Odundo exits RBA

After a 15-year stint at the helm of the Retirement Benefits Authority (RBA), Dr Edward Odudno has finally bowed out.

This as his term is set to expire in April, with the board giving him an early exit as it handles the transition.

Dr Odundo is credited with growing the country’s pension industry to one trillion shillings, largely due to creation of avenues for pension funds to invest and earn better returns.

“On behalf of the board I would like to thank Dr Odundo for his invaluable leadership and commitment to RBA. We have witnessed tremendous growth in the industry during his tenure and he will leave a strong foundation that will spur this country’s economic development,” RBA Chairman Victor Pratt said in a statement.

Nzomo Mutuko has been picked as the acting CEO as the board begins the search for a replacement.

Mr Mutuko who has previously worked at RBA, joins from the Treasury’s Financial and Sectoral Affairs department.