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Government and Policy

Meet David Koros, The Man To Drive NSSF Into The Future Of A Prosperous Kenya

BY Steve Biko Wafula · May 28, 2023 11:05 am

KEY POINTS

Koros is a strong leader with a proven track record of success. He is well-positioned to lead NSSF into the future and ensure that it continues to play a vital role in the Kenyan economy.

KEY TAKEAWAYS

Koros is a passionate advocate for social security. He believes that social security is essential for ensuring the financial security of workers and their families in retirement. He is committed to using his experience and expertise to make NSSF a more efficient and effective organization.

David Koros is the new Managing Trustee of the National Social Security Fund (NSSF) in Kenya. He was appointed on May 27, 2023, after a rigorous selection process. He is the outgoing chief executive at Lapfund which manages retirement funds for all employees of county governments and water companies.

Koros is a seasoned financial professional with over 20 years of experience in the banking and insurance sectors. He is a graduate of the University of Nairobi, where he holds a Bachelor of Commerce degree in Accounting and Finance. He also holds a Master of Business Administration degree from the University of Strathclyde in Scotland.

Koros began his career as an accountant at the Kenya Commercial Bank (KCB). He later worked as a financial analyst at the Kenya Revenue Authority (KRA). In 2005, he joined the insurance industry, where he held various positions at Britam and Old Mutual.

Related Content: Why NSSF Is No Longer Accepting Payments Via Cheques

In 2016, Koros was appointed Managing Director of the Kenya Reinsurance Corporation. In this role, he was responsible for the strategic direction and management of the company. He oversaw a period of significant growth and transformation at Kenya Re, which is now one of the leading reinsurers in Africa.

Koros is a highly respected figure in the financial sector. He is a member of the Institute of Certified Public Accountants of Kenya (ICPAK) and the Kenya Institute of Management (KIM). He is also a Fellow of the Chartered Insurance Institute (CII) in the United Kingdom.

Koros is a passionate advocate for social security. He believes that social security is essential for ensuring the financial security of workers and their families in retirement. He is committed to using his experience and expertise to make NSSF a more efficient and effective organization.

In his new role, Koros will be responsible for overseeing the management of NSSF’s Sh1.8 trillion ($18 billion) fund. He will also be responsible for ensuring that NSSF meets its statutory obligations to its members.

Koros is a strong leader with a proven track record of success. He is well-positioned to lead NSSF into the future and ensure that it continues to play a vital role in the Kenyan economy.

Related Content: Here Is The Easiest Way To Make Your NSSF Contributions

David Koros is a man who believes in family and the inherent values that family is known for. He is married and has two children.

He believes that all work and no play make David a boring boy. He is a keen golfer and enjoys spending time with his family. He is passionate about social justice and believes that everyone deserves a fair chance in life this is why the NSSF board settled on him because he is the right person to ensure that NSSF is an endeared brand to all Kenyans and that each member of the fund is a valued member with equity and equality.

Related Content: NSSF Picks Tito David Koros As New CEO

Steve Biko is the CEO OF Soko Directory and the founder of Hidalgo Group of Companies. Steve is currently developing his career in law, finance, entrepreneurship and digital consultancy; and has been implementing consultancy assignments for client organizations comprising of trainings besides capacity building in entrepreneurial matters. He can be reached on: +254 20 510 1124 or Email: info@sokodirectory.com

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