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Purpose:
The FMA Executive Council comprises all of the FMA members and meets at least four times a year to:
Membership:
Each FMA member is represented on the FMA Executive Council through its CEO (or equivalent).
Current Members:
Member Name | Company | Position/Job Title |
Elizabeth Irungu | Absa Asset Management | Chief Executive Officer |
Simon Ikua | African Alliance Asset Management | Chief Executive Officer |
Ewart Salins | Apollo Asset Management | Chief Executive Officer |
George Njunge | Britam Asset Managers | Team Leader |
Nicholas Ithondeka | Co-op Trust Investment Services | Chief Executive Officer |
Humphrey Gathungu | CIC Asset Management | Chief Executive Officer |
Jim Dry | Dry Associates Investment Bank | Chief Executive Officer |
Daniel Kamau | Fusion Investment Management | Chief Executive Officer |
Patrick Kariuki | GenAfrica Asset Management | Managing Director |
Edward Wachira | Genghis Capital | Chief Executive Officer |
Einstein Kihanda | ICEA LION Asset Management | Chief Executive Officer |
Victor Odendo | KCB Asset Management | Head & Principal Officer |
Rebecca Tiba | Madison Investment Managers | Managing Director |
Pius Muchiri | Nabo Capital | Managing Director |
Paul Gicheru | NCBA Investment Bank | Chief Investment Officer |
Anthony Mwithiga | Old Mutual Investment Group | Chief Executive Officer |
Jonathan Stichbury | Sanlam Investments East Africa | Chief Executive Officer |
Each of the above also has an appointed alternate who can take their place at meetings when they are not available.
Purpose:
The Internal Committee comprises of the Chair, Vice-Chair and immediate past Chair.
The roles of the Internal Committee shall include but are not limited to:
Current Members:
Name | Company | Position/Job Title |
Anthony Mwithiga (Chairman) | Old Mutual Investment Group | CEO |
Nicholas Itondeka (Vice Chairman) | Co-op Trust Investment Services | MD/CEO |
Patrick Kariuki (Past Chairman) | GenAfrica Asset Managers | Managing Director |
Purpose:
The Stakeholders Committee is a high-level forum that enables members of the FMA review, discuss and interrogate matters concerning stakeholders in the Fund Management industry. These include the following:
Authority:
The SHC is an appointed Committee of the FMA for the purposes described above. The Committee shall Report to the FMA Executive Council.
Objectives:
Membership:
Organisation of the Committee
Governance
Evaluation:
The Executive Council will evaluate the performance of the Committee. The performance of the Committee will be assessed against the accomplishment of yearly objectives/deliverables. This review will take place immediately prior to the Annual General Meeting.
Reporting:
Committee reports will be provided in writing, to the Executive Council (EC) no later than one week following each meeting; a summary report at EC meetings and a final report at the Annual General Meeting (AGM).
Current Members:
Name | Company | Position/Job Title |
Nicholas Ithondeka (Chair) | Co-op Trust Investment Services | MD/CEO |
Chris Mugi | Absa Asset Management | Investment Manager |
Michael Kimondo | Fusion Investment Management | Executive Director Asset Management |
Patrick karikui | GenAfrica Asset Managers | Managing Director |
Edward Wachira | Genghis Capital | Chief Executive Officer |
Einstein Kihanda | ICEA LION Asset Management | CEO |
Rebecca Tiba | Madison Investment Managers | MD |
Joseph T Kabochi | NCBA Investment Bank | Senior Investment Manager |
John Kihara | Old Mutual Investment Group | Senior Portfolio Manager |
Jonathan Stichbury | Sanlam Investments East Africa | CEO |
Pauline Ndirangu | FMA | Secretariat |
Fred Mburu | FMA | CEO |
Purpose:
The Public Markets Committee (PMC) provides a senior-level forum to enable FMA membership, discuss and interrogate issues concerning the Kenyan Securities Markets with specific focus on assets classes in the Public Market. The institutions involved being the Nairobi Securities Exchange, Capital Markets Authority, Central Bank, National Treasury and the Central Depository & Settlement Corporation.
Authority:
The PMC is an appointed Committee of the FMA for the purposes described above. The Committee shall Report to the FMA Executive Council.
Objectives:
Area of Responsibility:
The PMC will be responsible for providing advice to members on the following key areas within Public Markets. They are:
Membership:
Organisation of the Committee:
Governance:
Evaluation
The Executive Council will evaluate the performance of the Committee. The performance of the Committee will be assessed against the accomplishment of yearly objectives/deliverables. This review will take place immediately prior to the Annual General Meeting.
Reporting
Committee reports will be provided in writing, to the Executive Council (EC) no later than one week following each meeting; a summary report at EC meetings and a final report at the Annual General Meeting (AGM).
Current Members:
Name | Company | Position/Job Title |
Elizabeth Irungu (Chair) | Absa Asset Management | CEO |
Mwenda Rarama | Absa Asset Management | CIO |
Kagwiria Nkirote | Apollo Asset Management | Portfolio Manager |
George Njunge | Britam Asset Managers | Senior Portfolio Manager |
Charles Andere | Co-op Trust Investment Services | Portfolio Manager |
Elizabeth Wangeci | GenAfrica Asset Managers | Head of research |
Richard Muriithi | ICEA LION Asset Management | Senior Portfolio Manager |
David Ngugi Gitau | KCB Asset Management | Investment Research Manager |
David Kiruri | NCBA Investment Bank | Investment Manager |
Pius Muchiri | Nabo Capital | Managing Director |
David Kyalo | Old Mutual Investment Group | Portfolio Manager |
Faith Omoongeh | Sanlam Investments East Africa | Portfolio Manager |
Pauline Ndirangu | FMA | Secretariat |
Fred Mburu | FMA | CEO |
Mandate:
The Fund Managers Association (FMA) was formed in 2008 with the objectives of promoting integrity and professionalism in the market, educating members’ employees, clients, intermediaries and other stakeholders as well as effectively lobbying regulators. The committee shall promote and drive industry initiatives that underpin the growth and development of Alternative Investments (AI) to members of the FMA
Key Duties:
Authority:
The Alternative Investments Committee (AIC) is an appointed Committee of the FMA for the purposes described above. The Committee shall Report to the FMA Executive Council.
Term:
Two year term, renewable with a 50% retention.
Areas of Responsibility:
The AIC will be responsible for providing advice to members on the following key areas within AI. They are:
Composition:
Membership shall consist of a chairman who was elected during the FMA Executive Council Meeting, a Vice-Chairman and a maximum of eight other members. Each member firm of the FMA shall nominate one member and the chairman shall invite members to the committee from the seconded parties. The FMA Secretariat shall serve as the Sub-Committee Secretary.
Term:
Two year term renewable with a 50% retention.
Meetings:
The Committee shall meet quarterly and additionally as required. Notice of meetings shall be given to all Committee members. Meetings may be held in person or via teleconference. A majority of the voting members of the Committee shall constitute a quorum for a meeting. Decisions shall be made through a majority vote of members present in a meeting.
Evaluation:
The Executive Council will evaluate the performance of the Committee. The performance of the Committee will be assessed against the accomplishment of yearly objectives/deliverables. This review will take place immediately prior to the Annual General Meeting.
Reporting:
Committee reports will be provided in writing, to the Executive Council (EC) no later than one week following each meeting; a summary report at EC meetings and a final report at the Annual General Meeting (AGM).
Current Members:
Name | Company | Position/Job Title |
Ewart Salins (Chair) | Apollo Asset Management | Chief Executive Officer |
Jacqueline Thuku | Absa Asset Management | Investment Analyst |
Maina Wacieni | African Alliance Asset Management | CIO |
Baiju Shah | Apollo Asset Management | Research Analyst |
Teresah Marinda | Britam Asset Managers | Property Investment Manager |
Kennedy Chege | CIC Asset Management | Senior Investment Analyst |
Andrew Muiyuro | Co-op Trust Investment Services | Portfolio Manager |
Vincent Nderitu | Fusion Investment Management | Senior Investment Mger – Real Estate & Infrastructure |
Steve Biko | GenAfrica Asset Managers | Chief Investment Officer |
Edward Wachira | Genghis Capital | Chief Executive Officer |
Judd Murigi | ICEA LION Asset Management | Head of Research |
Katipe Damitha Pathmalal | Nabo Capital | Chief Investment Officer |
Daniel Ndungu | NCBA Investment Bank | Senior Investment Manager |
Kevin Nyagah | Old Mutual Investment Group | Portfolio Manager |
Yvonne Munyambu | Sanlam Investments East Africa | Portfolio Manager |
Pauline Ndirangu | FMA | Secretariat |
Fred Mburu | FMA | CEO |
Purpose:
The Collective Investment Schemes Committee (CISC) is a forum that enables members of the FMA review, discuss and interrogate matters concerning the Collective Investment Schemes industry.
These include the following:
Authority:
The CISC is an appointed Committee of the FMA for the purposes described above. The Committee shall Report to the FMA Executive Council.
Objectives:
Membership:
Organisation of the Committee
Governance
Evaluation:
The Executive Council will evaluate the performance of the Committee. The performance of the Committee will be assessed against the accomplishment of yearly objectives/deliverables. This review will take place immediately prior to the Annual General Meeting.
Reporting:
Committee reports will be provided in writing, to the Executive Council (EC) no later than one week following each meeting; a summary report at EC meetings and a final report at the Annual General Meeting (AGM).
Current Members:
Name | Company | Position/Job Title |
Paul Gicheru (Chair) | NCBA Investment Bank | Chief Investment Officer |
Ruth Ngaruiya | CIC Asset Management | Strategy & customer success Manager |
Humphrey Gathungu | CIC Asset Management | CEO |
Grace Wathithi | Co-op Trust Investment Services | Business Development Manager |
Spence Dry | Dry Associates Investment Bank | General Manager |
Mary Mankone | Fusion Investment Management | HR, Legal and Compliance officer |
Lydia Wangare | Genghis Capital | Investment dealer |
Elizabeth Mwai | KCB Asset Management | Operations Manager |
Victor Odendo | KCB Asset Management | Head & Principal Officer |
MarkAnthony Ngare | Madison Investment Managers | Investment Manager |
Ken Mugira | NCBA Investment Bank | Investment Manager |
Nicholas Sang | Old Mutual Investment Group | Senior Portfolio Manager |
Dominic Njihia | Absa Asset Management | BD Manager |
Brandon Gituku | African Alliance Asset Management | Client Liaison Officer |
Mirriam Kibunja | Apollo Asset Management | Senior Operations Officer |
Esther Chege | Britam Asset Managers | Head Of Operations |
Lydia Mugo | GenAfrica Asset Managers | Unit Trust Operations Lead |
Esther Muchai | ICEA LION Asset Management | Senior Portfolio Manager |
Lilian Mungai | Nabo Capital | Finance & Operations Manager |
Gaurang Chavda | Sanlam Investments East Africa | Head of Retail |
Pauline Ndirangu | FMA | Secretariat |
Fred Mburu | FMA | CEO |
Purpose:
The Corporate Social Responsibility (CSR) & Staff Affairs Committee (CSC) provides a forum to enable FMA membership to participate in Community initiatives along its core values and handle staff related affairs and events. This includes engagements with relevant professional bodies.
Authority:
The CSC is an appointed Committee of the FMA for the purposes described above. The Committee shall Report to the FMA Executive Council.
Objectives:
Area of Responsibility:
The CSC will be responsible for engaging at the staff level in the follow areas:
Membership:
Organisation of the Committee:
Governance:
Evaluation:
The Executive Council will evaluate the performance of the Committee. The performance of the Committee will be assessed against the accomplishment of yearly objectives/deliverables. This review will take place immediately prior to the Annual General Meeting.
Reporting:
Committee reports will be provided in writing, to the Executive Council (EC) no later than one week following each meeting; a summary report at EC meetings and a final report at the Annual General Meeting (AGM).
Members include a staff from every member institution:
Name | Company | Position/Job Title |
Victor Odendo (Chair) | KCB Asset Management | Head & Principal Officer |
Carolyne Maina | Absa Asset Management | BD Officer |
Gladys Mubiri | African Alliance Asset Management | Business Development Manager |
Alain Patrick Cyuzuzo | Apollo Asset Management | Operations Officer |
Daniel Ochillo | Britam Asset Managers | Business Development Executive |
Muthoni Muuo | CIC Asset Management | Portfolio Manager |
Ashley Mganga | Co-op Trust Investment Services | Performance Analyst |
– | Dry Associates Investment Bank | – |
Ruth Muli | Fusion Investment Management | Operations Manager |
Martin Odhiambo | GenAfrica Asset Managers | Dealer |
Samuel Muchuku | Genghis Capital | Senior Finance |
Sam Githu | ICEA LION Asset Management | Head of Sales |
Sheila Akinyi | Madison Investment Managers | Assistant BDM |
Joachim Kyalo | NCBA Investment Bank | Investment Dealer |
Mercy Njoroge | Nabo Capital | CCxO |
Abby Mungai | Nabo Capital | GM, Wealth Management |
Onassis Ndegwa | Old Mutual Investment Group | Head of Business Development Retail & Private Wealth |
Sarah Waheire | Sanlam Investments East Africa | Senior Client Service Officer |
Pauline Ndirangu | FMA | Secretariat |
Fred Mburu | FMA | CEO |