CMA Ceo Paul Muthaura Appointed Chairman for Africa & Middle East Committee of Global Standard Setter
The Capital Market Authority (CMA) Kenya Chief Executive, Mr. Paul Muthaura, has been appointed Chairman of the Africa and Middle-East Regional Committee (AMERC) of the International Organization of Securities Commissions (IOSCO) for the term 2018-2020. This follows his various appointments to the IOSCO Board in different capacities since September 2014. IOSCO is the premiere reference point for securities regulation and standard setting for the global capital markets regulatory community.
With his election as the Regional Chairman, Mr. Muthaura also took up a seat on the Growth and Emerging Markets Steering Committee (GEMSC) which is charged with representing the interests of more than 75 percent of the membership of IOSCO covering the spectrum of the most developed emerging markets including the BRICS (Brazil, Russia, India, China and South Africa) to frontier and nascent capital markets. The Africa Middle East Region includes a number of significant emerging capital markets including Saudi Arabia, South Africa, Nigeria, Egypt, Kuwait, Dubai Financial Centre and Morocco. Mr. Muthaura takes over the chairmanship from the long serving Securities and Exchange Commission of Nigeria.
While accepting his appointment to this post, Mr. Muthaura noted that “With Africa and the Middle East representation to the IOSCO Board at an all-time high, AMERC has an unparalleled opportunity to influence and inform the work of IOSCO”.