Kestrel picks new CEO in wake of KenolKobil insider trading probe

Kestrel Capital has appointed Francis Maina Mwangi as its new chief executive. PHOTO | COURTESY | NMG

Investment bank Kestrel Capital has appointed a new chief executive following the exit of its former chief who was under investigation over insider trading in KenolKobil #ticker:KENO share ahead of the oil marketer’s Sh35 billion takeover deal.

The firm has promoted Mr Francis Maina Mwangi to CEO position after Andre DeSimone quit the job last month following the Capital Markets Authority (CMA) inquiry into insider trading allegations.

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