Nkoregamba Mwebesa has resigned as the CEO of the Central Depository and Settlement Corporation (CDSC).
Mr. Mwebesa has been at the helm of the company since February 2020.
Nkoregamba Mwebesa is leaving to pursue other career interests, and the CDSC Board of Directors has expressed its appreciation for his leadership and contributions to the company.
In light of Mr Mwebesa’s departure, the CDSC Board of Directors has appointed Mr Jesse Kagoma as the new Chief Executive of the Corporation, effective September 1, 2023.
Mr. Kagoma has been with CDSC since May 2018, serving as the General Manager of Business Support Services and CFO until his appointment as Chief Executive.
Mr Kagoma brings a wealth of experience to his new role, with over 19 years of experience in financial reporting, business turnarounds, strategy formulation and execution, business valuations, balance sheet restructuring, merger and acquisitions processes, budgetary controls, financial planning, investment funds management, and tax planning.
He holds a Master’s in Business Administration (Finance) from the University of Nairobi and a Bachelor of Business Management (Finance and Banking) from Moi University.
He is also a Certified Public Accountant and a member of the Institute of Certified Public Accountants of Kenya (ICPAK).
The Central Depository and Settlement Corporation (CDSC) is a leading provider of clearing and settlement services in the Kenya markets.
CDSC provides a range of services to its clients, including clearing and settlement of securities transactions, safekeeping of securities, and the facilitation of securities borrowing and lending.