Wycliffe Shamiah Confirmed as Capital Markets Authority CEO

Cytonn CEO Edwin Dande has also threatened to sue Mr Shamiah for allegedly “misleading the public and the government in regards to Cytonn and Private Offerings” if he shall not have complied within 7 days.

CMA chief executive Wyckliffe Shamiah

The Capital Markets Authority (CMA) confirmed Mr. Wycliffe Shamiah as its chief executive officer, replacing Mr. Paul Muthaura.

He was serving as the acting chief executive since the year began.

“I would congratulate Shamiah on his appointment, having served in the Authority for over the last 23 years and emerging as the successful candidate for the position,” said the chairman of the Board, James Ndegwa in a statement.

Shamiah will be tasked with implementing the Strategic Plan 2018-2023, supporting regulations, and maintaining CMA’s reputation as a high performing public sector institution.

Under his leadership, the authority has piloted the Securities Lending and Borrowing platform allowed listed firms to hold virtual AGMs, and increased participants to the CMA sandbox such as Belrium Kenya and Pyypl Group Limited.

Shamiah holds a bachelor’s degree in Economics and Mathematics and also a Masters in Business Administration (Finance) from the University of Nairobi. 

He is a Certified Public Accountant and a member of the Institute of Certified Public Accountants of Kenya (ICPAK).