Board of Directors

(From L to R) Vinod Rustagi, Conrad D’Souza, Charles Itembe, Sanjay Suchak, Anastasia Proxenos, Charles Mugila and Jackson Lohay

Sanjay Suchak (SS)

SS is a businessman with rich experience of three decades in various trades and businesses. He embarked on his entrepreneurial career immediately after completing his studies. He is the promoter of S S Holdings Ltd (SSHL), the holding company for African Risk and Insurance Services Ltd (ARIS). SS was appointed by Bank of Tanzania to Chair Insurance Technical Committee under Financial Sector Assessment Programme. The Committee has been working closely with IMF and World Bank in developing new ideas to catalyze growth of insurance sector in Tanzania. SS was a non-executive director on the board of First National Bank (FNB) Tanzania Ltd, which is a part of the First Rand Group of South Africa. SS has, in the past, held the position of Chairman – Alexander Forbes Uganda Ltd, President – Insurance Institute of Tanzania (2002-2011) and President – Tanzania Insurance Brokers Association (2002-2006). SS is the Chairperson of the Board of Directors of 1st Housing.

Anastasia Prexenos (Soula)

Ms. Soula holds an MBA from the University of Stellenbosch and has more than 27 years of financial services experience. She is currently holding the position of Chairperson of the Nominations Committee of Tahirih Justice Centre, Washington DC, and Vice Chairperson of International Housing Solutions (IHS)’s Advisory Board. Her expertise is in facilitating access to housing for moderate and low-income households through financing solutions. She was the Managing Director at International Housing Solutions, London and Washington DC between January 2006 and January 2017 and has, since joining the company in 2006, been Vice-Chair of the Investment Committee. While at IHS, she was responsible for Capital Raising and Investor Relations. Ms Soula, before joining IHS, was responsible for Fannie Mae’s international consulting business. She has run business units, managed international marketing and sales teams, developed strategic alliances, and opened new markets for the international divisions of South African and European financial services companies.

Charles Itembe (CI)

CI has a Master’s Degree in Economics from the University of Dar es Salaam. He has vast experience in the banking and housing finance sectors with over two decades’ experience in the financial sector. He joined CRDB Bank Plc in 1998 and spent over a decade in various managerial positions. He then moved to TIB Corporate Bank Ltd in 2015 to serve as Director of Treasury for 2 years. In 2017, CI joined Azania Bank Ltd as Managing Director and he is holding the position till date. He adds value to the Board with 20 years of experience in the banking industry, and shall provide expertise in funding and mortgage business development. CI has attended several trainings and seminars on different Banking and Finance related topics in different countries. He is an active member of the Institute of Directors as a Certified Director, alongside he serves on the Boards of Tanzania Mortgage Refinance Company (TMRC), Umoja Switch and Tanzania Institute of Bankers (TIOB).

Charles Mugila (CM)

CM is a holder of Master’s Degree in Law from the University of Dar es Salaam. He joined Azania Bank Ltd in September 2005 and has experience of over 15 years in the field of Legal Services and Company Secretary. He joined the bank as Secretary of Credit Recovery Committee, rose to different positons in the past years and was promoted as Director of Legal Services and Company Secretary in December 2017, a position he currently holds. CM is a Certified Company Secretary and Director with the Institute of Directors. He is an active member of Tanganyika Law Society and an Advocate of the High Court of Tanzania and other subordinate courts. He has been part of several trainings on Board Secretariat, Board Directorship, Legal aspects, Risk Management, Anti Money Laundering, etc. The Board is enriched by his expertise in the field of Corporate Governance.

Conrad D’souza (CD)

CD has a Master’s Degree in Commerce, a Master’s Degree in Business Administration and is a Senior Executive Program (SEP) graduate of the London Business School. He joined Housing Development Finance Corporation Ltd, India (HDFC) in 1984. He is part of the Executive Management and his responsibilities include corporate planning and budgeting, corporate finance and investor relations. He was earlier the Treasurer and has also worked in Operations and Management Services at HDFC CD has been a consultant to USAID/ UNDP and IFC (Washington) and has undertaken mortgage finance assignments in Nepal, Bangladesh, Indonesia, Maldives, Pakistan, Botswana, Egypt, Ghana, Kenya, Malawi, Mauritius Rwanda, Seychelles, Tanzania, Uganda, Romania and Turkey. He was instrumental in the establishment of Egypt’s first housing finance company, Egyptian Housing Finance Company and in the privatization of Housing Development Finance Corporation PLC, Maldives, and is a member on the board. CD conducts HDFC’s ‘Housing Finance Management’ trainings for international participants. He has led a team of trainers in conducting over 40 trainings covering over 850 executives on various aspects of mortgage finance in Indonesia. He is a senior trainer at the annual ‘Housing Finance Summer Academy’ in Germany, which is jointly organized by Frankfurt School of Finance and Management and HDFC and he is also a faculty member at the annual African Real Estate & Housing Finance Academy in Ghana.

Jackson Lohay (JL)

JL is an MBA holder from Eastern and Southern African Management Institute (ESAMI) and is a Certified Trainer for Housing Finance. He joined Azania Bank Ltd in April 2002 and has experience of 18 years in field of Credit and Product Development. JL joined the bank as a Mortgage Lending Supervisor, rose to different positions in the credit role & product development and was later promoted as Senior Manager responsible for retail banking business since 2017. JL has vast experience in the banking and housing finance sectors. JL is a Registered Quantity Surveyor with the Architects & Quantity Surveyors Board and is a member of the of Valuers Registration Board in Tanzania. He has attended several training programs on Credit, Lending, Housing Finance, etc. conducted by reputed organizations in different countries. He brings on to the Board hands-on expertise in Mortgage Financing.

Vinod Rustagi (VR)

VR, a qualified Chartered Accountant, is a professional with nearly three decades of experience in Finance and Accounts, Operations Management, Strategic Planning and General management. After working in various middle and senior management positions in India for two decades, VR joined Karimjee Group in 2004 as Director Finance and was promoted as Chief Operating Officer in 2010 and further as Group Managing Director in January 2014. VR is currently responsible for spearheading the group’s diversification initiatives and overseeing the Karimjee Group’s operation comprising of Karimjee Jivanjee Ltd, Toyota Tanzania Ltd, Salute Finance Ltd and City Motors Ltd.