Ex-NSE boss Nkoregamba Mwebesa appointed CDSC Chief Executive fficerO

NAIROBI, KENYA: The ex-Nairobi Securities Exchange Chief Executive Officer Nkoregamba Mwebesa has been appointed new CEO of the Central Depository and Settlement Corporation (CDSC)

He replaces Rose Mambo, who left the corporation in September 2019 after a 12- year tenure at the helm of the Company.

Nkoregamba has more than 25 years of experience in the Financial Services Sector in the East Africa Region. His expertise spans Banking, Wealth and Investment Management, Capital Markets and Securities Trading, and Investment Banking.

He joins CDSC from Stanlib Kenya Limited (Stanlib), a wholly owned subsidiary of Liberty Holdings, where as Managing Director since December 2016, he crafted and led the strategic turnaround of the business.

Prior to joining Stanlib, Nkoregamba served as the Chief Executive of SBG Securities Limited (SBGS), a member of the Nairobi, Uganda and Rwandan Securities Exchanges and a wholly owned subsidiary of the Stanbic Holdings Plc.

Nkoregamba served SBGS from January 2009, where he led the strategic re-positioning of the business into a top tier regional investment bank. During his tenure, SBGS routinely ranked as the top broker on the three regional exchanges.

Nkoregamba also served as the Chief Executive Officer of the Nairobi Securities Exchange from 2005 to 2008. During his tenure at the NSE, Nkoregamba led the implementation of the Automated Trading System that contributed to the largest trading expansion in the history of the bourse.

Nkoregamba also oversaw 12 new equity listings and numerous debt listings during this period. This included the high profile listings of Kengen and Safaricom.

Central Depository and Settlement Corporation Limited Board said in a statement that they are confident that with his rich career in the capital markets and diverse leadership experience Nkoregamba will steer CDSC to greater heights.

Hilda Njeru who has been the acting CEO since October 2019, will continue to hold fort until Mwebesa assumes office on February 10, this year.