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ICEA Lion Group Taps Ex-CMA boss Paul Muthaura as new CEO

NAIROBI, Kenya, Oct 1- ICEA Lion Group has appointed the former boss of Capital Markets Authority Paul Muthaura as the new CEO.

The insurer announced on Thursday that Muthaura’s appointment follows the departure of Steven Oluoch who attained retirement age, after being at the helm of the company for 8 years.

“ We thank Steven for the loyal and committed service he has provided to out-group and the insurance sector in Africa and take this opportunity to wish him well as he embarks on this new chapter in his life,” said ICEA Lion Group Chairman James Ndegwa.

“I hand over this committed, technically astitute and customer-oriented team to my worthy successor with the worthy conviction that ICEA Lion Group will grow from strength to strength,” said the outgoing CEO Steven Oluoch.

Muthaura joined ICEA Lion Group in April 2020 as the Chief Operating Officer, after leaving CMA in December last year.

He has more than 18 years of experience as a corporate leader in the financial and legal sectors.

Muthaura has a legal background with a Master of Law degree, a Master’s degree in Philosophy, and also holds a Post Graduate Diploma in Financial Management.

Professionally, he is an Advocate of the High Court of Kenya, an Honorary Fellow of the Institute of Certified Secretaries, and a Certified Executive Coach by the Academy of Executive Coaching.

The incoming CMA boss has also served as a Board Member for the International Organisation of Securities Commissions.

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He has also been a Member of the Financial Stability Board (FSB) Regional Consultative Group for Sub- Saharan Africa, Chairman, East African Securities Regulatory Authorities (EASRA), Chairman, Capital Markets Master Plan Implementation Committee and is a Member of the Securities Advisory Board, Toronto Centre for Leadership in Financial Supervision.

During his 14 year stint as Chief Executive of the Capital Markets Authority, Muthaura also served as a board member of the Insurance Regulatory Authority, the Retirement Benefits Authority, and the Vision 2030 Delivery Board.

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