President William Ruto has nominated Gerald Nyaoma Arita as the second Deputy Governor of the Central Bank of Kenya (CBK) to replace Sheila M’mbijiwe, who retired in June.

Arita is currently the Director of the Bank Supervision Department at CBK.

He brings 36 years of professional experience, having held multiple positions within the institution.

His previous roles include Director of Financial Markets Development, Director of Banking Services, and Acting Director of Internal Audit.

Arita holds a Master of Philosophy in Economics from the University of Cambridge, earned under the Commonwealth Scholarship.

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In a separate appointment, Ruto nominated Sammy Chepkwony as chairperson of the Salaries and Remuneration Commission (SRC) to replace Lyn Mengich, whose six-year term has ended.

Chepkwony, a human resources expert with over 30 years of experience, is the Managing Director and CEO of People Centric Management Limited.

Both nominations await approval by the National Assembly.