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CMA CEO: If you were Githae, whom would you pick?
Rank: Member Joined: 4/20/2012 Posts: 888
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Wanjiku Mugane it is......The other two are far off the mark. Those who choose the other two need to see her resume...so impressive, she has what it takes to make solid contribution to Capital markets development.
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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ENTER POLITICAL EQUATION:
You know how the Kibaki administration has been attacked for the apparently filling senior position in the finance sector with Kikuyus?
Do you think that Githae might take that into consideration and give a few extra points to Lumumba simply on the basis of being non-Kikuyu?
Githae is a politician, you know!
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Rank: Member Joined: 5/4/2011 Posts: 116
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I would go for Paul Mwai He is Solid and grounded "Children today are tyrants. They contradict their parents, gobble their food, and tyrannize their teachers."
•Socrates (470?-399 BC)
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Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai
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I feel that I must respond on why Mwai is unsuitable for the position;
The position requires the following;
1) Someone who will reign in rogue stock brokers, investment banks and make sure that shareholders of listed companies are protected (what if AIB is the rogue investment bank that Paul has to reign in?)
2) Loosen the hold on the NSE by the few families that run the stock brokerages by ensuring that its demutualised. Entrenched interests have delayed demutualisation for as long as possible.
3) Deepen the capital markets and come up with new products (otherwise Kenyans will forever invest their money on pyramid schemes).
4) Police the listed entities to make sure that financial reporting is above board and that good corporate governance is adhered to.
All the 4 matters are very important to us as investors.
There is no denying that Mwai has academic qualifications and some good experience but so does Wanjiku Mugane. Unfortunately Mwai is a paper tiger and does not have the clout required to exert independence when pressurised by the big boys.
Again, as the purveyor of good corporate governance, best practice demands that Paul has a 'cooling off' period of at least 3 years during which he should not have worked for any of the supervised institutions before joining the CMA.
As it is, there would be conflicts of interest if Paul left an investment bank to go head CMA and continue supervising the same investment bank. He would be preaching water and drinking chang'aa.
Mugane it is.
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Rank: Elder Joined: 5/24/2007 Posts: 1,805
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The regulator is a no no for me. Paul was good until someone mentioned AIB. That leaves only Wanjiku Mugane. I Think Therefore I Am
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Rank: Member Joined: 7/11/2008 Posts: 401
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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If you were Githae, who would you pick?Who is Githae, I believe he is H.E.Emilio Mwai Kibaki's shadow.
So who would Mutufu Rais anoit. Ms. Rose Lumumba. Kazi Iendelee and all that.
At that point, the well known challade would commence. (Get yourself some pop corn).
The other nusu mkate would posit not being consulted. A court case would ensue and or a committee would be formed to vet the applicants after nullification of the Presidential appointment.
Now the real fun would begin (more pop corn please) applicant A did not complete making HELB payments, Applicant B failed form Four and did not repeat. Applicant C does not show passion for the job applied for.Come on ladies and gentlemen, This is Africa (Kenya) (TIA)!! Think like Kenyans. And jimbu swali ulivio ulizwa and not answering what you know (or wish for).
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Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai
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aemathenge wrote:If you were Githae, who would you pick?
Who is Githae, I believe he is H.E.Emilio Mwai Kibaki's shadow.
So who would Mutufu Rais anoit. Ms. Rose Lumumba. Kazi Iendelee and all that.
At that point, the well known challade would commence. (Get yourself some pop corn).
The other nusu mkate would posit not being consulted. A court case would ensue and or a committee would be formed to vet the applicants after nullification of the Presidential appointment.
Now the real fun would begin (more pop corn please) applicant A did not complete making HELB payments, Applicant B failed form Four and did not repeat. Applicant C does not show passion for the job applied for.
Come on ladies and gentlemen, This is Africa (Kenya) (TIA)!! Think like Kenyans. And jimbu swali ulivio ulizwa and not answering what you know (or wish for). The CMA boss is not a constitutional office so consultation is not an issue.
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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accelriskconsult wrote:[The CMA boss is not a constitutional office so consultation is not an issue. The fun begins. Next opinion please. Looks like I am going to need more pop corn than I thought.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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They should pick me...  possunt quia posse videntur
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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maka wrote:They should pick me... Which one are you on the short-list?
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Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya
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aly khan satchu  if caro mutoks can be KTDC chair then why not AKS. we need passion for this seat and the only person who eats and sleeps stocks is him the rest are mere journey men in search of a paycheque, AKS can even do it for free I may be wrong..but then I could be right
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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digitek1 wrote:aly khan satchu if caro mutoks can be KTDC chair then why not AKS. we need passion for this seat and the only person who eats and sleeps stocks is him the rest are mere journey men in search of a paycheque, AKS can even do it for free Why are people suggesting names that are not on the short list?
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Rank: Member Joined: 9/11/2007 Posts: 54 Location: Bermuda
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Wanjiku Mugane by a mile! When you see clouds gathering, prepare to catch rainwater. - African proverb
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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chiaroscuro wrote:digitek1 wrote:aly khan satchu if caro mutoks can be KTDC chair then why not AKS. we need passion for this seat and the only person who eats and sleeps stocks is him the rest are mere journey men in search of a paycheque, AKS can even do it for free Why are people suggesting names that are not on the short list? In any case CMA is beyond only stocks and investments Thieves
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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@chiaroscuro...we are picking names that arent on the shortlist coz non of them deserves the job,capital markets worldwide have evolved immensely non of the candidates has the capacity to bring the much needed change... possunt quia posse videntur
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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maka wrote:@chiaroscuro...we are picking names that arent on the shortlist coz non of them deserves the job,capital markets worldwide have evolved immensely non of the candidates has the capacity to bring the much needed change... This sounds like the case of Njooroo, my classmate in university. When he found an exam question too difficult, he'd change it to an easier one and then write the answer to his simplified question... used to drive lecturers up the wall. Needless to say, Njooroo was "disco-ed" in second year! It's also similar to voting for a candidate whose name is not on the ballot paper! Needless to say; your vote will be classified as "SPOILT"
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Rank: Veteran Joined: 11/29/2007 Posts: 948
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Mary Citizen wrote:I'd pick Paul Mwai, he has a multi-faceted experience having worked at Barclays, African Alliance and a Stock brokerage firm. We need a hands -on CEO like him who understands all aspects of the Capital Market & stakeholders opportunity/challenges. The rest of the candidates have one line of experience only. Rose is a regulator only! Wanjiku is an Investment banker only! Pick Paul Mwai, Hon Githae, Kenya won't regret it! The dude has only been a fund manager all through!!....a short stint as a broker!! Wanjiku it is
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:@chiaroscuro...we are picking names that arent on the shortlist coz non of them deserves the job,capital markets worldwide have evolved immensely non of the candidates has the capacity to bring the much needed change... ...need i say more. possunt quia posse videntur
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Rank: Veteran Joined: 7/8/2008 Posts: 947
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chiaroscuro wrote:
Why are people suggesting names that are not on the short list?
They are Kenyans what more do you expect?
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CMA CEO: If you were Githae, whom would you pick?
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