1. Joe Muthoka’s Banking Profile
Joe is a graduate of the USIU-School of Business and Management in Nairobi, Kenya. He studied
business administration with emphasis in accounting and finance and graduated in the class of 1988.
In 1989, he joined Bangue Indosuez, a French merchant bank in Nairobi, as a management trainee and
by the year 2000 he had risen to head the Treasury and Foreign Exchange Back-Office Operations.
He is trained and experienced in Cash Management, Bank Branch Operations, Local and Foreign
Currency (DFCC) Cheque Clearing, Central Bank RTGS Payments, International Money Transfers via
SWIFT, Trade Finance – LCs and Documentary Collections, SWIFT advanced Payments and Messaging
Standards, Moneygram and Local ATM Operations under PESA POINT (now Interswitch Ltd),
MasterCard and VISA Card Business, Correspondent Banking and Nostro Account Reconciliation and
Excellent Customer Service Management.
In 2005, while at Paramount Bank, Nairobi, Joe was selected by the management and went to Credit
Card Services Co. (CSC) in Beirut Lebanon to undertake the MasterCard operations outsourcing and
treasury settlement program in-line with the structuring and implementation of the Paramount Bank
ATM MasterCard.
Further into his banking career, Joe has also been well exposed to core banking systems, Reuters
conversational Dealing System, the ACI – Foreign Exchange Dealing Simulation Program, Dealing
Room Management, Web Based Currency Markets Trading Platforms and Treasury Sales & Marketing.
Joe has been an authorized foreign exchange dealer under the Financial Markets Dealers Association
(ACI) of Kenya and served two terms (2005-6 & 2006-7) as a member of the associations’ executive
committee. As a Dealer, Joe has been an active fixed income dealer trading in the Central Bank of
Kenya Treasury Bonds at both the Primary and Secondary Markets. He has also been involved in Bank
investment in Treasury Bills, Interbank Overnight Money Markets, Term Deposits and Borrowing,
Central Bank of Kenya Repos & Reverse Repos, Interbank Horizontal Repos, Short-Term Notes and
Corporate IPOs and various Commercial Papers.
Joe worked at Paramount Bank from 2004 as the Chief Treasury Officer, Southern Credit Bank (now
Spire Bank) from 2007 as Treasury Manager and Fidelity Bank from 2010 as Asst. General Manager in
charge of the Treasury & Foreign Exchange Operations. In all these banks, he was instrumental in the
structuring of their Foreign Currency Dealing, Fixed Income Trading, Treasury Sales /Marketing and the
Back-Office Operations Units.