MICHAEL MITAU MUSYOKA
Certified Independent Trustee
NAIROBI
Summary
Experienced professional with a strong background in trusteeship, consulting, and management, seeking to serve as an independent trustee in a forward-looking retirement benefits scheme. Committed to making a direct and impactful contribution by leveraging skills, knowledge, and experience to drive exemplary results for scheme members. Known for operational excellence, team leadership, and strategic planning to drive performance and enhance good governance. Emphasising collaboration and adaptability to meet organisational goals through problem-solving and decision-making abilities.
Overview
17
17
years of professional experience
7
7
years of post-secondary education
2
2
Languages
Work History
General Manager
Equity Life Assurance (Kenya) Ltd
09.2023 - Current
- Leadership of the commercial team.
- Relationship management of the pensions client book.
- Onboarded over 150 employers of institutions that had no retirement benefits plan into the Equity Umbrella Fund (Pension Section) for saving of NSSF Tier II in the space of 8 months in 2024.
- Assisted various employees of present employer to consolidate their retirement benefits into the Equity Individual Savings Plan and helped to grow the portfolio of assets under management to KES 300 Mn.
- Currently engaged in designing the first end-to-end post-retirement medical solution for KenGen Staff Retirement Benefits scheme that will incorporate the provision of health insurance, care management and a proposed investment plan for members’ savings.
Executive Director
Liaison Financial Services (K) Ltd
01.2017 - 11.2023
- Champion the financial services agenda within the larger Group.
- Ensure compliance of regional entities to their respective jurisdictional requirements.
- Oversee the recruitment and restructuring of the resource persons in the region.
- Lead in the launch of new business lines in the region.
- Reporting to the Board of Directors on overall financial services business.
- Commit the company in procurement and other statutory functions.
- Rolled out ERP system for administration, finance and investment management for Nairobi, Uganda and Rwanda offices.
- Launched the first umbrella retirement benefits scheme in Rwanda (labelled Ituze).
Group Head of Pensions
Liaison Financial Services (K) Ltd
01.2017 - 08.2023
- Supervision of the Group’s businesses in Kenya, Uganda, Rwanda.
- Development of business opportunities within the region.
- Restructuring the pensions administration business.
- Resourcing the business with new management and staff.
- Spearheading pensions thought leadership on behalf of the Group.
- In charge of the annual production budget in the pensions business (USD 1M in 2022).
- Promoting the integration of the Group’s service offering.
- Representing the organisation in stakeholders’ forums.
- Ingrained business development as a core operational function.
- Established the first umbrella scheme that had an embedded post-retirement medical scheme (labelled SULUHU).
Manager – Consulting (Pensions)
Liaison Financial Services (K) Ltd
03.2009 - 12.2016
- Managing relationships with Trustees.
- Recruiting and training of new staff.
- Generating work and year plans for clients.
- Redesigning the value proposition of the consulting business.
- Oversight of service level agreements.
- Formulating new income streams.
- Expanding service offering and value addition.
- Established consistent client engagement forums locally and internationally.
- Pioneered members’ ability to access their pension information online.
Assistant Consultant
Liaison Financial Services (K) Ltd
08.2008 - 02.2009
- Client consulting on regulatory requirements.
- Arranging for and attending Trustees meetings.
- Compliance management with regulators.
- Conducting members’ education.
- Preparation of administration reports.
- Minute-taking and keeping.
- Benefits processing.
- Handling client queries.
- Stabilised the company’s relationship with Trustees and members.
- Registered the first shariah compliant retirement benefits scheme in Kenya.
Education
Bsc. - Actuarial Science
University of Nairobi
01.2003 - 01.2007
Kenya Certificate of Secondary Education - undefined
Starehe Boys’ Centre
01.1998 - 01.2001
Skills
- In-depth knowledge of regulatory framework of retirement benefits industry
- Proficient in functions of service providers and obligations to retirement benefits schemes
- Ability to organise functions, programmes and activities for compliance
- Detailed understanding of roles and responsibilities of Trustees
- Excellent team building skills
- Ability to adapt to client requirements
- Good communication and literacy skills
- Ability to generate actionable and detailed output
- Managerial skills for organisational growth and revenue projections
- Ability to oversee the operations of a retirement benefits scheme as a Trustee for Umbrella, Individual and Occupational arrangements
Interests
Pensions trainer
Reading
Pastoral work
Listening to music
Industry Contributions
- Took part in the development of Good Governance Guidelines; Post-Retirement Medical Schemes Guidelines; Treating Customers Fairly Guidelines; Trustees Remuneration and Scheme Expenses Guidelines (partially; all under the auspices of the Retirement Benefits Authority as a stakeholder representing registered retirement benefits schemes’ Administrators in Kenya.
- Took part in the review and implementation of the revised Trustees Development Programme (K) as – A trained trainer-of-trainers; A facilitator of the modules covering fundamentals of retirement benefits schemes, good governance practices, investment & funding, and administration & oversight.
- Member of the Association of Pension Trustees and Administrators of Kenya (APTAK) and a member of its Programmes & Partnerships Committee.
- Member of the Association of Kenya Insurers (AKI) Retirement Benefits (Pensions) Technical Committee.
Conference Speaker
- Liaison Group Trustees Management Forum held in Dubai (2018).
- Intellect Advantage Conference in Alternative Investments held in Mombasa (2019).
- Intellect Advantage Conference on Good Governance held virtually (2020).
- Liaison Group Trustees Management Forum held in Mombasa (2021)
Home County
KITUI
Residence County
MACHAKOS
Personal Information
- Date of Birth: 08/19/83
- Gender: MALE
- Nationality: KENYAN
Personal Development
- Certified as a Bullet-Proof Manager (Strategic Leadership) by Crestcom Raiser Resource Group.
- Certified as a Pensions Trustee by Humber College and the Retirement Benefits Authority.
- Certified as a trained Director by the Centre for Corporate Governance.
- Certified as a Pensions Administrator by University of Nairobi Enterprise Services and the Retirement Benefits Authority.
Accomplishments
- Innovation - Registered the first umbrella retirement benefits scheme in Kenya that embedded post-retirement benefits solution in it (Suluhu Umbrella Fund)
- Business Development - Registered the first shariah-compliant retirement benefits scheme in Kenya (Gulf African Bank Staff Retirement Benefits Scheme)
- Achieved increased member engagement by introducing an online members' portal for general queries, awareness and retirement planning.
Timeline
General Manager
Equity Life Assurance (Kenya) Ltd
09.2023 - Current
Executive Director
Liaison Financial Services (K) Ltd
01.2017 - 11.2023
Group Head of Pensions
Liaison Financial Services (K) Ltd
01.2017 - 08.2023
Manager – Consulting (Pensions)
Liaison Financial Services (K) Ltd
03.2009 - 12.2016
Assistant Consultant
Liaison Financial Services (K) Ltd
08.2008 - 02.2009
Bsc. - Actuarial Science
University of Nairobi
01.2003 - 01.2007
Kenya Certificate of Secondary Education - undefined
Starehe Boys’ Centre
01.1998 - 01.2001
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