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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 | Position | Company |
Simon Ikua | Member | African Alliance Asset Management |
Ewart Salins | Member | Apollo Asset Management |
Jude Anyiko | Member | Britam Asset Managers |
Paul Gicheru | Member | NCBA Investment Bank |
Stanley Mutuku | Vice Chair | CIC Asset Management |
Nicholas Ithondeka | Member | Co-op Trust Investment Services |
Spence Dry | Member | Dry Associates Investment Bank |
Daniel Kamau | Member | Fusion Investment Management |
Edward Wachira | Member | Genghis Capital |
Patrick Kariuki | Chair | GenAfrica Asset Management |
Einstein Kihanda | Member | ICEA LION Asset Management |
Rebecca Tiba | Member | Madison Investment Managers |
Eric Karimi | Member | Old Mutual Investment Group |
Jonathan Stichbury | Past Chair | Sanlam Investments East Africa |
Anthony Mwithiga | Member | Absa Asset Management |
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 | Position/Job Title |
Simon Ikua | African Alliance Asset Management | CEO |
Jude Anyiko | Britam Asset Managers | CEO |
Stanley Mututu | CIC Asset Management | CEO |
Samantha Kibuga | Co-op Trust Investment Services | Head, BD & Client Service |
Michael Kimondo | Fusion Investment Management | Executive Director Asset Management |
Patrick Kariuki | GenAfrica Asset Managers | MD |
Edward Wachira | Genghis Capital | CEO |
Einstein Kihanda | ICEA LION Asset Management | Chief Executive Officer |
Rebecca Tiba | Madison Investment Managers | Managing Director |
Jonathan Stichbury | Sanlam Investment East Africa | 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:
Member Name | Company | Position/Job Title |
Anthony Mwithiga | Old Mutual Asset Management | Managing Director |
Kagwiria Nkirote | Apollo Asset Management | Portfolio Manager |
George Njunge | Britam Asset Managers | Portfolio Manager |
Alex Muthaka | CIC Asset Management | Portfolio Manager |
Mark Anthony Ngari | Co-op Trust Investment Services | Senior Research Analyst |
Bachu Mtsumi | GenAfrica Asset Management | Senior Investment Manager |
Elizabeth Irungu | ICEA LION Asset Management | GM – Business Development & Client Relations |
Mwenda Rarama | NCBA Investment Bank | Senior Investment Manager |
David Kyalo | Old Mutual Investment Group | Portfolio Manager |
Dan Gathogo | Sanlams Investment East Africa | Portfolio Manager |
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 | Position/Job Title |
John Kihara | Absa Asset Management | CIO |
Hilda Njoroge | Co-op Trust Investment Services | Property Investment Manager |
Daniel Kamau | Fusion Investment Management | Chief Executive |
Steve Biko | GenAfrica Asset Management | Investment Manager |
Barack Obatsa | ICEA LION Asset Management | Chief Investment Officer |
Steven Maleche | NCBA Investment Bank | Senior Investment Manager |
Kevin Nyagah | Old Mutual Investment Group | Portfolio Manager |
Ewart Salins | Apollo Asset Management | CEO |
Faith Omoongeh | Sanlam Investments East Africa | Assistant Portfolio Manager |
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 | Position/Job Title |
Dominic Njihia | Absa Asset Management | Business Development Manager |
Jackline Onyango | African Alliance Asset Management | Senior Portfolio Manager |
Solomon Maonga | Apollo Asset Management | Investment Executive |
Esther Chege | Britam Asset Managers | Head of Business Operations |
David Gitau | CIC Asset Management | Senior PM And Head Of Business Development |
Maryjill Wairimu | Co-op Trust Investment Services | Fund Administrator |
Spence Dry | Dry Associates Investment Bank | General Manager |
Lydia Mugo | GenAfrica Asset Management | Unit Trust Operations Lead |
Lydia Wangare | Genghis Capital | Investment dealer |
Esther Muchai | ICEA LION Asset Management | Senior Portfolio Manager |
Isaac Kamau | Madison Investment Managers | Investment Manager |
Paul Gicheru | NCBA Investment Bank | CIO |
Eric Karimi | Old Mutual Investment Group | Portfolio Manager |
Gaurang Chavda | Sanlam Investments East Africa | Head – Unit Trust Distribution |
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 | Position/Job Title |
Hannah Kihenjo | Absa Asset Management | Wealth Manager |
Rose Limo | African Alliance Asset Management | Business Developement Manager |
Brandon Gituku | African Alliance Asset Management | Client Liaison Officer |
Kevin Nyangate | Apollo Asset Management | Investment Dearler |
Mercy Gatukui | Britam Asset Managers | Portfolio Manager |
Cecilia Makali | CIC Asset Management | Fund Administrator |
Cynthia Chebii | Co-op Trust Investment Services | Operations Officer |
Winnie Gichuki | Fusion Investment Management | Compliance & Money Laundering Reporting Officer |
Martin Odhiambo | GenAfrica Asset Management | Investment Dealer |
Samuel Muchuku | Genghis Capital | Senior Finance |
Muthoni Muuo | ICEA LION Asset Management | Portfolio Manager |
Bernard Kipkemei | Madison Investment Managers | Assistant Manager – Operations |
Elizabeth Mwalimo | NCBA Investment Bank | Investment Manager |
Angeline Waudo | Old Mutual Investment Group | Client Relations Officer |
Erick Gatua | Sanlams Investment East Africa | Senior Financial Accountant |