The Nairobi Securities Exchange (NSE) will now have a new Chief Executive Officer. Frank Mwiti, the Eastern Africa Markets Lead & Partner at Ernst & Young, has been appointed the CEO. He will succeed Geoffrey Odundo who has been at the helm for 9 years.
“Following the competition of Mr. Odundo’s tenure, the board of NSE is pleased to announce the appointment of Mr. Frank Mwiti as the new CEO effective May 2, subject to regulatory approvals by the Capital Markets Authority (CMA),” the Board’s notice reads.
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“Mwiti is a dynamic and accomplished business leader with more than two decades of diverse and international professional experience in strategy, governance, business development, risk management, corporate finance, mergers & acquisitions, and performance improvement,” the NSE’s Board said.
“Mwiti’s strategic capabilities and exception experience in frontier, emerging, and developed financial markets…will play a critical role in accelerating the next phase of growth of the NSE,” the Board added.