The Dar es Salaam Stock Exchange (DSE) governing board has appointed 37-year old Moremi Marwa the bourse’s Chief Executive Officer, becoming the first stockbroker to manage the stock market.Mr Moremi, whom the DSE governing board had picked since mid March, 2013 replaces Mr Gabriel Kitua who resigned early this year.
The new CEO, the fourth to reign the decade and half market, is scheduled to join the bourse mid this month.
Mr Marwa joins the DSE from Tanzania Securities, a securities brokerage, investment advisory and investment management firm licensed by the Capital Market and Securities Authority and a member of the DSE.
Prior to joining TSL, Mr Moremi was a Senior Manager in Ernst & Young’s Transaction Advisory Services and before that he worked with Deloitte in Corporate Finance as a Business Analyst.
He has a significant corporate finance and investment advisory experience and has worked with a number of major clients both in the public and private sectors.
During his tenor at Ernst & Young and Deloitte & Touché, Mr Moremi managed and led a variety of assignments that have included corporate finance structuring, capital raising, transactions support, syndicated loans structuring and reviews, valuations and financial modeling, investment advisory, feasibility studies and business plans.
He also worked in the banking sector for over three years with Barclays Bank and Bank of Africa before he joined Deloitte & Touché in Corporate Finance Services.
Mr Marwa joins the DSE from Tanzania Securities, a securities brokerage, investment advisory and investment management firm licensed by the Capital Market and Securities Authority and a member of the DSE.
Prior to joining TSL, Mr Moremi was a Senior Manager in Ernst & Young’s Transaction Advisory Services and before that he worked with Deloitte in Corporate Finance as a Business Analyst.
He has a significant corporate finance and investment advisory experience and has worked with a number of major clients both in the public and private sectors.
During his tenor at Ernst & Young and Deloitte & Touché, Mr Moremi managed and led a variety of assignments that have included corporate finance structuring, capital raising, transactions support, syndicated loans structuring and reviews, valuations and financial modeling, investment advisory, feasibility studies and business plans.
He also worked in the banking sector for over three years with Barclays Bank and Bank of Africa before he joined Deloitte & Touché in Corporate Finance Services.
Source: The Daily News, reported by Abduel Elinaza in Dar es Salaam
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