Business

New Regional Fixed Income Exchange Appoints Ex-NSE Executive Terrence Adembesa as CEO

The East African Bond Exchange (EABX), a newly incorporated public limited company whose purpose is to establish and operate an over-the-counter securities exchange (OTC Exchange), has announced that Terrence Adembesa has been named Chief Executive Officer commencing March 2022.

Terrence Adembesa has more than 15 years of senior management experience including over a decade in the development and commercialization of capital markets and products, most recently as Chief Business Officer at the Nairobi Securities Exchange (NSE).

“I am very excited to be joining the EABX team,” said Terrence Adembesa. “As the industry evolves through new technologies and client demands, I believe that the establishment of EABX provides a unique proposition for a new market utility to address the growing financial infrastructure needs of a developing East African regional economy.”

According to the EABX’s Chairman of the Board Kihara Maina, Terrence brings to the Company the right mix of experience, skills and mindset to launch the Exchange and drive the growth.

Terry was a senior leader at the NSE and was responsible for the strategic direction, growth and diversification of annual revenues, having led the development of the Derivatives Market – NeXT, the Growth Enterprise Market Segment (GEMS) the Real Estate Investment Trusts (REITs), the Exchange Traded Funds (ETFs) and the FTSE International Index Series at the NSE.

Before joining the NSE, Terry had held positions at Enablis and at the Co-operative Bank (K).

Terry received a Postgraduate Certificate in Mechanics of Derivatives and Financial Products from Middlesex University, a BBA with Honours in Management from the University of Eastern Africa – Baraton and a Global Executive MBA from the Unites States International University in conjunction with the Frankfurt School of Finance and Management. He is a Member of the Institute of Certified Investment and Financial Analysts (K) and a Member of the Chartered Institute for Securities and Investments (UK).

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