The appointment follows the departure of the former CEO Kellen Kariuki who announced he decision to leave the Authority at the end of 2018.
Unclaimed financial assets authority has appointed John Kihara Mwangi to the role of the chief executive officer (CEO) and managing trustee effective 1st march 2019.
The Authority whose primary mandate is to receive, safeguard and re-unite unclaimed assets currently valued at kshs. 13.1 billion in cash 1451 safe deposit boxes and Kshs.55.5 million units of shares yet to be claimed by rightful owners.
Prior to his appointment Mr Mwangi was the manager, Unclaimed Financial Assets line at UFAA a position he has held for the last four years.
Mr Mwangi has had a successful career in several financial institutions with investments and commercial banking .He has over 16 years of experience, having worked with leading fund managers, investment and commercial banking industry in Kenya as a relationship manager.
He joined the UFAA in April 2015 from Bank of Africa (BOA).He also worked at Africa Alliance Investment Bank, Old mutual Asset Managers and ICEA.
Mr Mwangi is a certified investment and Financial Analyst and a member of the institute of certified investment and financial analyst (ICIFA). He holds an Executive MBA from Strathmore Business School and underwent a modular course on corporate entrepreneurship and global strategy at IESE Business School, University of Navara in Barcelona.
Mwangi is a certified Trustee by RBA in conjunction with college of Insurance and Undergraduate in Economics and Business studies from the University of Nairobi. And his is a member of Kenya Institute of management (KIM)