Wyckliffe Shamiah appointed CMA acting Chief Executive

Wyckliffe Shamiah has been appointed as the acting Chief Executive of the Capital Markets Authority (CMA).

Mr. Shamiah’s appointment, which takes effect from January 1, 2020 was announced on Monday by the Board of the Capital Markets Authority.

“The Board of the Authority has noted that  Shamiah’s appointment as Acting Chief Executive will support the Authority to continue the implementation of its Strategic Plan 2018-23 and the industry 10 Year Capital Markets Master Plan,” noted the board in press release.

Mr. Shamiah’s appointment follows the end of term of Mr. Paul Muthaura as Chief Executive of the Authority.

Prior to his appointment, Shamiah served as the Director Market Operations from 2011 and is expected to continue holding the position in acting capacity until the appointment of a substantive office holder by the National Treasury Cabinet Secretary following recommendations made by the board.

The Capital Markets Authority is responsible for regulating and developing an orderly, fair and efficient capital markets in Kenya with the view to promoting market integrity and investor confidence.