Tandao 
Centum-owned Sidian Bank has announced the exit of Mary-Ann Musangi from its board following the nomination of her husband Andrew Musangi as Central Bank of Kenya Chairperson.
As the spouse of a nominee for such a significant regulatory position, Mary-Ann Musangi’s continued presence on the bank’s board could have raised concerns about undue influence and favouritism.
To maintain transparency and adhere to regulatory guidelines, the bank has opted to part ways with Mary-Ann, who has served on its board for an impressive eight years.
Mary-Ann Musangi’s contribution to Sidian Bank extends beyond her years of service; she played a pivotal role in the bank’s rebranding from K-Rep Bank to Sidian Bank in 2016.
Besides banking, Mary-Ann is the managing director serves as the managing director at Haco Industries, one of the companies within her late father, Chris Kirubi’s business empire.
