Peter Mwangi

Last updated

Peter Mwangi
Born
Peter Mwangi

1970 (age 52–53)
Kenya
NationalityKenyan
Alma mater University of Nairobi
(Bachelor of Science in Electrical Engineering)
Certified Public Accountants of Kenya
(Certified Public Accountant)
Occupation(s)Engineer, Accountant & Business executive
Years active2000 – present
Title Group Managing Director & Group CEO
UAP Old Mutual Group

Peter King'ori Mwangi is an electrical engineer, accountant and business executive in Kenya. He is the current Group Managing Director and Group Chief Executive Officer of the UAP Old Mutual Group, the financial services conglomerate, based in Kenya, with subsidiaries in six African countries. [1] [2]

Contents

Background and education

He was born in present-day Nyeri County, Kenya circa 1970, [1] and attended Kenyan schools for his pre-university education. He obtained a Bachelor of Science in electrical engineering, from the University of Nairobi, graduating in 1993. [3] He is also a certified public accountant and a chartered financial analyst. He a member of the Institute of Certified Public Secretaries of Kenya (ICPSK). [1]

Career

He joined the Kenya Air Force (KAF) at the rank of Lieutenant [4] and a job assignment of a Technical Officer. His job included the development of an ICT strategy and the maintenance of the avionic communication systems at the KAF. [1] He worked there for five years, during which time he was promoted to the rank of Captain. [5]

From 2000 until 2004, he served as Company Secretary and investment manager at ICDC Investment Company Limited, the precursor to Centum Investments. Having served as Acting Managing Director from 2004 until December 2004, Peter Mwangi was confirmed as managing director at the company in December 2004. [1] He continued in his role as the CEO, managing director and investment manager, until 15 October 2008. During his tenure, the company re-branded to "Centum Investment Company Limited'. [1]

When he left Centum, he joined the Nairobi Securities Exchange (NSE), as the chief executive officer in November 2008. [6] His contract was renewed in 2011 but he had to leave the NSE in 2014, because the law allows for a maximum of two consecutive tree-year terms. During his tenure at NSE, the shares of stock of the exchange, were demutualised and sold to the public. [6]

In October 2014, he was appointed the CEO at Old Mutual Kenya, a subsidiary of Old Mutual, the international financial services conglomerate, with headquarters in London, United Kingdom. [7] In June 2015, when Old Mutual decided to merge all its businesses in Kenya under one roof, Peter Mwangi was selected to be the Group Chief Executive of UAP Old Mutual Group. [8]

See also

Other responsibilities

Peter King'ori Mwangi sits on the boards of the following public and private enterprises: [1] 1. UAP Old Mutual Insurance Sudan Limited. 2. Kisii Bottlers Limited 3. Mount Kenya Bottlers Limited 4. Rift Valley Bottlers Limited 5. Eveready Batteries Limited 6. KWAL Holdings Limited 7. Central Depository & Settlement Corporation Limited 8. Funguo Investments Limited. 9. British American Tobacco Kenya Limited 10. Wildlife Works Inc. [1]

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References

  1. 1 2 3 4 5 6 7 8 Bloomberg Research (20 September 2017), Executive Profile of Peter King'ori Mwangi, Group CEO & Executive Director, UAP Old Mutual Group, Bloomberg Research , retrieved 20 September 2017
  2. ↑ Nation Reporter (30 June 2015). "Former NSE boss Peter Mwangi named CEO of UAP-Old Mutual Group". Daily Nation . Nairobi. Retrieved 20 September 2017.
  3. ↑ Kiarie, Lillian (5 August 2014). "Why public is being offered a piece of Nairobi Securities Exchange". The Standard (Kenya) . Nairobi. Retrieved 20 September 2017.
  4. ↑ Douglas, Kate (17 April 2015). "Meet the Boss: Peter Mwangi, CEO, Old Mutual Kenya". How We Made It In Africa. Retrieved 20 September 2017.
  5. ↑ BDAfrica Reporter (4 February 2015). "Old Mutual head Peter Mwangi joins BAT board". Business Daily Africa (BDAfrica). Nairobi. Retrieved 20 September 2017.
  6. 1 2 Minney, Tom (10 September 2014). "Nairobi Securities Exchange CEO Peter Mwangi moves to Old Mutual Kenya". Port Louis: African Capital Markets News. Retrieved 20 September 2017.
  7. ↑ BDAfrica Reporter (25 August 2014). "Peter Mwangi named group CEO of Old Mutual Kenya". Business Daily Africa (BDAfrica). Nairobi. Retrieved 20 September 2017.
  8. ↑ Nation Reporter. "Peter Mwangi to head of UAP-Old Mutual merger firm". Daily Nation . Nairobi. Retrieved 20 September 2017.
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