Capital Markets

CMA’s Muthaura to head regional securities body


CMA chief executive Paul Muthaura. FILE PHOTO | NMG

The Capital Markets Authority chief executive Paul Muthaura has been appointed chairman of the Africa and Middle-East Regional Committee (AMERC), an organisation comprising the world’s securities regulators, for a period of three years.

Mr Muthaura takes over from Securities and Exchange Commission boss of Nigeria.

AMERC is one of the four regional committees constituted by the International Organisation of Securities Commissions (IOSCO) to focus on regional issues related to securities regulations in the African and Middle-East regions.

Following the appointment, Mr Muthaura has also taken up a seat on the Growth and Emerging Markets Steering Committee (GEMSC) charged with representing interests of more than 75 per cent of the membership of IOSCO.

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It covers the spectrum of the most developed emerging markets including the Brazil, Russia, India, China and South Africa to frontier and nascent markets.

Mr Muthaura said 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.

“I look forward to partnering with my elected AMERC colleagues and the wider GEMC leadership and IOSCO board to continue to lift the visibility and impact of IOSCO and AMERC within that wider context,” said Mr Muthaura.