The Programme Investment Committee (PIC) of the Financial Sector Deepening Trust (Kenya), (the Trust) wishes to appoint a service provider to act as trustee for the Financial Sector Deepening Trust (Kenya) for a five year period commencing 1 January 2017. Currently funded by the UK Department for International Development (DFID), the Swedish International Development Agency (SIDA) and the Bill and Melinda Gates Foundation, the charitable purpose of the trust is to promote pro-poor financial services in Kenya. Trust programmes include work on long term policy and research; regulation; financial industry infrastructure; and innovation.
The Trustee is fully accountable under the Kenyan Trustee Act (Cap 167) for the discharge of the charitable trust. The powers and responsibilities of the Trustee are set out in the Trust Deed, the PIC constitution and the Trust Policies and Procedures. Although the Trustee is fully responsible for the strategic direction, financial management and fiduciary oversight, and operations of the Trust, it is mandated to seek technical guidance through a ‘no objection’ of the PIC comprising donor and independent members, and to implement the programme using the services of technical and financial managers. As a result the role of the trustees is primarily one of oversight, ensuring that the systems and processes necessary to ensure programmatic, operational and financial integrity are followed. The Trustee will appoint two of its employees to act as the registered trustees of the Trust; and will be expected to maintain good donor relationships.