Unclaimed Financial Assets Authority gets new CEO
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.
Islands where smuggling insulates Kenyans from inflation
SHIPPING & LOGISTICS
- Matatus in Nairobi to pay more in seasonal ticket fees from Saturday
- What it takes to own a decent house at minimal cost and time
- MPs reject Treasury’s plan for new fund to repay costly loans
- How speculation and illegal money have heated up property prices
By Peter Theuri
- How retired couple built a business empire in a Siaya village