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BizDay Zimbabwe

Chirume new ZSE boss

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Alban Chirume has been appointed the new Zimbabwe Stock Exchange boss to replace the acting head, Martin Matanda.

Matanda had been acting since last year when the former boss Emannual Munyukwi was suspended for alleged incompetence.

Munyukwi had been CEO since 2001 and a former key manager of the ZSE before that.

ZSE chairperson Eve Gadzikwa told journalists in Harare on Thursday that Chirume’s appointment was with effect from July 01, 2013.

“He comes with a lot of experience and on behalf of the board, I would like to thank him for accepting the appointment,” she said.

Chirume is a former boss of the Securities Exchange Commission of Zimbabwe (SECZ). He left the organisation in early 2011 to pursue private interests.

The SECZ is the capital market regulator and its key functions are to regulate trading and dealing in securities; register; supervise and regulate securities exchanges; to license, supervise and regulate licensed persons and to encourage the development of free, fair and orderly capital and securities markets in Zimbabwe.

The SECZ has in the past worked with the ZSE, introducing a central securities depository and electronic trading and on the demutualization of ZSE among other things.

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