The International Monetary Fund (IMF) has appointed a Kenyan, Nancy Asiko Onyango, as the new director of its Internal Audit and Inspection (OIA) office.
The OIA is charged with conducting independent examinations of IMF’s internal control and governance processes.
Onyango’s appointment will take effect in February 2018, replacing current director, Clare Brady, who was in charge of the office for almost four years.
IMF managing director, Christine Lagarde made the announcement on Monday, expressing confidence in the Kenyan national’s ability to steer the key unit.
“Ms. Onyango brings to the Fund more than 25 years of experience in internal audit, strategic risk management, corporate governance and IT risk management,” Ms. Lagarde said in a statement.
“In addition to her extensive assurance and corporate governance experience, Nancy is passionate about empowering women and girls, notably in harnessing their leadership potential. I have full confidence that the OIA will continue to thrive under Nancy’s leadership,” she added.
Nancy Asiko Onyango Biography
Nancy Asiko Onyango has worked in several sectors, including financial services, and with several governments, development agencies and non-governmental organizations. Before her recent appointment, she was the Chief Executive Officer at Reliance Risk Advisory Solutions, Kenya.
She has also been a Partner at PricewaterhouseCoopers (Kenya) and also served as EY’s Governance, Risk and Compliance Leader for Africa. She currently sits on the boards of KCB Bank Group and Cytonn Investments.
Ms. Onyango is a Certified Public Accountant (CPA) and holds a doctorate degree in Business Administration from the United States International University – Africa in conjunction with the Columbia Business School, specializing in gender leadership and organizational change management. She also holds several international certifications from global institutions such as the Information Systems Audit and Control Association and the Institute of Internal Auditors.
Nancy speaks Kiswahili and of course, English. She was born in Kenya where she received her earliest formal education. If you’d love to know more about the Kenyan lady who will soon direct the affairs of IMF’s Fund Office of Internal Audit and Inspection, read on for a detailed account of her education and career.
Onyango is passionate about learning. This is obvious once you get a glimpse of the history of her education. Owing to the little knowledge she gathered as a kid when she attended local schools, Nancy couldn’t stop wanting more. Irrespective of the fact that being highly-educated was then, seriously regarded as something of little value and importance especially for a girl child, she wasn’t in anyway discouraged from going after what she wanted.
While in elementary school, her teachers would often make remarks like “you will learn more in the next grade”. This kept Nancy striving to know what’s next. Before long, she was set to acquire higher learning from the University of Nairobi. First, she bagged a Bachelor of Commerce, Accounting and Finance degree; that was in 1987. Two years later (1989), Nancy earned a Master’s degree in Business Administration.
Although most people would decide to call it quits with education at this stage, Onyango went on to advance her education with INSEAD, a graduate business school. She also attended the GIBBS Business School in Johannesburg, South Africa to take part in Executive Management Development Programme.
More to that, Nancy was a student of the United States International University from 2013 to 2016. It was with this institution that she obtained her DBA – Doctorate of Business Administration, Organizational Leadership and Change Management. That’s not all, the Kenyan also attended the Business School of Columbia University sometime in 2014.
Nancy Asiko Onyango career is audaciously bold and adventurous like her education. Let’s start with the services she has been offering at her own free will. She has been serving voluntarily as a board member of the Information Systems Audit and Control Association (ISACA) in Kenya since September 2012. Likewise, she’s been a Judge on the panel for Pillar Wards for Africa since December 2013.
Ms. Nancy kicked off her career in 1989 as an AIESEC trainee with C&L in Rotterdam, Netherlands. This only lasted for few months. Meanwhile, from that same year until January 1999, she gained experience with Coopers & Lybrand Associates working as an assistant manager.
Between 1995 to 2002, Onyango was involved with the management of PricewaterhouseCoopers (PWC) in the UK. Initially, she worked as a manager for over three years in the company’s Global Risk Management Solutions department in Uxbridge, London. Then, as a senior manager for more than 3 and half years. The experiences Nancy gathered in those positions would later see her head PWC’s Risk Assurance Services in East Africa from 2011 to 2014. Similarly, she led another PwC project in the region for 7 years.
Beyond the foregoing, Nancy Asiko Onyango was for almost 2 years (January 2015 – August 2016), a partner with EY for its Governance, Risk & Compliance Leader for Africa project.
Since 2016, she has been working with Fairtrade International and also, have been serving as a board advisor for Financial Sector Deepening Africa (FSD Africa). Nancy has been a board member of Cytonn Investments since June 2017. Nonetheless, she is above all, most known as a member of the board of directors of KCB Bank Group.
Quick Facts About Nancy Asiko Onyango
1. Her appointment as Director of IMF’s Office of Internal Audit and Inspection will take effect in February 2018.
2. Onyango is a certified Risk Management Assurance and a certified accountant.
3. She is a graduate of the University of Nairobi where she equally received her master’s degree.
4. Nancy obtained a doctorate degree from the United States International University.
5. She has held several management positions in many famous establishments across the globe.
6. She was once the CEO of a consultancy firm – Reliance Risk Advisory and, a specialist in organizational change management.