The Nairobi Securities Exchange (NSE) has announced a significant leadership transition, appointing Frank Mwiti as its new Chief Executive Officer, effective May 2, 2024. Mwiti will succeed Geoffrey Odundo, who has led the exchange with distinction for nine years and is set to retire on March 1, 2024. During the transition period, from March 2 to May 1, 2024, David Wainaina, the NSE’s Chief Operating Officer, will serve as acting CEO.
Frank Mwiti is celebrated for his dynamic leadership and extensive experience across both local and international financial markets. Before his appointment at the NSE, Mwiti was the Eastern Africa Markets Leader for Ernst & Young (EY), where he was instrumental in strategic business development across several countries, including Kenya, Ethiopia, Uganda, Tanzania, Rwanda, Burundi, and South Sudan. His rich background includes managerial roles at PricewaterhouseCoopers (PwC) and EY in the United Kingdom, as well as significant positions at UBS and Deutsche Bank.
NSE Board Chairman Kiprono Kittony praised Mwiti for his strategic capabilities and exceptional experience, expressing confidence that Mwiti’s leadership will accelerate the next phase of growth for the NSE and bolster Kenya’s capital markets agenda. Kittony also commended outgoing CEO Geoffrey Odundo for his transformative impact on the NSE, highlighting his role in introducing globally accepted investment products, cutting-edge technology, and championing sustainability initiatives in the capital market.
This leadership change marks a new chapter for the NSE, promising to further enhance its role in Kenya’s economic development and the broader East African financial landscape.
