The Nairobi Securities Exchange (NSE) has appointed Tom Mulwa as the new Chairman of its Board, marking a leadership transition at the bourse as Kiprono Kittony retires after six years of service.
Mulwa will assume the role on July 13, 2026, succeeding Kittony, whose tenure as Chairman and Independent Non-Executive Director comes to an end.
In a statement issued on Thursday, the NSE said the changes follow a review of the Board’s composition in line with the Exchange’s commitment to strong corporate governance, board independence and long-term institutional oversight.
Kittony, who has chaired the Board since July 2020, exits after overseeing a period of notable growth and transformation at the Exchange.
During his tenure, the NSE ended an 11-year initial public offering (IPO) drought, introduced new investment products aimed at expanding retail investor participation and spearheaded the implementation of the Exchange’s 2025–2029 strategic plan.
The Board said his leadership also helped strengthen the NSE’s standing among Africa’s top-performing stock exchanges.
“During Kittony’s tenure, the NSE recorded significant milestones, including ending an eleven-year IPO drought, introducing innovative products to expand retail investor participation, and driving the implementation of the Exchange’s ambitious 2025–2029 strategy,” the Board said.
Mulwa joins the chairmanship with more than 30 years of experience in the financial services industry. He was appointed to the NSE Board as an Independent Non-Executive Director in September 2025 and currently serves as the Chief Executive of Liaison Group.
His professional expertise spans risk and insurance, pension and health administration, and investment advisory.
Beyond the NSE, he chairs Kenya National REITs, serves as a council member of the Association of Pension Trustees and Administrators of Kenya (APTAK), and is a member of the National Investment Council.
The NSE Board expressed confidence that Mulwa’s experience will help steer the Exchange through the next phase of its strategic agenda as it seeks to deepen Kenya’s capital markets and attract more investors.
“The Board warmly welcomes Mulwa and looks forward to his leadership as the Exchange builds on this strong foundation to deepen Kenya’s capital markets, broaden investor participation and create long-term value for shareholders and the economy,” the statement said.
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