Paul Muthaura

Non-Executive Director

Paul holds a Bachelor of Laws from the University of Warwick, a Masters in Banking and Finance Law from the London School of Economics and Political Science and a Master of Philosophy from the Maastricht School of Management. He is an Advocate of the High Court of Kenya and an Honorary Fellow of the Institute of Certified Public Secretaries of Kenya (ICS-K). Paul is also an Academy of Executive Coaching (AoEC) Certified Executive Coach. He is an independent consultant supporting on one hand, the development of capital markets in emerging African jurisdictions; On the other hand, he drives the twinning of realizable transitions to greater resilience, inclusion and carbon neutrality with the stimulation of economic value in developing economies.

He is the Africa Chair for the Impact Infrastructure Commission; a Board Member of ICEA LION Asset Management; an Independent Board Member of the International Ethics Standards Board for Accountants (effective January 2023); an Independent Member of the Financial Sector Deepening Trust, Kenya; and a Member of the Securities Advisory Board of the Toronto Centre for Global Leadership in Financial Supervision.

He has previously been the Chief Executive Officer of ICEA LION General Insurance Kenya, the first African member of the Financial Stability Board TCFD insurer pilot group. Prior to that, he was the Chief Executive of the Capital Markets Authority of Kenya. In his term at CMA, he was the Africa and Middle East Regional Committee Chair on the Board of the International Organization of Securities Commissions (IOSCO); Chairman of the Consultative Committee of the East African Securities Regulatory Authorities; and a member of the Financial Stability Board (FSB) Regional Consultative Group for Sub-Saharan Africa.

In December 2017, Paul was awarded the National Honor of the Order of the Moran of the Burning Spear (MBS) by His Excellency the President of the Republic of Kenya for his services to the development, deepening and reform of the capital markets in Kenya.