DFCU finally replaces departed board member
Friedrich Christian Pelser has been appointed to the board of DFCU after the resignation of Deepak Malik in September.
The bank had initially downplayed Malik's resignation but the appointment of Pelser confirms that there was a void to be filled.
In a statement Arise B.V, the leading shareholders in DFCU, noted that Pelser is a Chartered Accountant with 16 years’ work experience and is currently working as a Senior Investment Manager, with Arise B.V.
"He has extensive experience in investment banking and private equity which he brings to the Board. His appointment demonstrates the commitment of Arise BV in continued influence on the board," noted part of the statement.
Malik’s resignation as a non-executive director meant that the Dfcu board was left with five other non-executive directors led by Elly Karuhanga as Chairman.
Others directors who Pelser now joins are; Albert Jonkergouw, Winifred Tarinyeba- Kiryabwire, Frederick Kironde Lule and Michael Alan Turner.
Arise B.V. has majority stake of over 50 per cent in Dfcu Limited, the holding company of Dfcu Bank after lending US $50 million in February 2017.
The Group also has 12 per cent stake in Equity Group Holdings, the parent company of Kenya’s Equity Bank and like in Dfcu, it is the largest single shareholder. But also the groups have a stake as second majority shareholders in NMBZ Holdings Limited that runs National Merchant Bank of Zimbabwe.
