Former Capital Markets Authority (CMA) Chief Executive Paul Muthaura has been named the new ICEA Lion Chief Executive.
Muthaura replaces the long-serving Steven Oluoch, who leaves the organisation having attained retirement age.
The Insurance Regulatory Authority (IRA) has already approved Muthaura’s appointment as the company’s new honcho.
“I hand over this committed, technically astute, and customer-oriented team to my worthy successor with the conviction that ICEA Lion General will grow from strength to strength,” Mr Oluoch said in a statement.
Muthaura joined ICEA LION General Insurance as Chief Operating Officer in April 2020. Before that, he served as the Chairman of the Africa- Middle East Regional Committee of the International Organization of Securities Commissions (IOSCO).
Between April 2017 and January 2020, he served as the Chairman of the East African Securities Regulatory Authorities (EASRA).
However he is known for having served as the Chief Executive of the CMA, a position he held between July 2012 and January 2020.
Muthaura holds a Masters Degree in Banking and Finance Law from the London School of Economics and Political Science, U. of London, a Masters degree in Philosophy from the Maastricht School of Management, and a Post Graduate Diploma in Financial Management.
He is an Advocate of the High Court of Kenya, an Honorary Fellow of the Institute of Certified Secretaries and a Certified Executive Coach by the Academy of Executive Coaching.
He has also been a Member of the Financial Stability Board (FSB) Regional Consultative Group for Sub- Saharan Africa, Chairman, East African Securities Regulatory Authorities (EASRA), Chairman, Capital Markets Master Plan Implementation Committee and is a Member of the Securities Advisory Board, Toronto Centre for Leadership in Financial Supervision.
In his capacity as Chief Executive of the Capital Markets Authority, Muthaura also served as a board member of the Insurance Regulatory Authority, the Retirement Benefits Authority and the Vision 2030 Delivery Board.