Insurance executive Tom Mulwa has been appointed chairman of the Nairobi Securities Exchange (NSE), succeeding Kiprono Kittony, who left the bourse to take up the same role at Kenya Airways.
Mr Mulwa, who has served as an independent non-executive director on the NSE board since September 2025, will assume the chairmanship on July 13, 2026, following board approval on June 30.
“The board warmly welcomes Mr Mulwa and looks forward to his leadership as the Exchange builds on this strong foundation to deepen Kenya’s capital markets, broaden investor participation and create long-term value for shareholders and the economy,” the NSE said in a public notice to shareholders dated July 2, 2026.
“The changes follow the conclusion of the term of the board chairman and a review of the board’s composition in line with the Exchange’s commitment to strong governance, independence and long-term institutional oversight.”
Mr Mulwa brings more than three decades of experience in the financial services sector.
He is among the founders of Liaison Group, which he joined in 1991. He has served as the company’s chief executive since 1999, overseeing its growth from a local insurance brokerage into a regional non-banking financial services group with operations in Uganda, Tanzania, Rwanda and South Sudan.
He also chairs Kenya National REIT, a public-private sector initiative for socio-economic transformation.
Mr Mulwa serves on the council of the Association of Pension Trustees and Administrators of Kenya and was appointed to the National Investment Council by President William Ruto in 2022.
He holds a Bachelor of Commerce degree from the University of Nairobi and a Master of Business Administration from the University of Leicester. He is also a Fellow of the Global Risk Management Institute (RIMS Fellow).
