Investment bank Kestrel Capital (East Africa) Ltd has named Francis Maina Mwangi as its new Chief Executive Officer, effective 29 April 2019.
His appointment is expected to drive the firm’s continuous growth and competitive position in the investment banking sector in East Africa.
Mr. Mwangi will replace Andre DeSimone, who left the position in March amid accusations of insider trading.
The founder and Chairman of Kestrel Capital Charles Field-Marsham exuded confidence in Francis who has more than 12 years of experience in the investments sector.
“The Board is confident that he has the right skills, experience, and values for his new role in leading Kestrel Capital…” said the chairman.
Francis moved to Kestrel in February 2018 as an associate director, and in October, he was appointed an executive director in the company.
Before that, he served as the head of research at Standard Investment Bank for close to seven years. At SIB, Mr. Mwangi advised local and foreign investors on viable investment opportunities in East Africa and helped structure major transactions in the region.
Mr. Francis Mwangi is a CFA charter holder and a member of the Association of Chartered Certified Accountants.
The firm is an independent Investment Bank licensed by the Kenyan Capital Markets Authority (CMA) and a member of the Nairobi Securities Exchange (NSE). Kestrel has been ranked number one equities and bond trader on the NSE several times over the last decade.
With a dedicated approach that encompasses research, sales and excellent back office servicing, Kestrel Capital has trading relationships with top tier local and international asset managers, and leading global/emerging/frontier markets international brokers and investment banks.
Founded in 1995, Kestrel Capital was the first investment bank to publish fundamental market and company research in Kenya. The firm introduced corporate access services in 2004 and was amongst the first Kenyan based investment banks to actively sell Kenyan securities to international asset managers.
Over the years, Kestrel has received many awards for its leading roles in stockbroking and research including Winner of the Kenya Investment Awards 2017: Equity Dealer of the Year and Bonds Dealer of the Year.
Over the last 10 years, Kestrel Capital has successfully executed over 30 corporate advisory transactions.
The firm’s success has been supported by; strong relationships with Corporates, experienced staff, sound distribution capacity and a desire to develop the capital markets by offering clients innovative capital raising and investment solutions.