The Board of Directors of the Nairobi Securities Exchange (NSE) Plc on Monday appointed former Kenya National Chamber of Commerce Chairperson Kiprono Kittony as the new chairperson of the board effective July 13, 2020.
Kittony had been serving on the board after being appointed as a director of the NSE on May 30, 2018.
Mr. Kittony holds both a Bachelor of Commerce and a Bachelor of Laws degree from the University of Nairobi and a Global Executive MBA from the United States International University (USIU).
“I am very honored and privileged to be appointed as the next Chairman of the leading Securities Exchange in East and Central Africa. I salute the outgoing Chairman and will build on his excellent stewardship,” Mr. Kittony said.
During his seven year tenure at the KNCCI, he was widely credited with revitalizing the organization through a series of transformative initiatives that placed the chamber at the forefront in terms of shaping national trade and general economic policy.
He serves as the chair of the Credit Reference Bureau Kenya Limited, AAR Insurance Limited, Mtech Limited and Radio Africa Group.
He also serves on the Business Advocacy Fund, and also sits on the advisory council of the International Fund for Health in Africa (IFHA) an Amsterdam based private equity fund and is one of two representatives in the Global Council of the World Chambers Federation.
Mr. Kittony, takes over from Mr. Samuel Kimani who stepped down as Chair for the Board on July 13, 2020 after holding the position for four years.
He remains on the board as an Independent Non-Executive Director for one more year.
During his tenure, Mr. Kimani, successfully steered the Company as it achieved various milestones under the 2015-2019 Strategic Plan, including the upgrade of the Equities Trading System, launching of new market segments including the Derivatives Market, the Green Bond Market, Ibuka and the launch of the world’s first mobile traded Government Infrastructure Bond; M-Akiba.
He also steered the process of the Company’s formulation of the 2020-2024 Strategic Plan.
Speaking on behalf of the Board, Mr. Kimani noted: “After a thorough process, the Board of Directors has today appointed Mr. Kittony as the next Chairman of the NSE. His leadership skills, experience and wealth of knowledge will be instrumental in driving NSE’s 2020-2024 Strategic Plan aimed at deepening the Kenyan Capital Markets and growing the NSE to be the investment partner of choice in Africa.
In addition, the board announced that Mr. Bob Karina, will continue as the Vice Chairman of the NSE board of directors for the next one year.
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