NAIROBI, Kenya, Jun 6 – Jamii Bora Bank Chief Executive Samuel Kimani has been appointed as the new Chairman of the Nairobi Securities Exchange (NSE) effective June 6, 2016.
Prior to his current job Kimani has served as Finance Director and later as the Deputy CEO, KCB Group.
He has also served at the Central Bank of Kenya in various capacities including; Deputy Chief Banking Manager and Deputy Director, Financial Markets.
He set up the National Payments Office at the Central Bank and was also the first Head of off-site Surveillance of the Kenya Deposit and Insurance Corporation, (formerly Deposit Protection Fund).
Kimani, takes over from Eddy Njoroge, who stepped down from the Board on June 2, 2016 after nine years, six of which he served as Chairman.
Njoroge successfully steered the Company in demutualization and subsequent listing, launching of new market segments including the Growth Enterprise Market Segment and Real Estate Investment Trusts (REITs) and an organizational restructuring in line with the Company’s 2014-2019 Strategic Plan.
“I am very honored and privileged to be appointed as the next Chairman of the leading Securities Exchange in East and Central Africa. I salute the outgoing Chairman and will build on his excellent stewardship. I am very confident that in line with our Strategic Plan, the Exchange will continue to further entrench its vision through continuous product innovation and technology enhancement. I look forward to working together with the NSE Board, staff and stakeholders. I am confident that this is a pivotal era for the NSE as we seek to enhance investor participation in our market,” Kimani said after his appointment.
Kimani also sits on the board of the Kenya Deposit Insurance Corporation and the Advisory Board of University of Stellenbosch Executive Development (USB-ED).
The Board also re-elected Bob Karina as its Vice-Chairman.
Shareholders also re-elected Sharon Maviala and Hosea Kimutai Kili as Non-Executive Independent Directors, and elected a new entrant Paul Vollant, through a poll conducted at the recently concluded 62nd Annual General Meeting.
The appointment of Paul Vollant is subject to his clearance by the Capital Markets Authority.