Career
In 1970 he became an audit trainee with the City Council of Nairobi for two years. He later joined Magadi Soda Company (MSC) Limited, a mineral mining company, serving as an Assistant Accountant. After two years at the company, Ntalami joined international audit firm Ernst and Young. He served as a senior audit assistant, then transferred to Housing Finance Company of Kenya (HFCK) Limited, a local real estate financier, as Senior Accountant for three years.
Ntalami later served as Chief Accountant, and later, Ag. CEO, for Kenya Airways for four years.
The early 1980s, which was billed as the golden moment for local indigenous accounting firms, Ntalami became a partner at Kimani Onyancha & Company, a medium size firm of Certified Public Accountants involved primarily in the provision of statutory audits. He held special responsibility for the management consultancy services (MCS).
After ten years with KO& Co., he became a stockbroker in 1995. He served as Executive Director for Sterling Securities Limited (SSL), a then fledgling stock broking firm.
Here, Ntalami participated in a number of private and public share issues and floatation, including initial public offerings (IPOs), divestiture, and privatization of public enterprises. At its peak in 1996, SSL was retained by Kenya Commercial Bank (KCB) as a sponsoring broker during its third share issue.
By 1998 the Sterling Securities Limited partnership was dissolved and, on August 11, 1999, SSL was suspended from trading on the NSE, but later resumed its operations.
Following the unexpected restructuring of the stockbroking business, Ntalami left to open and operate a Financial and Investment consultancy firm, Marited Associates. After two years, in December 2002 he was appointed Chief Executive of the Capital Markets Authority by the President replacing Paul. K. Melly, following a major cabinet and public service reshuffle.
Read more about this topic: Edward H. Ntalami
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