Frank Mwiti as the new chief executive effective May 2, to replace outgoing CEO Geoffrey Odundo, who exits on March 1.

To manage the transition, the NSE board has appointed its chief operating officer (COO) David Wainaina to hold the post on an interim basis between March 2 and May 1, when the new appointee will take over.

Mr Mwiti is the outgoing partner and Eastern Africa markets lead at British professional services multinational Ernst & Young (EY), where he has been leading strategic business development of the company’s assurance, tax, consulting, strategy and transaction services across the region.

“Following the completion of Mr Odundo’s tenure, the Board of Directors of the NSE is pleased to announce the appointment of Mr Frank Mwiti as the new chief executive e of the NSE effective May 2, 2024, subject to appropriate regulatory approvals by the Capital Markets Authority,” said NSE Board Chair Kiprono Kittony in a statement.

“The appointment follows a comprehensive and rigorous recruitment process.”