The Nairobi Securities has said that its chief executive officer, Peter Mwangi will step down from office effective November 23 when his tenure expires.
NSE said he was appointed to the helm in November 2008 on a three year contract, which was extended in November 2011 for another term of three years.
"I am tremendously honored to have steered the exchange. I believe that the organization is in a position of strength, relevance, and influence in order move to the next level of achievement and impact," Mwangi said.
The current Capital Markets Authority regulations require that a CEO of an exchange to only serve for two terms. The NSE said Mwangi has been instrumental in its demutualization and impending self listing through an initial public offering.