Home ECONOMY Diamond Trust Bank Adds Anti-Money Laundering Expert To Its Board

Diamond Trust Bank Adds Anti-Money Laundering Expert To Its Board

by biasharadigest

Tier 1 Lender Diamond Trust Bank Kenya Limited has enlisted the services of a anti-money laundering and banking operations expert as a non-executive Director.

As part of ongoing efforts to enhance the bank’s corporate governance structure and capacity, the DTB Kenya Board has tapped the services of Mr. Sagheer Mufti a former Citi Bank Global Head of Anti Money Laundering Operations.

Mr. Mufti is currently serving as the Chief Operating Officer (COO) for HBL (formerly Habib) in Pakistan.

Speaking when he confirmed the appointment, DTB’s Chairman Linus Gitahi said the entry of Mr. Mufti in the DTB Board would significantly expand the board’s capacity to provide dynamic leadership and oversight.

“The board is pleased to welcome Mr. Mufti who has a set of rare skills and will undoubtedly contribute to the board’s diversity,” Gitahi said.

A professional banker with close to four decades’ experience, Mr. Mufti holds a Masters in Business Administration from the George Washington University.

He is responsible for building a corporate culture based on operational excellence and technology capabilities for over 14 million clients served by the bank in over 20 countries.

Before joining HBL, Mr. Mufti served as the COO for Abu Dhabi Islamic Bank (ADIB) based in Abu Dhabi.

He had previously served Citi for more than 34 years in different management and leadership roles.

While at Citi, Mr. Mufti, led various enterprise transformation programs and business redesign responsibilities at a global level rising to serve as the Global Head of Anti Money Laundering operations.


While announcing the appointment, DTB did not state its reasons but in February 2019, Director of Public Prosecutions Noordin Haji accused the bank of aiding terrorism.

Appearing before parliament, Haji said that the bank failed to report suspicious transactions that he alleged were used to fund the attack on the DusitD2 Complex attack last year.

See Also>> How Dirty Money is Injected Into the Kenyan Economy

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