Kenya: NSE appoints Frank Mwiti as new CEO

Frank Mwiti, Eastern Africa Markets Lead & Partner at Ernst & Young, will assume the role of Chief Executive Officer (CEO) at the Nairobi Securities Exchange (NSE), succeeding Geoffrey Odundo.

Odundo’s nine-year term will conclude on March 1, 2024.

Prior to joining Ernst & Young, Mwiti has held positions at PwC, EY-Parthenon, Deutsche Bank, and Afrika Kapital.

Mwiti will commence his role on May 2, 2024.

“Mwiti is a dynamic and accomplished business leader with more than two decades of diverse and international professional experience in strategy, governance, business development, risk management, corporate finance, mergers & acquisitions and performance improvement,” the NSE’s Board said in a public notice about the appointment.

During the interim period between Odundo’s retirement and Mwiti’s commencement, David Wainaina, the current COO of NSE, has been appointed as the acting CEO.

“Mwiti’s strategic capabilities and exception experience in frontier, emerging and developed financial markets…will play a critical role in accelerating the next phase of growth of the NSE,” the Board added.