, NAIROBI, Kenya Jan 8 – Kingdom Securities Limited Managing Director Geoffrey Odundo has been appointed the new Chief Executive Officer of the Nairobi Securities Exchange (NSE) effective March 1, 2015.
Odundo who has been at Kingdom Securities since 2009 is an accomplished investment banker with 22 years financial sector experience having been in the capital markets in various senior roles in asset management, corporate and stock broking.
He has been instrumental in the setting up of Co-op Trust Investment Services, Co-op Consultancy Services Limited and Kingdom Securities Limited.
Odundo has also served as a Non-Executive Director of the NSE representing trading participants from March 2012.
“During this time, he has been the Chairman of the NSE Technology Committee and has also been a member of the NSE Finance and Manpower Committee and the NSE Listings and Admissions Committee,” the NSE said in a Statement.
He has also in the past served as a Director and Secretary of the Kenya Association of Stock Brokers and Investment Banks.
“I am very honoured and privileged to be appointed as the next Chief Executive of the leading Securities Exchange in East and Central Africa, and I am very confident that the future of the NSE as a key driver of Kenya’s economy is very bright as we deepen the current products and diversify into new product offering,” Odundo said on his appointment.
On his part, NSE Chairman Eddy Njoroge said Odundo’s leadership skills experience and wealth of knowledge would be instrumental in driving the NSE’S aggressive strategic plan aimed at developing the Kenyan Capital Markets and growing the NSE.
Njoroge thanked Andrew Wachira, the Head of Compliance and Legal who has been the Acting Chief Executive, for guiding NSE through the Transition period.
Odundo comes on board as the NSE self-listed by selling 66 million shares to the public becoming the second exchange in Africa to demutualise after Johannesburg Stock Exchange (JSC)
He takes over from Peter Mwangi who left in November after a six-year tenure at the bourse having completed two terms of three years each.
Mwangi is now the CEO of Old Mutual Kenya.