This is to inform the general public that pursuant to S.8 (1) of the Capital Markets and Securities Act, 1994 (as amended), the Minister for Finance has appointed Mrs. Nasama Mahanyu Massinda as the Chief Executive Officer of the Capital Markets and Securities Authority (CMSA) with effect from 15th November, 2011. Prior to her appointment, Mrs. Massinda was the Director of Legal Affairs and Enforcement of the CMSA.
Mrs. Massinda has worked with the CMSA since 1996 after being seconded from the Ministry of Finance where she had worked as a Finance Management Officer in the Department of External Finance.
Mrs. Massinda holds a Bachelor of Laws Degree from the University of Dar es Salaam, a Masters Degree in Business Administration from the University of Strathclyde, Scotland, UK and is an Advocate of the High Court of Tanzania.
Mrs. Massinda has been involved in the development of capital markets in Tanzania from the initial stages through participation in various activities including facilitation of setting up of some of the capital markets institutions, training and licensing of market intermediaries and in research on legal issues. At a regional level, Mrs. Massinda has been involved in the East Africa capital markets integration initiatives through the East African Securities Regulatory Authorities (EASRA) where she chairs the Legal Issues Sub Committee.
In the Southern Africa Development Corporation region (SADC), Mrs. Massinda is involved in the capital markets harmonization activities and was the Chairperson of the SADC Committee of Insurance Securities and Non Bank Financial Authorities (CISNA) from 2007 to 2009. On an international level, Mrs. Massinda has among other things led a CMSA assessment team whose output resulted in the CMSA (as one of only six African capital markets regulators) being admitted in April 2011 as a full member of the International Organization of Securities Regulators (IOSCO) which is the international standard setter for capital markets regulators.
Mrs. Massinda replaces Dr. Fratern M. Mboya who retired in September 2011.
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