Mr. Romeo Ngarambe, the new CEO of the Capital Markets Authority (CMA).
KIGALI – The Capital Markets Authority (CMA) has announced the appointment of Mr. Romeo Ngarambe as its new Chief Executive Officer, a move aimed at bolstering Rwanda’s financial sector and driving long-term national economic growth. Ngarambe assumes leadership at a critical juncture as the CMA advances reforms to build more sound, efficient, and inclusive capital markets in line with Rwanda’s broader financial development agenda.
Commenting on the appointment, CMA Chairman Marc Holtzman noted that Mr. Ngarambe brings over 13 years of international experience in strategic finance and investment leadership. He has a proven track record in commercial growth, capital market operations, and corporate advisory across multinational organizations. “Romeo has demonstrated deep expertise in financial strategy, corporate governance, and performance management while maintaining the highest standards of regulatory compliance,” Holtzman said.
The Minister of Finance and Economic Planning, Hon. Yusuf Murangwa, added that Mr. Ngarambe has shown exceptional ability in leading cross-functional teams and delivering data-driven insights to support executive decision-making, build strategic partnerships, and improve operational efficiency.
Prior to joining the CMA, Mr. Ngarambe held senior finance leadership roles at Corning Inc., where he oversaw budgeting, forecasting, financial reporting, and investment analysis. He also previously served as a Senior Business Risk Consultant at Deloitte & Touche LLP, leading capital markets and advisory engagements, including due diligence and investor protection assignments.
Mr. Ngarambe holds a Master of Science in Accounting from Binghamton University and a Bachelor of Science in Business Administration from Toccoa Falls College. He is also a certified Project Management Professional (PMP).
Rwanda Finance Chief Executive Officer and CMA Vice Chairperson, Hortense Mudenge, described the appointment as a significant milestone. She emphasized that closer collaboration between the Kigali International Financial Centre (KIFC), the Rwanda Stock Exchange (RSE), and the CMA is expected to accelerate efforts to attract international investors and strengthen the competitiveness of Rwanda’s capital markets. The appointment underscores the CMA’s commitment to reinforcing institutional leadership and advancing Rwanda’s long-term market ambitions.
