info[at]kasib.co.ke

Board Membership

The board rotates annually. The Board from January 2018 - December 2018 are as follows

Board Members

Mr. Paul Mwai

Paul Wachira Mwai is the Chief Executive Officer of AIB Capital Ltd  Paul has over 20 year experience in Investment banking, having worked in various departments within the Barclays group, including Barclays Merchant Finance Ltd (BMFL) and Barclays Dealing Centre, before joining Barclay-trust Investment Services in 1998 as a Fund Manager. He moved to Old Mutual Asset Managers following the acquisition of Barclay-trust by Old Mutual in October 2002 as a Senior Portfolio Manager and Asset Allocation Strategist. He joined AIB Capital from African Alliance Investment Bank where he was Chief Executive of the Asset Management Company. Paul has the following;

  • MBA – Strathmore Business School
  • Bachelor of Business – University of Southern Queensland
  • Associate of the Chartered Institute of Bankers
  • Investment Management Certificate from UK Society for Investment Professionals 

Mr. Amish Gupta

Amish is an award-winning investment banker who has been involved in securities trading and transaction advisory services in capital markets in Kenya and Eastern Africa for over 16 years. He has completed over 40 transactions valued at over USD600 million (Kshs 50 billion). He has been involved in IPOs, Public Rights Issues, Public Bond Offers, Privatizations, Private Placements, Mergers & Acquisitions, Financial Restructuring, ESOPs and General Financial Advisory. He has trained on Securitizations/PPPs and is currently interested in financing the Mining Industry. He is Director-Investment Banking, Standard Investment Bank Ltd, is a Board Member of Kenya Association of Stockbrokers & Investment Banks. He was involved in the development of the current Kenyan Capital Markets Master Plan. He was previously associated with Renaissance Capital (Kenya) Ltd and SBG Securities Ltd (formerly CFC Financial Services Ltd), Kenya.

 

Mr. Luke M Kinoti

Luke Kinoti.

Ms Nancy Noreh

Nancy Noreh.

Mr John E. Kirimi

Mr. Kirimi B.Com (Hons.), CPA (K), CPS (K), FCCA has served in various senior capacities in both Finance and General Management. He served on the boards of Kenya Commercial Bank and the Motor Trade and Allied Employers Association and is a former Senior Treasurer of the Nairobi University Council, Trustee Nairobi University Pensions Scheme and Chairman of its Investment Committee.

He is executive director of Sterling Capital Ltd.

Mr. Kirimi is the immediate former Chairman of the Kenya Association of Stockbrokers and Investment Banks.

Hon Dennis Waweru

Dennis is the executive authority in the day to day running of Faida Investment Bank. He has over sixteen years experience in Investment Advisory and Portfolio Management. He has been instrumental in ensuring the implementation of various Exchange initiatives that have sustainably grown the Stock Market.

Dennis has been in-charge of portfolio management, Fixed Income and equities and is responsible for building and maintaining institutional and high net worth client relationships. Mr. Waweru oversees the management of the Investment Bank, and heads the marketing and distribution efforts in all public capital markets issues.

He holds an MBA in Strategic Management from Moi University and a Bachelor of Commerce Degree.

Mr Ewart Salins

Mr. Ewart

Mr Donald Wangunyu

Central Depository System Corporate together decided to switch to one standard Broker Back Office System (BBO). In 2010 Donald was appointed to head the BBO Functionality Management team. His team's initial assignment was to produce an industry wide functionality requirement paper to be used in the purchase of the system. With the adoption of the requirements paper and purchase of the system, Donald and his team is now tasked with overseeing all functional additions and modifications to the BBO. 

Previously, Donald worked at Investors Bank and Trust, USA where he was responsible for implementing upload systems for daily transaction tracking on mainframe, running nightly mainframe valuation and payment processing, conducting daily operations processing tasks among other duties. 

Bsc. Computer Science – Suffolk University, USA

Memberships:

  • Head, Common Broker Back Office System Functionality Development team
  • Member, CDSC Markets Operations Committee

Advocacy

Lobbying

Union

Market Growth

Investor Education

Code of Ethics

Investor Protection

Investor Education

  • Partial Delivery : 

    This is when a broker fails to meet his/her part of the contractual obligation to deliver all securities at an agreed upon date. Example; if the investor has placed an order of 1,000 shares, a delivery of 800 shares is a partial delivery.

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  • Extraordinary General Meeting : 

    This is any general meeting other than the annual general meeting called to seek shareholders’ consent on urgent issues. These issues could be the removal of an executive, a takeover, amalgamation, induction of a new director into the board or even large scale borrowing.

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  • Dividend : 

    This is the portion of the listed company’s profits that is paid directly to shareholders. The dividend is usually quoted in shillings per share and is declared and approved at the annual general meeting of the company. The board of directors decides the dividend to be paid out. A listed company is under no legal obligation to pay dividends. It is also referred to as Dividend per Share, DPS.

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  • Privatization : 

    This is when government-owned shareholding in companies is sold off to the private sector. This can be done either through a public offering, or a tender or a private contract. Private ownership of companies tends to increase overall efficiency and this leads to a substantial increase in profits.

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  • Articles of Association : 

    This is a document describing the purpose, place of business and details of a company. Every incorporated company in Kenya by law must have and submit this document to the registrar of companies and work by what it stipulates. The articles of association together with the memorandum of association form the constitution of a company.

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