By Nicholas Waitathu
Laban Molonko has been appointed the new CEO and Managing Trustee of the Unclaimed Financial Assets Authority (UFAA) on a three-year term.
Molonko takes over from Caroline Chirchir, who has been serving in an acting capacity since August 2024.
UFAA Chairperson Dr. Francis Kigo Njenga says: “The Board is delighted to have Molonko join the Authority and looks forward to working together to deepen the unclaimed financial assets regime in the country, especially the reunification of assets with their rightful owners.”
Dr. Kigo thanked Chirchir for her industrious leadership during the transition and handover period.
Molonko acknowledged that UFAA has already made tremendous strides in establishing a regulatory framework, safeguarding assets, and ensuring rightful owners are reunited with their financial property.
“My vision is to lead an efficient, transparent, and trusted UFAA with a clarity of purpose, teamwork, and accountability,” the new UFAA CEO said.
The incoming CEO has over 20 years of work experience in finance, corporate governance, and strategy, spanning banking, healthcare, manufacturing, and regulatory sectors.
Until his appointment, Molonko was the Chief Finance Officer at Access Bank Kenya, where he led mergers, digital transformation, and growth strategies.