EABX Public Limited Company (EABX), a newly incorporated public limited company whose purpose is to establish and operate an over-the-counter securities exchange (OTC Exchange), has appointed Terrence Adembesa as the Chief Executive Officer commencing March 2022.
Terrence has more than 15 years of senior management experience including over a decade in the development and commercialization of capital markets and products, most recently as Chief Business Officer at the Nairobi Securities Exchange (NSE).
“We are very pleased to have Terrence join us and we know he is the right leader for EABX,” said Kihara Maina, EABX’s Chairman of the Board.
“He brings to the company the right mix of experience, skills and mindset to launch the Exchange and drive the growth we foresee for the company in the region’s fast-developing Financial Markets.”
“I am very excited to be joining the EABX team,” said Terrence Adembesa. “As the industry evolves through new technologies and client demands, I believe that the establishment of EABX provides a unique proposition for a new market utility to address the growing financial infrastructure needs of a developing East African regional economy.”
Terrence was responsible for the strategic direction, growth and diversification of annual revenues, having led the development of the Derivatives Market – NeXT, the Growth Enterprise Market Segment (GEMS) the Real Estate Investment Trusts (REITs), the Exchange Traded Funds (ETFs) and the FTSE International Index Series at the NSE.
Before joining the NSE, Terrence had held positions at Enablis and at the Co-operative Bank. Terrence received a Postgraduate Certificate in Mechanics of Derivatives and Financial Products from Middlesex University, a BBA with Honours in Management from the University of Eastern Africa – Baraton and a Global Executive MBA from the Unites States International University in conjunction with the Frankfurt School of Finance and Management.
He is a Member of the Institute of Certified Investment and Financial Analysts (K) and a Member of the Chartered Institute for Securities and Investments (UK).