The recommencement of the exercise was decided in light of the election of a new government with a distinct vision for the financial sector and in accordance with the Capital Markets Act.
The CMA Board Chairman, Kung’u Gatabaki said that in making the decision the Board also took cognisance of the time elapsed and, “confirmed that applicants in the previous process would be encouraged to apply.”
The Board further noted the need for a substantive Chief Executive given the critical role of the Authority in steering the capital markets to support the Vision 2030 objectives and more so to drive the implementation of the new Strategic Plan for the 2013-2017.
The re-advertisements will be carried in local and regional newspapers, and the www.cma.or.ke website for wide readership and accessibility with a view to attracting the broadest pool of suitable candidates.
Paul Muthaura, the Director Regulatory Policy and Strategy has held the position of Chief Executive in an acting capacity since July 2012.
CMA is charged with the prime responsibility of both regulating and developing an orderly, fair and efficient capital markets in Kenya with the view to promoting market integrity and investor confidence.