Home ECONOMY Former NSE CEO Mwebesa Appointed CDSC CEO

Former NSE CEO Mwebesa Appointed CDSC CEO

by biasharadigest

The Central Depository and Settlement Corporation announces the appointment of Nkoregamba Mwebesa as the new CEO effective February 10, 2020.

Mr Mwebesa has over 25 years of experience in the financial services sector across East Africa.

Prior to joining CDSC, Nkoregamba has been the Managing Director of Stanlib Kenya Limited (Stanlib) from 2016. He has previously, worked as Chief Executive of SBG Securities Limited.

Furthermore, Nkoregamba is credited with numerous landmark transactions, such as the Stanlib Fahari I-Reit Initial Public Offer on the NSE (2015), the Tanzania Breweries Limited Public offer, Kenya Airways Rights Issue on NSE, and UMEME initial public offering on the Uganda Securities Exchange.

READ ALSO: Hilda Njeru to serve as CDSC Kenya acting CEO after Rose Mambo’s exit

Nkoregamba also served as CEO of the Nairobi Securities Exchange from 2005 to 2008 where he led the implementation of the Automated Trading System, oversaw 12 new equity listings including KENGEN and Safaricom.

Nkoregamba replaces Mrs Rose Mambo who had been at the helm for 12 years and retired in September 2019. Hilda Njeru has been leading the corporation on an interim basis since October 2019 will continue until Nkoregamba assumes office in February.

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