yangacmaNyale Yanga is responsible for providing strategic and technical leadership in coordinating timely legal and financial review of applications for licensing, no objection request, issue of securities, corporate actions among others to ensure compliance with the Capital Markets Legal and Regulatory Framework.

He has over 14 years’ experience in capital markets having worked in various capacities at the Authority. He has championed the automation of submitting financial statements of market intermediaries to the Authority, participated in developing the risk-based supervision model and risk-based capital adequacy regime for licensees. He is also charged with implementing bonds market reforms as part of the ten-year Kenyan Capital Markets Master Plan.

Nyale is the alternate chair of the Capital Markets Authority Sandbox Review Committee. He also chairs the Market Supervision and Risk Management Committee of the East Africa Securities Regulators Authorities and the Financial Services Technical Committee of Kenya Bureau of Standards as well as sits in the registration committee of the Institute of Certified Investments and Financial Analysts.

Nyale has a Bachelor of Commerce degree and master’s degree in Business Administration (Finance) both from The University of Nairobi. He has a Post Graduate Certificate in Capital Markets Development from The George Washington University (USA). He a fellow of the IFC-Milken Institute, a Certified Public Accountant and a Certified Secretary.

mugaiMr. Mungai is an Advocate of the High Court of Kenya and holds a Bachelor of Laws Degree (LLB) and a Masters in Business Administration (MBA) from University of Nairobi (UON). He is currently pursuing a Ph.D in Business Administration from the same institution. He is a Certified Public Accountant (CPA) and a Certified Public Secretary (CPS) as well an Associate of the Kenya Institute of Bankers (AKIB). He also holds a Certificate in Banking and Financial Services (CBFS).

Mr. Mungai is the Head of Tax for Barclays Bank of Kenya Limited and has over 12 years experience in tax management and policy. Prior to joining Barclays, Mr. Mungai worked with PricewaterhouseCoopers (PwC) and KPMG East Africa. He is a Trustee for Barclays Bank Pension Schemes and a Member of the Standards Tribunal. He has also worked with Diamond Trust Bank (DTB).


danwDaniel currently holds the position of Manager, Market Supervision at the Authority. He has served at the Authority since January of 2008. Immediately prior to his appointment to the current role, in May 2017, he was the Head of Regulatory Framework development at the Authority.

His current responsibilities include: providing technical leadership and strategic direction in the supervision of market intermediaries and other regulated entities’ (including NSE and CDSC) to ensure compliance with capital markets legal and regulatory requirements, upholding industry standards and enhancing investor protection.


Daniel has been a key driver in the development of policy and formulation of various regulatory frameworks including those that buttress corporate governance for market intermediaries and listed companies, conduct of business for market intermediaries, demutualization of the NSE, REITs, derivatives, harmonization of securities legal regime in the East African Community, ETFs and securitization. He also played a key role in putting together the application of the Authority to become a signatory to the IOSCO MMoU.


Daniel is an Advocate of the High Court of Kenya. He is a graduate of the University of Nairobi and holds a post graduate qualification from The George Washington University School of Business, USA. Daniel is an International Finance Corporation (IFC)-Milken Institute Fellow and a member of the Law Society of Kenya. He also holds qualifications in accountancy (CPA) and company secretarial practice (CS).


NAME:                    Paul Kihara Kariuki DATE OF BIRTH:        11 May, 1954.

MARITAL STATUS:    Married with three children.

NATIONALITY:          Kenyan.       


  1. 1977- 1978: Kenya School of Law (Post Graduate Diploma in Law);
  2. 1974- 1977: University of Nairobi, Bachelor of Laws (LLB);
  3. 1968- 1973: Nairobi School, Ordinary Level, 1971: Advanced Level, 1973;
  4. 1961- 1967: Hospital Hill School, Nairobi, Certificate of Primary



  1. April 2018- Present:   Attorney General, Republic of Kenya.
  1. 2013- March 2018:   President, Court of Appeal of Kenya, Nairobi.

Instrumental in the decentralization of the Court of Appeal to Malindi, Kisumu and Nyeri Counties. Directed the development of the blueprint ten-point strategy for the transformation of the Court that culminated in the Court of Appeal Bill and the Strategic Plan for the Court of Appeal in Kenya.

  1. 2009- 2013:   Director, Judiciary Training Institute, Kenya.

As first director of the Institute, was instrumental in establishing all the operational systems for the technical arm of the judiciary incorporating professional development for all judges, magistrates and all cadres of the paralegal staff at the Judiciary.

  1. 2003- 2011:   Judge, High Court of Kenya.

Served in the Civil and Commercial divisions of the Court. Served as judge in the Election Court for various parliamentary petitions.

  1. May 2003- October 2003: Principal and Chief Executive Officer, Kenya School of   Law.
  1. 2001- May 2003:   Managing Director, International Controls Limited.

(Took a three-year break from the legal profession to pursue other interests).

  1. 1986- 2000:   Partner, Messer Ndungu Njoroge and Kwach

                                   Advocates, Nairobi.

  1. 1977- 1985:   Legal Assistant and Partner, Messer Hamilton Harrison   and Mathews Advocates, Nairobi.

Other Activities and Public Service Engagements:

  1. 1980- 2002: Chancellor (Honorary Legal Advisor), The Anglican

Church of Kenya;

  1. 1986- 1997: Member of the Kenya Anti-Corruption Authority

Advisory Board;

Chair of Thomas Barnado House and Rotary International.

International Duties:

  1. April 2014: Head of Delegation to a judicial Conference at the South African Constitutional Court, South Africa.
  1. November 2011: Member of the Kenya Delegation to the Federal Judicial Centre and National Judicial College, Washington, DC, United States of America.

Interests: Gardening, classical music, theater and drama, playing squash and cricket.

Professional Membership:

  1. Law Society of Kenya
  2. Commonwealth Lawyers Association 3.International Bar Association.

4.Lawyers International Services Agency USA.


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