Wyckliffe Shamiah Appointed CMA Acting CEO As Search For Muthaura’s Replacement Drags On

Wyckliffe Shamiah. [PHOTO/ COURTESY]

The Capital Markets Authority (CMA) has appointed Wyckliffe Shamiah as the acting CEO as Paul Muthaura is set to exit office on December 31, 2019.

Mr Shamiah has been serving as the director of market operations since November 2011, will take up the new role from January 1, 2020.

“The appointment is expected to run until the appointment of a substantive office holder by the Cabinet Secretary, National Treasury and Planning following recommendations made by the Board,” CMA said in a statement.

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Shamiah was CMA’s nominee to the Council of the Institute of Certified Public Accountants of Kenya for more than 10 years and a representative of the Authority to the Financial Stability Board Regional Consultative Committee for Sub-Saharan Africa.

He is a Fellow of the Institute of Certified Public Accountants (FCPA)(K) and holds a Masters in Business Administration (Finance Option) from the University of Nairobi and a Bachelor of Arts Degree in Mathematics and Economics from Egerton University.

The board began to look for Mr Muthaura’s replacement in September, but the process has been slow.
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