Joseph N. Mutugu

NIC Group Plc is a non-operating holding company, which engages in the provision of retail and corporate banking, brokerage, bancassurance, and investment banking services. It operates through the following segments: Corporate & Institutional Banking, Treasury Dealing & Brokerage, Retail Banking, and Investment Banking. The Corporate & Institutional Banking segment focuses on liability mobilization and asset growth for medium to large corporate clients and institutions. The Treasury Dealing & Brokerage segment focuses on institutions with a foreign exchange component in their business, and focuses on the execution of transactions at the Nairobi Securities Exchange on behalf of high net worth and institutional customers. The Retail Banking segment operates as a core deposit, transactional banker, and financier. The Investment Banking segment provides services to the large and medium sized companies for research, advisory, and capital restructuring requirements. The company was founded on September 29, 1959 and is headquartered in Nairobi, Kenya.