Mr. Shamiah has been appointed Acting Chief Executive of the Capital Markets Authority effective 01 January 2020. He was previously the Director of Market Operations.
He has worked at the Authority for over 22 years in various capacities. He has gained wide experience in operations of capital markets. Over the years, he held different positions in different departments, having joined as a research officer, promoted to senior research officer before being appointed senior financial analyst cum internal auditor. He was then promoted to the position of Assistant Manager, Compliance in 2001 before taking on the responsibilities of officer in charge of compliance from 2003 to 2005 during a transition period when the entire senior management and board of the Authority were overhauled. He was then appointed Manager, Market Supervision in 2009 and became the pioneer Director of Market Operations in 2011. He chairs various committees within the Authority including the Technical arm (CnF) and the Regulatory Sandbox Committee. He is a Co-Chair of the Capital Market Master Plan Secretariat.
Mr Shamiah holds a Bachelor’s Degree in Economics and Mathematics from Egerton University and a Master’s in Business Administration (Finance) from the University of Nairobi. He is a Certified Public Accountant of Kenya and a member of the Institute of Certified Public Accountants of Kenya. He received his ICPAK commendation in 2013 as well as ICPAK Fellowship in 2016.
He has served the Kenyan Accountancy Institute in various capacities having been an evaluator during the initial Best Presented accounts awards before being converted to FiRe Awards and sat on the FiRe Awards Technical Committee for various years. He has also served on the ICPAK Innovations Committee in 2003 and Financial Services Committee of ICPAK in 2009, mainly bringing on board developments in capital markets and the financial sector in general. From 2009 he serves on the ICPAK Council representing the Capital Markets Authority. While on Council he has been a member of Research and Development Committee as well as the Audit, Risk and Compliance Committee where he was the convenor in 2016/17. He advocates for integrity and transparency in ensuring there is compliance to set standards as far as possible.
Mr. Shamiah is an alumnae of the US International Visitors Programme and an Associate of Toronto Leadership Centre. He has equally been the Chairperson of TC 68(Financial Services Technical Committee) of Kenya Bureau of Standards (KEBs). He was awarded a certificate of completion for the SMREA Program, March 2018, Harvard University, John F. Kennedy School of Government, Executive Education.
He is also the Chairman of the Market Supervision and Risk Management sub-committee of the East African Securities Regulators Forum (EASRA), a regional securities regulators umbrella organization in the East African Community (EAC). He also sits on the Financial Stability Board Regional Group of Sub-Sahara representing Kenya and the capital markets.