The Capital Markets Authority (CMA) has a new boss.
Mr. Keith Kalyegira has been appointed as the new Chief Executive Officer of the Authority, replacing Mr. Japheth Katto, the founding CEO who retires at the end of this year after 16 years in the position.
Mr. Kalyegira comes with a wealth of experience in investment management, financial oversight, and regulatory affairs. He has worked in various capacities in both the public and private sectors as the Head of Parastatal Monitoring in the Public Enterprise Reform and Divestiture project under the Ministry of Finance.
He has also worked at Uganda’s National Social Security Fund as the Chief Investment Officer; with Royal Dutch / Shell Group in Uganda and South Africa in various finance and management positions; and as the Managing Director of First Renaissance Securities.
Over the last two years, he has worked as a consultant on various business and infrastructure financing projects in the region.
He has represented the Ministry of Finance, Planning and Economic Development on boards of several Public Enterprises including the New Vision, and has been a trustee on several public and private sector retirement benefit schemes. He also previously served on the Uganda Securities Exchange Governing Council.
Mr. Kalyegira holds a B.Com (Accounting) from Makerere University, an MBA from the University of Cape Town’s Graduate School of Business and is a member of the Institute of Chartered Secretaries and Administrators.
Responding to the appointment, the CMA Board Chairman, Mr. Grace Jethro Kavuma welcomed the new CEO and pledged the Board’s support to ensure that the market grows to greater heights and the Authority continues to be well governed.
The outgoing CEO, Mr. Japheth Katto said, “Given his vast experience in the private and public sectors, and particularly the capital markets, I have no doubt that Keith will take Uganda’s capital market to the next level.”
“He understands the industry and the environment in which it operates extremely well and I wish him all the best”, Katto added.
