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Pensions regulator kicks off search for chief executive

Edward Odundo. file photo | nmg
Edward Odundo. file photo | nmg 

The Retirement Benefits Authority (RBA), which oversees the operations of the Sh1 trillion pensions industry, has kicked off the search for a substantive head.

The RBA board has invited applications for the position of chief executive officer to replace Edward Odundo who left in March after serving for 16 years.

Dr Odundo, now director at School of Pension and Retirement Studies, is credited for growing the pensions industry from Sh50 billion and giving Kenya a global presence when he was appointed the President of the International Organisation of Pension Supervisors during his term in office.

Nzomo Mutuku has been acting CEO since April 1 after he was recalled from the Treasury where he had been seconded as director for financial and sectoral affairs in an acting capacity.

Mr Mutuku was previously chief manager for research and development at RBA for 12 years, where he joined from Central Bank of Kenya’s research department.

The RBA board said in a statement the prospective candidate should, among other qualifications, have at least 10 years’ managerial experience in retirement benefits, accounting, finance, insurance or the banking sectors.

“The office of the chief executive also coordinates the Authority’s compliance programmes in line with statutory requirements, including development and implementation of accountability and performance contracts,” the RBA said.

The board is also seeking to appoint a new chief manager for internal audit and risk management, a position last held by Elizabeth Waruingi.  
Applications for both positions close on January 12.