The Capital Markets Authority has confirmed the appointment of Wyckliffe Shamiah as its Chief Executive Officer.
Mr. Shamiah has been serving as Acting CEO since January 2020, following the exit of Mr. Paul Muthaura, who is now the CEO of ICE Life Assurance Group.
In a statement, CMA Chairman Peter Ndegwa confirmed that Mr. Shamiah’s appointment followed an open and competitive recruitment process.
“It is important to note that Mr. Shamiah’s appointment to the position in a substantive capacity having acted since the beginning of the year, provides stability and continuity at a time the Authority, the capital markets, industry players, issuers and investors and indeed Kenya and the globe deal with the disruption and devastation brought about by Covid-19,” Mr. Ndegwa said.
Mr. Shamiah has risen through the ranks in his 23-year tenure at the Authority. Before his appointment, he was the Director of Market Operations since November 2011.