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Leadership
Board of Directors
Jubilee Holdings Limited (JHL)
Nizar Juma
Chairman
Mr. Juma is a Non-Executive Director and Chairman of Jubilee Holdings Limited and its subsidiaries having been first appointed to the Board in 2004. He is also the regional Chairman of the Industrial Promotion Services group of companies and is a Chairman and Director in various other private entities in the industrial and commercial sectors. Mr. Juma holds a BSc. (Econ) Joint Hons in Economics, Law & Accountancy from the University of Wales – Cardiff. He is a recipient of a number of national awards including the Award of the Silver Star of Kenya by H.E. The President of Kenya for outstanding service to the nation (1982) and was awarded The Lifetime Achievement Award in the 2011 Insurance Industry Awards.
Ashif Kassam
Non-Executive Independent Director
Mr. Kassam was appointed to the Board on 28th March 2019 and is a member of the Board Audit & Compliance Committee. He is a Fellow Member of the Institute of Certified Public Accountants of Kenya (ICPAK) and the Association of Chartered Certified Accountants, UK (ACCA). He is a practising Member of the Institute of Certified Public Accountants of Uganda and a Member of the Chartered Institute of Arbitrators UK. He is also a Member of the National Board of Accountants & Auditors, Tanzania. He is a recipient of the Order of the Grand Warrior (O.G.W.) as well as ACCA Achievement Award in recognition of his contribution to the development of the accountancy profession both locally and globally. He has extensive experience in audit & assurance, tax, transaction & risk advisory and management consulting and is currently the Executive Chairman of RSM Eastern Africa LLP. He also serves on the Boards of JHL’s subsidiaries, The Jubilee Life Insurance Limited and Jubilee Financial Services Limited. Mr. Kassam is a Board Member of the Entrepreneurs Organisation - Kenya and is the Accelerator Chair, a program that supports the development and growth of early stage entrepreneurs.
Zul Abdul
Board Member
Mr. Abdul joined the Board in 2014. He is the CEO, Trans-Orbit Kenya Limited. He has previously held key leadership voluntary positions having served as the President of Aga Khan National Council in Kenya, the Chairman of Aga Khan Education Services, Chairman of the Jubilee Fund Limited, director of Anfield Holdings Ltd, a Property Development company and Executive Director of Wiggins Teape Ltd, an international company manufacturing and trading in paper. Mr. Abdul is the Chairman of the Board Audit & Compliance Committee and is a member the Board Property Committee and Board Nominating & Human Resources Committee. He was appointed the Vice Chairman of the Board on 27 March 2020.
John Metcalf
Mr. Metcalf was appointed to the Board in 2006. He has extensive international experience in the insurance industry and is currently the Head of Insurance for the Aga Khan Fund for Economic Development (AKFED). He is a Director on the Boards of the Company’s insurance subsidiaries. Before joining the Company, he was the Executive Chairman of the Allianz Group Insurance subsidiaries in Egypt. Mr. Metcalf is a Fellow of the Chartered Insurance Institute and holds a BA (Hons) in Banking Insurance & Finance from Sheffield Hallam University. Mr. Metcalf is a member of the Board Finance Committee, Board Audit & Compliance Committee, Board Nominating & HR committee and Board IT Committee.
Lutaf Kassam
Mr. Kassam was appointed to the Board in 2006 and chairs the Board Finance Committee and is a member of the Board Property Committee. Mr. Kassam, a member of the AKFED Executive Committee, is responsible for AKFED’s global portfolio on Industry and Infrastructure. He is also a Director on the Board of Kenya Association of Manufacturers, the East African Business Council (EABC), an advisory Board Member of the Sustainable Energy for All (SE4ALL) initiative under The UN Secretary-General and the World Bank Group, past First Vice Chairman of the Nairobi Stock Exchange (NSE) and a member of the National Economic and Social Council (NESC) in Kenya.
Margaret Kipchumba
Mrs. Kipchumba was appointed Company Secretary of Jubilee Holdings Limited in 2014. She also serves in the same capacity in the insurance and fund management subsidiaries in Kenya and has oversight responsibility for the company secretarial function in the regional subsidiaries. Mrs. Kipchumba is an Advocate of the High Court of Kenya, a Certified Public Secretary and an accredited Governance Auditor. She is a Member of the Law Society of Kenya, the Institute of Certified Public Secretaries of Kenya and the Institute of Directors, Kenya.
Shabir Abji
Mr. Abji joined the Board in 2013 and chairs the Board IT Committee and is also a member of the Board Finance Committee. Mr. Abji is a businessman and assisted in the running of the family business, and in 1984 set up the company operations in Uganda. As the Group Director, he was instrumental in setting up Uganda Oxygen, Twiga Chemical Industries Uganda, Service and Computer Industries Uganda (Formerly NCR) and American Communication and Technologies. Mr Abji has served as the Chairman of Aga Khan Health Services, Tanzania, a Councilor of the Confederation of Tanzania Industries and currently is the Chairman of Dar es Salaam Tourism Executive Board. He is also the Chairman of the Tanzania Asian Development Association (in formation) and has been involved in fund raising activities for various causes and is a member of the FAO sponsored Telefood Committee.
Juma Kisaame
Mr. Kisaame was appointed to the Board in 2016 and is a member of the Board Audit & Compliance Committee and the Board IT Committee. He is the former Managing Director of DFCU Bank Uganda and has over 20 years’ experience in the financial sector and is currently the Chairman of the Uganda Revenue Authority. Mr. Kisaame holds a Bachelors of Commerce degree majoring in Accounting from Makerere University and is an Alumni of the Advanced Management program at INSEAD, France. He has been a Chairman of Uganda Investment Authority.
Sultan Allana
Mr. Sultan Ali Allana is a Director of the Aga Khan Fund for Economic Development (AKFED) and has the oversight responsibilities for AKFED’s investments in Banking, Insurance and Aviation. Mr. Allana is a career banking professional with over 33 years of experience in retail, corporate and investment banking. Mr. Allana joined the Board in 2006.
Jane Mwangi
Mrs. Mwangi joined the Board in 2014 and chairs the Board Nominating & Remuneration Committee. She is the Managing Partner at Robson Harris & Co. Advocates and has previously worked at the Central Bank of Kenya, Deposit Protection Fund Board and the United Nations, Department of Oversight Services (OIOS). She is an Advocate of the High Court of Kenya with over 20 years’ experience, a Notary Public, a Commissioner for Oaths and a member of the Chartered Institute of Arbitrators. She is an accredited Governance Auditor and a Certified Public Secretary. She holds a Master Degree in Business Law from the University of Nairobi and University of Hull, UK.
Jubilee Life Insurance Limited (JLIL)
Grace Jethro Kavuma
Mr. Kavuma is a seasoned accountant with vast experience having worked in Uganda, Kenya, Rwanda, Tanzania, West Africa and the UK. He was appointed to the Board in 2018. He holds a degree in Bachelor of Commerce (Accounting) from Makerere University and a Masters in Finance from Washington International University. Mr. Kavuma has worked in various sectors including Oil & Gas, Banking and Audit. He is also a board member in a number of institutions in Uganda. Mr. Kavuma is the Chairman of the Board Audit and Compliance Committee.
Board Chairman
Mr. Metcalf was appointed to the Board in 2014 upon composite split hence establishment of Jubilee Life Company. He has extensive international experience in the insurance industry and is currently the Head of Insurance for the Aga Khan Fund for Economic Development (AKFED). He is a board member of the Holding Company as well as subsidiary companies. Before joining the Group, he was the Executive Chairman of the Allianz Group Insurance subsidiaries in Egypt. Mr. Metcalf is a Fellow of the Chartered Insurance Institute and holds a BA (Hons) in Banking Insurance & Finance from Sheffield Hallam University. Mr. Metcalf is also the Chairman of the Board Finance and Investment Committee.
Shaherose Jamal
Ms Shaherose is a lawyer by profession and joined the board in 2014. She has extensive experience in legal practice having practiced in the UK. Ms Shaherose has a degree in Law from the College of Law in Guildford and was admitted as a solicitor in London in 1994. Her key areas of expertise include property, Banking, Litigation, Contracts, Employment and Company Law. Ms Shaherose has also been a volunteer in the Legal Committee of Ismaili Community and has served in various Institutional and Religious Committees on voluntary Basis.
Azim Dawood
Mr. Dawood joined the board at the Company formation in 2014. He is currently the Jubilee Holding’s Group Chief Risk Officer in charge of Actuarial, Risk and Compliance functions. Prior to this he held other positions including Group Actuary, Group Head of Life Business and CEO of Jubilee Insurance Company, Mauritius. Mr. Dawood is also a board member in the Life companies in the Group. He is an Associate of the Society of Actuaries, USA and holds a degree in BSc Economics and Mathematics from University of Toronto, CANADA.
Management Team
Jubilee Life Insurance Management Team
Sumit Kumar Gaurav
CEO
Sumit Kumar has more than 20 years of management experience in life insurance covering strategy development & execution, risk management, reinsurance management, product design and channels management. His experience is drawn from various jurisdictions including Uganda, Tanzania, India, US and UK. Sumit holds a degree in Economics from University of Delhi and is a Fellow of the Risk Management Association of India. He also holds a number of post graduate diplomas in the fields of Risk Management, Life Insurance, Insurance Management, Business Management and Financial & Capital Markets.
Kalungi Kennedy
CFO
Kennedy Kalungi is a chartered accountant, a member of the Institute of Certified Accountant of Uganda (ICPAU) and a Fellow of Certified Chartered Accountants (FCCA), UK. He has over 13 years of experience working in various capacities as external auditor, internal auditor, and head of finance. He has expertise in various fields of finance and accounting including financial reporting, budgeting, auditing, internal controls, performance monitoring and investments.
Patrick Kinoti Kimathi
COO
Patrick Kimathi has over 20 years of experience in life insurance in Uganda and Kenyan market. He has risen through ranks hence possess expertise in agency administration, bancassurance, broker relations, underwriting, claims, reinsurance and product design. Patrick is a Chartered Insurer and Associate of CII London and holds a degree in Bachelor of Commerce (Insurance Option) from University of Nairobi.
Sharon Lanyero
Risk and Compliance Manager
Sharon is an Advocate of the High Court and a member of the Uganda Law Society and the East African Law Society. She has experience in commercial law majoring in the field of insurance, Banking, finance and taxation. She holds a Bachelor degree of Laws from Makerere University and Post Graduate Diploma in Legal Practice from the Law Development Centre. Sharon also holds a post graduate diploma in Taxation and Revenue Administration from the East African School of Taxation.
Jubilee Health Insurance Limited (JHIL)
Self Service
Uganda
