CDSC Taps Former Nairobi Securities Exchange Chief as New CEO

CDSC Appoints Former Nairobi Securities Exchange Chief as New CEO

Nkoregamba Mwebesa I Courtesy

The Central Depository and Settlement Corporation (CDSC) has appointed former Nairobi Securities Exchange Chief Executive Officer Nkoregamba Mwebesa as its new chief executive.

He replaces Rose Mambo, who left the corporation in September 2019. During the period, Hilda Njeru led the corporation on an interim basis since October 2019.

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 repositioning 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.