Board Members

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Dasho Penjore


Profile: Dasho Penjore is the Chairperson of FITI Board. Dasho was appointed as the Governor of the Royal Monetary Authority of Bhutan in December 2015. Dasho started his career in the Royal Monetary Authority in 1987 and served as the Deputy Managing Director from 2003 to 2006.

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In 2006, he was appointed as the Chief Chamberlain to His Majesty the King of Bhutan and was conferred Red Scarf Title of "Dasho" in 2008 for his distinguished service to the nation. Before he was appointed as the Governor, he was the Chief Executive Officer of National Pension & Provident Fund of Bhutan. Dasho Penjore completed his Masters in Economics from Northeastern University, Boston, USA. His Majesty the King awarded Druk Thuksey Medal to Dasho Penjore during the National Day Celebrations in December 2017 for his dedicated service to the nation.

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CEO, BDBL

Phub Dorji


Profile: Mr. Phub Dorji is the Chief Executive Officer of the Bhutan Development Bank Limited. He has a wide range of public service experience spanning over twenty-five years. He started his career at the Ministry of Economic Affairs (MoEA) as Coordinator for the Cottage, Small and Medium Industry development project.

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He was the Head of the Entrepreneurship Promotion Centre under the MoEA when he was summoned to start a Research Centre as an extension to His Majesty The King’s Secretariat in 2006. He was heading a think tank focusing on Bhutan’s macro and socio-economic studies until he joined the corporate sector as the CEO of BDBL in early 2016. He has a Bachelor in Arts from Sherubtse College, Bhutan and a Masters degree in Public Administration (MPA) and Edward S Mason Program in Public Policy and Management from Havard Kennedy School, Harvard University, Massachusetts, USA.

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Sumesh Kumar


Profile: Mr. Devendra Kumar Gupta is the Chief Executive Officer Druk PNB Bank Ltd. He was working as Circle Head of Udaipur circle of Punjab National Bank, India in the rank of Dy. General Manager. He started his Professional career in Punjab National Bank India as Management Trainee (MT) in the year December 1984.

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There after he has w orked in varies managerial capacities as Branch Head of Small to Very large branches, Corporate Offices, Head of Market Risk Division at PNB Head Office, New Delhi and also Headed varies Circles of PNB India. Mr. Devendra Kumar Gupta holds Masters’ Degree (M.Sc.) in Physics from University of Rajastan, Jaipur, PG Diploma in Applied Optics from Indian Institute of Technology (IIT) New Delhi, Diploma in Treasury, Investment and Risk Management (DTIRM) from Indian Institute of Banking and Finance (IIBF) Mumbai, Diploma in Management (DIM) from Kota open university and holds varies other certifications from different Institutions. He is also Certified Associate (CAIIB) of IIBF. He has vast experience of last 32 years’ in Indian banking system in almost all the working operational fields like Banking operations, Treasury Management, Risk management, Foreign exchange, Credit operations and management and now he is part of Top Management team of PNB.

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4.-Sonam-Yeshey-Board-Director

Sonam Yeshey


Profile: Mr. Sonam Yeshey is currently serving as the Director, Operations at NPPF. Had served as the Chief of Pension and Provident Fund and Project Manager with successful execution of ADB TA No. 8280-BHU: Capital Market Development. Has experienced in managing the World Bank IDF FIRST Initiatives Project.

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Has wide experience in the policy and administration of pension program and created pension database, actuarial projection, operational manual and policy strategic documents. Lead Analyst of developing National Pension Policy 2012 and 2017. Has more than 17 years of work experience with special expertise in social protection policies specific to actuarial work, pension, social budgeting, healthcare financing, statistical analysis, broader social welfare program and negotiation skills.

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Pema Wangdi

Pema Wangdi


Profile: Mr. Pema Wangdi is the Chief Executive Officer of Rural Enterprise Development Corporation Limited (REDCL). Prior to the current posts he was with erstwhile Business Opportunity and Information Centre (BOIC) as the Director for Business Development, Research and Training Department.

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. He started his career in 1996 as Lecturer at the Royal Institute of Management teaching Corporate Finance, Commercial Accounting and other management modules and resigned in 2010 as Sr. Lecturer and Head of Department of Finance & Business. The same year he entered the corporate world as General Manager, Marketing & Business Development with the Natural Resources Development Corporation Ltd. and worked till March 2013. He has a Master Degree in Business Management from Asian Institute of Management, Manila, Philippines and B.Com (H) from Sherubtse College, Bhutan under Delhi University. He is a recipient of CMO’s (Consortium of Management Organization’s) Asia’s Best B-School Award” of “Best Professor in Financial Management” and also a recipient of Principal’s Medal for Activities from Sherubtse College in 1995. He was selected for Royal Civil Service Commission Officers’ Cadre in 1996. He also serves as the Board Director to BDBL. He is the Chairman of Corporate Governance Board Committee, BDBL; Board member of Risk Management Board Committee, BDBL, Audit Board Committee, BDBL and a member of Project Management Unit, Bhutan Chamber of Commerce & Industry (BCCI).

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Kencho Yeshi

Kencho Yeshey


Profile: Mr. Kencho Yeshey is a licensed Independent Insurance Surveyor, Loss Assessor and a Freelance Insurance Risk Consultant. He has more than 18 years of experience in Insurance and Reinsurance Industry. Prior to his current job, he worked in various underwriting, claim, reinsurance and management positions in RICBL, Phuentsholing and Asian Re, Bangkok, Thailand.

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He has a Diploma in Civil Engineering, AII from Insurance Institute of India and ACII from Chartered Insurance Institute, UK. He also holds an International Certificate in Property Valuation and is a Chartered Insurance Risk Manager.

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Kuenga Jurmi


Profile: Mr. Kuenga Jurmi is the Chief Executive Officer of Financial Institutions Training Institute. For last 21 years demonstrated ability in a broad range of skills and competence involving in maintaining banking related software application (CBS),

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experiences in implementing operational procedures in IT dependent environment, people management with focus on HR policies and systems including recruitment and performance appraisal coupled with experiences as facilitator and coordinator of workshops and seminars, development of training courses to postgraduate students, in-service civil personnel, local community leaders and representatives. He has Master of Information Technology (MIT) from University of Canberra (UC), Canberra, Australia and Bachelor of Arts (Economics Honors.) – Sherubtse College affiliated to University of Delhi, India.

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