Sarah Serem Takes Over As Postbank Chair

Former Salaries and Remuneration Commission chairperson Sarah Serem has taken over as the Chairperson of the Kenya Post Office Savings Bank (Postbank) from today.

Serem who also served as Kenya’s Ambassador to China was appointed to the position on Jan 13, 2023.

She brings a wealth of experience and expertise in government administration.

Speaking at Postbank headquarters during her official assumption of office, Ambassador Serem said she was delighted to return to Postbank and is looking forward to a rigorous three-year term.

“I look forward to working with the Bank’s leadership to meet our customers and stakeholders needs as well as advance the savings agenda of the country seeing as we are the institution mandated by the Government to mobilize national savings,” she said.

“Looking into the future, I see a great opportunity for Postbank. Kenya’s economy is responding positively to the economic shock following the COVID-19 pandemic and the Russia-Ukraine war,” She added.

“This growth momentum continues to generate business opportunities for the financial sector which will benefit Postbank and other financial institutions.”

On his part, Postbank Managing Director Raphael Lekolool expressed his confidence on her appointment.

“The Board and management of Postbank are confident in the appointment of Amb. Sarah Serem and we assure her of our full support,” Lekolool said.

“We are cognizant of the wealth of expertise that she brings on board and we are optimistic that under her leadership, we will advance our role of offering financial services to the people of Kenya,” he noted.

The ex-SRc boss replaces Ntoros Baari Ole Senteu who served as the Bank’s board chairperson for three years.