The Board of Directors of Retirement Benefits Authority wish to inform the public that the term of Dr Edward Odundo, the current Chief Executive Officer of RBA, has come to an end and has subsequently appointed Mr Nzomo Mutuku as the Acting Chief Executive Officer with effect from April 1, 2017.

 

The Board Chairman Victor Pratt made the announcement during a staff briefing session and thanked Dr Odundo for diligent service to the pension industry. Dr Odundo is credited for growing the industry from Ksh50 billion to Ksh1 trillion and giving Kenya global presence when he served as the president of the International Organisation of Pension Supervisors (IOPS) since 2012 to date.

“On behalf of the Board, I would like to thank Dr Odundo for his invaluable leadership and commitment to RBA,” Mr Pratt said. “We have witnessed tremendous growth in the industry during his tenure and he leaves a strong foundation that will spur this country’s economic development. We wish him well as he moves to pursue other interests.”

Mr Mutuku was on secondment to The National Treasury as the Acting Director Financial and Sectoral Affairs where he was charged with financial sector development including financial inclusion, efficiency and stability as well as sectoral policy issue including regional integration and climate finance. Prior to his secondment, Mr Mutuku was the Chief Manager, Research and Development at RBA for over 12 years having previously worked in the Research Department of the Central Bank of Kenya.

Mr Pratt expressed confidence that Mr Mutuku will provide leadership and strategic vision to keep RBA and the pensions industry ahead of today’s rapid pace of change and innovation. “As a Board we believe Mr Mutuku’s strong technical skills and the respect he commands across the industry is crucial for his new role and further growth to the next level,” he said.