In a statement sent to newsrooms today, Capital Markets Authority has announced that Peter Muthaura will step down as CEO next year.
Mr Muthaura decided not to renew his contract for a new 4-year term despite the board being satisfied with his performance as CEO, the statement said.
The CEO has been with the institution since 2005 and has led it since 2012 when he took over in an acting capacity.
During his tenure as CEO, CMA has been feted as the most innovative capital markets regulator in Africa FOUR times in a row (2015-2018) and for its outstanding contribution to capital markets stability in Africa in 2018.
He is the chairman of The East African Securities Regulatory Authority (EASRA). Nationally, he serves on the boards of the Pension and Insurance Regulators as well as the Vision 2030 delivery board.