The Capital Markets Authority (CMA) has re-advertised the vacancy of Chief Executive officer. The holder of the position is expected to serve for a 4-year term. The CEO position fell vacant in January 2020 following the retirement of Paul Muthaura with Wycliffe Shamiah taking over in an acting capacity.
In a press statement, CMA expects the eligible candidates to be a holder of bachelors and a master’s degree in law, finance, accounting, economics, banking, or insurance. In addition, the ideal candidate should have membership in a relevant professional body.
The agency says that they are looking for a candidate with 15 years’ work experience in money, capital markets, or finance with not less than 10 years’ experience at a senior management level. The contract is renewable for one further term following the lapse of the four-year tenure and is subject to relevant public service regulations.
Candidates should apply through CMA’s e-recruitment portal by September 7, 2020. Deloitte East Africa will oversee the recruitment process through its Executive Selection Division.
In a recent address to the press, acting CEO Wycliffe Shamiah said that the Authority is leveraging on technology and new listing laws to end IPO drought. Under Shamiah’s leadership, the authority has piloted the Securities Lending and Borrowing platform, allowed listed firms to hold virtual AGMs, and increased participants to the CMA sandbox such as Belrium Kenya and Pyypl Group Limited.
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