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Unclaimed Financial Assets Authority gets new CEO

NEWS
By Philip Mwakio | March 1st 2019

 

NAIROBI, KENYA: Unclaimed Financial Assets Authority (UFAA) has announced the appointment of John Kihara Mwangi to the position of Chief Executive Officer (CEO) and Managing Trustee, effective March 1st.

This follows the departure of the former CEO Kellen E. Kariuki who announced her decision to leave the Authority towards the end of 2018.

Prior to his appointment Mwangi was the Manager, Unclaimed Financial Assets Line at UFAA, a position he has held for the last four years.

Mwangi has had a successful career in several financial institutions within investment and a commercial banking. 

He has over 16 years’ experience having worked with leading Fund Managers, Investments and Commercial banking Industry in Kenya as a Relationship Manager.

The Authority currently holds Unclaimed Assets Trust Fund valued at Sh 13.1 billion in cash, 1451 safe deposit boxes and Sh555.5 million units of shares. UFAA remains committed to delivering its mission to Receive, Safeguard and Re-Unite unclaimed assets for social prosperity and economic development with all relevant stakeholders.

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