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Purpose:
The Executive Council comprises all of the FMA members with Jonathan Stichbury, MD & CEO, Sanlam Investments East Africa as Chair and Rebecca Tiba, General Manager, Madison Investment Managers as Vice Chair.
The FMA Executive Council 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 |
Patrick Kariuki (Chair) | GenAfrica Asset Management | Managing Director |
Anthony Mwithiga (Vice Chair) | Old Mutual Investment Group | Chief Executive Officer |
Daniel Kamau | Fusion Investment Management | Chief Executive Officer |
Edward Wachira | Genghis Capital | Chief Executive Officer |
Einstein Kihanda | ICEA LION Asset Management | Chief Executive Officer |
Elizabeth Irungu | Absa Asset Management | Chief Executive Officer |
Ewart Salins | Apollo Asset Management | Chief Executive Officer |
Jude Anyiko | Britam Asset Managers | Chief Investment Officer |
Humphrey Gathungu | CIC Asset Management | Chief Executive Officer |
Jim Dry | Dry Associates Investment Bank | Chief Executive Officer |
Jonathan Stichbury | Sanlam Investments East Africa | Chief Executive Officer |
Nicholas Ithondeka | Co-op Trust Investment Services | Chief Executive Officer |
Paul Gicheru | NCBA Investment Bank | Chief Investment Officer |
Pius Muchiri | Nabo Capital | Chief Executive Officer |
Rebecca Tiba | Madison Investment Managers | Managing Director |
Simon Ikua | African Alliance Asset Management | Chief Executive Officer |
Victor Odendo | KCB Asset Management | Head & Principal 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:
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:
Member Name | Company |
Rebecca Tiba (Chair) | Madison Investment Managers |
Edward Wachira (Vice Chair) | Genghis Capital |
Einstein Kihanda | ICEA LION Asset Management |
Humphrey Gathugu | CIC Asset Managers |
Jonathan Stichbury | Sanlam Investment East Africa |
Michael Kimondo | Fusion Investment Management |
Patrick Kariuki | GenAfrica Asset Managers |
Samantha Ngeera | Co-op Trust Investment Services |
Simon Ikua | African Alliance Asset Management |
Pius Michiri | Nabo Capital |
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:
Member Name | Company |
Anthony Mwithiga (Chair) | Old Mutual Investment Group |
Elizabeth Irungu (Vice Chair) | ICEA LION Asset Management |
Alex Muthaka | CIC Asset Management |
Bachu Mtsumi | GenAfrica Asset Management |
Dan Gathogo | Sanlams Investment East Africa |
David Kyalo | Old Mutual Investment Group |
George Njunge | Britam Asset Managers |
Kagwiria Nkirote | Apollo Asset Management |
Mark Anthony Ngari | Madison Asset Managers |
Mwenda Rarama | Absa Asset Management |
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:
Member Name | Company |
Ewart Salins (Chair) | Apollo Asset Management |
Daniel Kamau (Vice Chair) | Fusion Investment Management |
Barack Obatsa | ICEA LION Asset Management |
Chris Mugi | Absa Asset Management |
Faith Omoongeh | Sanlam Investments East Africa |
Hilda Njoroge | Co-op Trust Investment Services |
Kevin Nyagah | Old Mutual Investment Group |
Muhwa Chakaya | NCBA Investment Bank |
Steve Biko | GenAfrica Asset Management |
Teresah Marinda | Britam Asset Managers |
Victor Odendo | KCB Asset Management |
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:
Member Name | Company |
Paul Gicheru (Chair) | NCBA Investment Bank |
Spence Dry (Vice Chair) | Dry Associates Investment Bank |
Dominic Njihia | Absa Asset Management |
Elizabeth Mwai | KCB Asset Management |
Eric Karimi | Old Mutual Investment Group |
Esther Chege | Britam Asset Managers |
Esther Muchai | ICEA LION Asset Management |
Gaurang Chavda | Sanlam Investments East Africa |
Lydia Mugo | GenAfrica Asset Management |
Lydia Wangare | Genghis Capital |
Maina Wacieni | African Alliance Asset Management |
Marianne Kinyenje | Madison Investment Managers |
Maryjill Wairimu | Co-op Trust Investment Services |
Mercy Njoroge | Nabo Capital |
Mirriam Kibunja | Apollo Asset Management |
Ruth Ngaruiya | CIC Asset Management |
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:
Member Name | Company |
Samantha Ngeera (Chair) | Co-op Trust Investment Services |
Carolyne Maina | Absa Asset Management |
Brandon Gituku | African Alliance Asset Management |
Kevin Nyangate | Apollo Asset Management |
Mercy Gatukui | Britam Asset Managers |
Melody Kalondu | CIC Asset Management |
Ashley Mganga | Co-op Trust Investment Services |
Winnie Gichuki | Fusion Investment Management |
Martin Odhiambo | GenAfrica Asset Management |
Samuel Muchuku | Genghis Capital |
Sam Githu | ICEA LION Asset Management |
David N Gitau | KCB Asset Mangement |
Evanson Ruwaro | Madison Investment Managers |
Abby Mungai | Nabo Capital |
Joachim Kyalo | NCBA Investment Bank |
Onassis Ndegwa | Old Mutual Investment Group |
Erick Gatua | Sanlams Investment East Africa |