The Lower Eastern Times Opening The Third Eye
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The Nairobi Securities Exchange (NSE) Board has named Frank Mwiti as the incoming Chief Executive Officer (CEO), starting May 2, 2024.
Mr. Mwiti brings with him a wealth of experience spanning over twenty years in various sectors including strategy, governance, business development, risk management, corporate finance, mergers & acquisitions, and performance enhancement, both domestically and internationally.
Formerly serving as Partner and Eastern Africa market leader at Ernst & Young (EY), Mr. Mwiti has also held managerial positions, including Banking and Capital Markets Advisory Manager at PricewaterhouseCoopers (PwC), and a role as a Management Consultant in Investment Banking at Deutsche Bank, UK.
Notably, he founded Afrika Kapital in the UK, where he served as CEO and Managing Director, advising major financial institutions such as Deutsche Bank and Lloyds Banking Group across various sectors globally.
Kiprono Kittony, Chairman of the NSE Board, extended congratulations to Mr. Mwiti, expressing confidence in his strategic acumen and extensive experience in both emerging and developed financial markets. Kittony emphasized Mr. Mwiti’s crucial role in propelling NSE’s growth trajectory and supporting the government’s capital markets objectives.
Acknowledging the contributions of outgoing CEO Geoffrey Odundo, Kittony thanked him for his dedicated service and outstanding performance.
To ensure a seamless transition, David Wainaina, currently serving as NSE Chief Operating Officer (COO), has been appointed Acting CEO effective March 2, 2024, until May 1, 2024. With over 18 years of experience in the capital market, Wainaina has been instrumental in driving key projects such as the automation of equities and fixed-income markets for the Exchange.
