East Africa Securities Exchange

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Nairobi, Kenya, March 21, 2022: Appointment of EABX Chief Executive Officer

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

Terrence 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). 

‘We are very pleased to have Terry join us and we know he is the right leader for EABX,’ said Kihara Maina, EABX’s Chairman of the Board. “He brings to the Company the right mix of experience, skills and mindset to launch the Exchange and drive the growth we foresee for the company in the regions fast-developing Financial Markets.  

‘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. 

Terry 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). 

About The EABX

EABX Public Limited Company (EABX) is a newly incorporated company whose purpose is to establish and operate an over- the-counter securities exchange. As a market organizer, EABX will serve the dual roles of a self-regulatory organization, providing frontline regulation of market conduct, and provision of a trading and trade reporting platform that will enhance transparency, safety, liquidity and the deepening of the domestic debt market. EABX is sponsored by the Kenya Bankers Association (KBA) and the National Treasury, Kenya with technical support of FSD Africa.