Kenya’s Retirement Benefits Authority (RBA) has confirmed the appointment of Mr Nzomo Mutuku as the chief executive officer. Mr Nzomo has been at the helm of the insurance regulator in acting capacity since 1 April 2017.
The Board said they weres confident that Mr Nzomo will drive RBA’s strategies such as boosting coverage of the retirement benefits sector, exploiting technology to improve service delivery, and ensuring all service providers and schemes in the sector are compliant.
Mr Mutuku replaced Dr Edward Odundo who left the company in March last year. Dr Odundo is recognised for growing the industry from Sh50 billion to Sh1 trillion and representing Kenya in the International Organisation of Pension Supervisors (IOPS) as the president from 2012 to date.
Mr Mutuku formerly worked on secondment to the Treasury as the Acting Director Financial and Sectoral Affairs. Before this, he was the Chief Manager of Research and Development at RBA for more than 12 years. Mr Mutuku also worked in the Research Department at the Central Bank of Kenya.