Co-op Bank scouts for top stocks trader

What you need to know:

  • Mr Odundo an accomplished investment banker with 22 years of experience in the financial industry was instrumental in setting up of Kingdom Securities, Co-op trust Investment Services and Co-op Consultancy Services.
  • During his tenure at Kingdom Securities, he oversaw the growth of the company to become one of the leading trading participants of the Nairobi Securities Exchange and has been instrumental in key listings on the bourse as well as other corporate finance transactions.
  • His successor will have an uphill task in getting new business in a highly competitive stockbrokerage industry in the country.

Co-operative Bank has started searching for a new head of its stockbrokerage subsidiary, Kingdom Securities, following the exit of Geoffrey Odundo for the Nairobi Securities Exchange as its new chief executive.

Mr Odundo an accomplished investment banker with 22 years of experience in the financial industry was instrumental in setting up of Kingdom Securities, Co-op trust Investment Services and Co-op Consultancy Services.

He took up the managing director position at Kingdom Securities in June 2009.

During his tenure at Kingdom Securities, he oversaw the growth of the company to become one of the leading trading participants of the Nairobi Securities Exchange and has been instrumental in key listings on the bourse as well as other corporate finance transactions.

His successor will have an uphill task in getting new business in a highly competitive stockbrokerage industry in the country.