Ruth Zaipuna

Chief Executive Officer (CEO) of NMB Bank Plc

Ruth is currently the Chief Executive Officer (CEO) of NMB Bank Plc – Tanzania’s most profitable lender – responsible for driving the Bank’s corporate strategy to deliver sustainable business growth.

She started her career in 2002 at PricewaterhouseCoopers (PwC) where for a decade she specialized in the audit of banks and other financial institutions. At PwC, Ruth rose through the ranks to the level of Associate Director. Ruth demonstrated great professionalism and technical ability and was therefore entrusted to lead on some of the firm’s most complex assignments.

 

Ruth left the firm in August 2011, to take up the position of Executive Director Finance and Chief Financial Officer at Standard Chartered Bank. In July 2017, Ruth took on additional responsibilities combining her role in Tanzania with that of Business Finance Lead for the East African cluster, overseeing and leading the Bank’s business finance activities in Tanzania, Kenya and Uganda.

 

Ruth joined NMB Bank from Standard Chartered Bank as Chief Financial Officer in June 2018. She was appointed to act in the CEO role in October 2019 and ultimately confirmed in the position on August 2020.

 

Besides her current role, Ruth is also an Independent Non-Executive Director for Tanzania Portland Cement Company Limited (TPCC), the leading cement producing company in Tanzania which is listed on the Dar es Salaam Stock Exchange.

Ruth is an Associate Certified Public Accountant (ACPA (T)). She holds a Masters of Business Administration (MBA) in Finance and a Bachelor of Commerce (B.Com) degree in Accounting both from the University of Dar es Salaam.

© 2020 by Kenya Bankers Association

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