CMA confirms Wyckliffe Shamiah as substantive CEO

Capital Markets Authority confirmed Wyckliffe Shamiah as CEO on November 19, 2020. FILE PHOTO | NMG

By OTIATO GUGUYU
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Summary

• Mr Shamiah has been serving as the acting CEO since January this year when he was appointed to replace Paul Muthaura.
• He has held multiple senior positions at the Capital Markets Authority over a career spanning 23 years.

The Capital Markets Authority (CMA) has confirmed the appointment of Wyckliffe Shamiah as the regulator’s substantive chief executive officer.

Mr Shamiah has been serving as the acting CEO since January this year when he was appointed to replace Paul Muthaura.

In a memo to staff, the CMA chairman James Ndegwa said Treasury Cabinet Secretary Ukur Yatani had approved his appointment following 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.

Prior to his appointment, Mr Shamiah was the director of market operations since November 2011.

He has held multiple senior positions in market supervision, research, financial analysis and compliance at the CMA over a career spanning 23 years.