South Africa and Africa markets. He also served as Distribution Executive on the OM Group Long Term Savings executive in London.

  • James James Muguiyi Non-Executive Director

    James MuguiyiNon-Executive Director

    Fellow of the Institute of Certified Public Accountants of Kenya (FCPA (K))


    Date of Birth: 1943

    Date of Appointment

    8 November 2007

    Professional Qualifications

    Fellow of the Institute of Certified Public Accountants of Kenya (FCPA (K)) 

    Between 1988 and 2001, Mr. Muguiyi was the Deputy Managing Director at UAP Holdings. During this time, he oversaw the merger of Provincial Insurance with Union Insurance to form UAP Provisional Insurance in 1994. Mr. Muguiyi later rose to serve as Group Managing Director for UAP Holdings.

    During this period, he oversaw the growth of the Group’s business in Kenya, and the expansion into the neighbouring Uganda in 2004 and South Sudan in 2006.

    In 2008, under Mr. Muguiyi, the group restructured and he also oversaw the demerger of Life Insurance Business from General Insurance Business in Kenya.

    Other Directorships

    UAP Insurance Company Limited

    UAP Insurance Uganda Limited

    UAP Insurance Tanzania Limited

    UAP Insurance Sudan Limited

    UAP Africa Limited

    UAP Global Services Limited

    Aimsoft Kenya Limited


  • Susan Susan Omanga Independent Non-Executive Director

    Susan OmangaIndependent Non-Executive Director

    Bachelor of science in Business Management with minor in Advertising, Rocky Mountain College, Montana, Associate of Business Management, North West Community College, USA


    Date of Birth: 1960

    Date of Appointment

    19 August 2015

    Professional Qualifications

    International Advertising Association (IAA),

    Member - Marketing Society of Kenya (MSK),

    Member - Public Relations Society of Kenya (PRSK),

    Member Association of PR and Communications APReCom,

    Bel Africa Club

    Susan is the CEO and founder of Exclamation Marketing Ltd. She previously served in senior marketing positions at Colgate Palmolive, Boots Kenya, Barclays Bank, and Standard Chartered. From 2004 -2012 she served as a non-executive Director in the Group Board of KCB where she was also Chairman of KCB Foundation, Director S & L Mortgages for 2 years and Director KCB Uganda for 4 years.

    Susan sits on the Board of Longhorn Publishers, UBA and Kenya Tea Packers Limited (KETEPA). She is also an advisory board Member at Acumen East Africa,  and a Board of Trustee at The President’s Award. She has  membership at the Marketing Society of Kenya, the Public Relations Society of Kenya (PRSK) and the International Advertising Association (IAA). Susan is the Honorary Consul for Jamaica in the Republic of Kenya.

    Other Directorships

    Longhorn Publishers

    Kenya Tea Packers Limited (KETEPA)

    University of Nairobi Green Horn Mentorship Programme

  • Robert Robert Mbugua Independent Non-Executive Director

    Robert Mbugua Independent Non-Executive Director

    MBA Bond University Graduate School of Business


    Date of Birth: 1967

    Date of Appointment

    1 July 2017

    Professional Qualifications

    CPA (K)

    Robert started his career at PricewaterhouseCoopers (PwC) in Kenya in 1989 and rose through the ranks. In June 2001, he was admitted to the position of Partner in the Johannesburg office of PwC where he served until the year 2003.

    Robert joined Standard Bank’s Africa business in 2003 and during his eight year tenure with the bank, served in various Executive director positions including Regional Managing director responsible for a number of African countries.

    Robert joined the board with effect from July 2017. He is a qualified accountant and also chairs the Board of BOC Gases Plc.

    Other Directorships

    Old Mutual Holdings, Kenya

    Old Mutual Life Assurance Company, Kenya

    BOC (K) Ltd

    Fleet Africa Group

  • George George Maina Non-Executive Director

    George MainaNon-Executive Director

    B.Tech (Hons) Aeronautical Engineering and Design, Loughborough University of Technology.


    Date of Birth: 1952

    Date of Appointment

    5 May 2017

    Professional Qualifications

    Management Consultant

    George began his career in Aeronautical Engineering and went on to serve in the capacity of Deputy Managing Director and Marketing Manager for the Shell Company in the Jamaica, Ghana and East Africa Markets. Through this experience, George gained expertise in various sectors including: Strategy development and implementation, Governance, Organization development/ re-engineering and capacity building, Change Management, Risk Management, Finance and Investment Management, Mergers, Acquisitions and Exits, as well as Investment banking. 

    He joined the UAP Holdings Board in May 2017, through Faulu Microfinance bank where he has served the microfinance business since 2010 and was instrumental in leading the restructuring and divestiture of the bank.

    George has held directorships in various Shell Group of Companies covering marketing, manufacturing and refining companies. He is currently a director in various companies in the Financial Service sector. He is also a member of Remuneration and Nomination committee, credit committee and strategy committee at Faulu Microfinance Bank.

    Other Directorships

    Faulu Microfinance Bank Limited

    Faulu MFB Insurance Agency Ltd

    BAT (Kenya) Ltd

    NIC Bank Limited

    Starehe Boys Centre

    Afrika Investment Bank Ltd

  • Richard Richard Treagus Non-Executive Director

    Richard Treagus Non-Executive Director

    Bachelor of Science (Actuarial) from the University of Cape Town and is a Fellow of the Institute of Actuaries


    Date of Birth: 1966

    Date of Appointment

    13th November 2019

    Richard joined the Old Mutual Group in 1989 and has served the Old Mutual business in many different roles. He worked in Product Development as a junior actuary followed by a short secondment to a Reinsurance company in the UK. Since then, he has held positions in Old Mutual as: Finance Actuary for the Individual Life Division, Group Assurance Executive, General Manager of Product Development and General Manager of Savings Solutions. He is the Chief Risk Officer and the acting Director for Governance, Regulatory & Corporate Affairs.


  • Clement Mr Clement Chinaka Non-Executive Director

    Mr Clement ChinakaNon-Executive Director

    Bachelor of Science (Computer Science and Statistics) degree from the University of Zimbabwe


    Year of Birth: 1970

    Date of Appointment

    4th March 2020

    Professional Qualifications

    Fellow of the Faculty of Actuaries, FFA,

    Advanced Management Programme (Harvard University).

    Clement currently serves as the Old Mutual Managing Director – Rest of Africa having joined the Old Mutual Group in 1992. He has worked for the Group for the last 28 years in various roles including Head of Corporate Segment at Old Mutual South Africa, Chief Actuary and General Manager of Actuarial at Old Mutual Life Assurance Company of Zimbabwe, head of Channel Finance and Strategy Executive for OMLACSA’s Retail Affluent segment, head of Emerging Markets Group Planning and Business Insights at Group Finance and General Manager of Finance and Strategy of Old Mutual Corporate.



  • Shailesh Shailesh Devchand Non-Executive Director

    Shailesh DevchandNon-Executive Director

    Bachelor of Science Degree majoring in Actuarial Science and Mathematical Statistics from the University of Witwatersrand and qualified as a Fellow of the Institute of Actuaries in 1998


    Date of Birth: 1972

    Date of Appointment

    13th November 2019

    Shailesh has over 25 years’ working experience in the insurance and financial services sector where he gained a wealth of experience in the general and life insurance segments, covering distribution channel development, product development, mergers and acquisitions and strategy implementation amongst many others.

    He has served in various leadership capacities including Director of Asian Markets and Director of Strategic Partnerships at Old Mutual as well as having served as Non-Executive Director on several joint venture subsidiaries. He currently serves as the Customer Solutions General Manager: Income and Guaranteed Solutions at Old Mutual.


  • Maria Maria Kagai Shipiri Independent Non-Executive Director

    Maria Kagai ShipiriIndependent Non-Executive Director

    Masters graduate from the HEC Paris/University of Oxford and Bachelor of Education degree from Kenyatta University.


    Date of Birth: 1972

    Date of Appointment 

    19th May 2020.

    Professional Qualifications

    She is a qualified Executive Coach from the Academy of Executive Coaching (UK) and possesses a Higher Diploma in HR Management. 

    Maria brings a wealth of global experience in people and culture having served in various industries; telecommunications, banking, pharmaceuticals, FMCGs and the development world.  She is currently a Consultant in Organization Design and Change at the Mastercard Foundation and has served in various senior roles across Africa and Europe. She was most recently the Chief People & Culture Officer at Living Goods, a Global Community health organization, and Consultant, Organizational Effectiveness for the African Development Bank in Cote d’Ivoire. 

    Her previous experience includes: Director, HR for Safaricom, Head of HR for Vodafone Group’s Enterprise function in the UK, working out of Togo and Morocco for Ecobank Groupe, heading up HR for Africa for Novartis based out of Switzerland, HR Business partner for Coca-Cola East & Central Africa, HR Head for Mumias Sugar and other roles in the development world. 

    Other Directorships

    Octagon Africa Financial Services Limited

    Living Goods Limited.

  • Arthur Arthur Oginga Group Chief Executive Officer

    Arthur OgingaGroup Chief Executive Officer

  • Catherine Dr Catherine Adeya Independent non-Executive Director

    Dr Catherine AdeyaIndependent non-Executive Director

    Doctor of Philosophy in Information and Development and a Master of Philosophy in Electronic Publishing and Information Development from Edinburgh Napier University, Scotland, United Kingdom


    Date of Birth:

    16 November 1968

    Date of appointment to the Board:

    10 December 2020


    Catherine is a results-driven and seasoned Information Scientist with over 20 years’ experience in multidisciplinary global environments, both in the public and private sector. She is an expert in bilateral and multilateral agency operations with consolidated expertise and excellent skills in research, project planning and execution, finance management and policy development. She is a strategic thinker with vast global exposure in the UK, the Netherlands, USA and sub-Sahara Africa. She has held senior roles in global organizations currently as the Director of Research at the World Wide Web Foundation, USA (based in Kenya). She has worked at the United Nations University/Institute of New Technologies in the Netherlands; as a Director at the Ministry of Information Communications and Technology in Kenya; and was the founder CEO of Konza Technology City. 

    Her experience in Information Sciences also includes senior consultant at @iLabAfrica, and a chairperson of the Kenya Government Taskforce on the Migration from Analogue to Digital Broadcasting. 

    Other directorships:

    • Standard Chartered Bank Kenya Limited,
    • Adrian Kenya Limited
    • East Africa Educational Publishers.
Fund Prices
Old Mutual Money Market Fund Daily Yield : 7.09%  Annual Rate: 7.33%
Old Mutual Equity Fund Buying Price: 388.75  Selling Price: 388.75
Old Mutual Balanced Fund/Toboa Buying Price: 146.02  Selling Price: 146.02
Old Mutual Bond Fund Buying Price: 100.17  Selling Price: 100.17

Fund Prices

Fund Prices at 26th October 2021

Fund Name Currency Daily Yield Effective Annual Rate
Old Mutual Money Market Fund Kenya Shillings 7.09% 7.33%
Fund Name Currency Buying Price Selling Price
Old Mutual Equity Fund Kenya Shilling 388.75 388.75
Old Mutual Balanced Fund/Toboa Kenya Shillings 146.02 146.02
Old Mutual Bond Fund Kenya Shillings 100.17 100.17

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