The board of the Capital Markets Authority (CMA) has announced the start of the process to identify a suitable candidate to succeed the current Chief Executive Mr. Paul Muthaura.
The process begins today, 3 September, which will remain open until 27 September 2019.
The position will fall vacant in January 2020 and follows Mr. Muthaura’s recent notice not to renew his contract which expires on 31 December 2019.
The Chief Executive will be expected to provide vision and leadership in the regulation and development of Kenyan Capital markets. Moreover, he/she will be responsible for developing and implementing strategies to address emerging issues, risks, and opportunities to safeguard investor confidence and market integrity.
The requirements for appointment include a Master’s degree in Law, Finance, Accounting, Economics, Banking, Insurance, or equivalent. Furthermore, the candidate must have at least 10 years of relevant experience at a senior management level and have expertise in matter relating to money, capital markets, or finance.
On top of that, the candidate should have membership in good standing of a relevant professional body.
The successful candidate will be engaged on a four-year contract renewable once and will report to the Chairman of the Board of directors.