The Board of Directors of the Central Depository and Settlement Corporation (CDSC) Limited has approved the appointment of Nkoregamba Christopher Michael Mwebesa as its Chief Executive Officer with effect from 10th February.
Having 25 years of experience, Nkoregamba is a highly rated strategist and purpose-driven corporate leader in financial services across the East Africa region.
He has knowledge and expertise in banking, wealth and investment management, capital markets and securities trading, and Investment Banking.
He joins CDSC from Stanlib Kenya Limited, a wholly owned subsidiary of Liberty Holdings, where he was the Managing Director frin December 2016 where he crafted and led the strategic turnaround of the business.
Prior to joining Stanlib, Nkoregamba served as the Chief Executive of SBG Securities Limited, a member of the Nairobi, Uganda and Rwandan Securities Exchanges since January 2009.
He led the re-positioning of the business into a top tier regional investment bank.
During his tenure at SBGS he was routinely ranked as the top broker on the three regional exchanges.
He was also a key member of numerous landmark transactions, including Stanlib Fahari I-Reit Initial Public Offering on the Nairobi Securities Exchange (2015), the Tanzania Breweries Limited Public Offer on the Dar es Salaam Securities Exchange (2011), the Kenya Airways Rights Issue on the Nairobi Securities Exchange (2011/2012) and the UMEME Initial Public Offering on the Uganda Securities Exchange (2012-2013) amongst many others.
The business leader also served as the Chief Executive Officer of the Nairobi Securities Exchange (NSE) from 2005 to 2008.
While at NSE, Nkoregamba led the implementation of the Automated Trading System that contributed to the largest trading expansion.
Nkoregamba also over saw 12 new equity listings and numerous debt listings during this period. This included the high profile listings of Kengen and Safaricom.
Nkoregamba replaces Rose Mambo, who left the corporation in September 2019 after a 12- year tenure at the helm of the company.
The board is confident that with his rich career in the capital markets and diverse leadership experience he will steer CDSC to greater business heights.
Hilda Njeru who has been the acting CEO since October 2019, will continue to hold fort until Mwebesa assumes office.