President William Ruto has officially nominated Gerald Nyaoma Arita to take up the role of the Deputy Governor of the Central Bank of Kenya (CBK).
In a notice on Tuesday, November 12, the president indicated that the nominee is well qualified to take up the role.
Gerald Nyaoma Arita has 36 years of professional experience and is the outgoing Director of the Bank Supervision Department at the Central Bank of Kenya (CBK).
Further, he currently serves on the Board of the SACCO Societies Regulatory Authority as an Alternate Member to the Governor.
Moreover, he has previously held various positions within the Central Bank of Kenya, including Director, Financial Markets Development; Director, Banking Services.
Also, he was previously the Director of the bank Supervision Department; Acting Director, of the Internal Audit Department; Senior Manager, the National Payment Services Division; and Assistant Branch Manager, of the Mombasa Branch, among other roles.
Also Read: Should CBK Introduce Term Limits for Bank CEOs?
Gerald Nyaoma Arita’s Educational Background
The CBK Deputy nominee holds a Masters of Philosophy in Economics, which he acquired from the University of Cambridge in the United Kingdom.
He attained the Kk education under the Commonwealth scholarship.
“He holds a Master of Philosophy (Economics) degree from the University of Cambridge, United Kingdom as a Commonwealth scholar.
Moreover, for his Bachelor’s degree, he studied at the University of Nairobi (UoN), where he got a First Class Honours.
“He is also a Certified Public Accountant (CPA-K), a Certified Secretary (CS), and an Associate of the Kenya Institute of Bankers (AKIB),” the statement added.
Also Read: HELB CEO Among 6 Candidates Shortlisted for CBK Deputy Governor Job
Candidates who Were Nominated for the Position
The Public Service Commission (PSC) shortlisted six candidates for the position.
Among those on the list included Higher Education Loans Board (HELB) Chief Executive Officer Charles Mutuma Ringera, and the former Chief Executive Officer of the Kenya Bankers Association CEO Dr. Habil Okunda Olaka.
Others included Prof. Dulacha Galgallo Barako, Gerald Nyaoma Arita, Jane Wangui Kirigai, and Dr. Florence Koki Kinyanzui.
The successful nominee will join Dr. Susan Koech as the second assistant to Governor Dr. Kamau Thugge.
The Central Bank of Kenya Act, Cap 491 states that there shall be two deputy governors who should be appointed by the President through a transparent and competitive process and with the approval of Parliament.
Follow our WhatsApp Channel and join our WhatsApp Group for real-time news updates.
