Mr. John Ngumi

Chairman, DREAM

John Ngumi has played pivotal roles in developing regional capital markets, in authoring the regulatory frameworks, underpinning these markets, and in persuading governments to regard markets as critical to local resource mobilization and deployment. John’s banking career began in 1980 as a trainee in London’s National Westminster Bank after earning a 1st Class Honors in Philosophy, Politics & Economics from St Peter’s College, Oxford University. In 1999-2000, he served as an inaugural director of the present day Communications Authority, overseeing the creation of Kenya’s present telecommunications landscape. From 2000, he became the Vice president of Citibank after which he co-founded one of Africa’s first locally owned investment banks, the Loita Capital Partners Group. At Loita, he established Loita Asset Management and the Retirement Benefits Authority (RBA). In 2004, he started Standard Bank’s East Africa investment bank from scratch and oversaw its rise to its present No 1 market position in East Africa. His lead role in familiarizing National Treasury officials with international capital markets made Standard Bank a co-lead and arranger for Kenya’s debut USD 600 million syndicated loan in 2012 and the country’s inaugural USD 2 billion Eurobond in 2014. In 2015 he was appointed Chair of Konza Technopolis Development Authority, by former president, Mwai Kibaki to spearhead for Kenya’s bid to becoming Africa’s ‘Silicon Savannah’. He was then appointed by His Excellency President Uhuru Kenyatta as a non-executive Chair of the Kenya Pipeline Company Limited. His singular achievement in co-founding the Kenyan Market Leaders Forum, continues to oversee the Kenyan Treasury Bond issuance programme.