• The Board

  • Stanley Ngaine: B.Com (Hons), FCCA, ACMA and CPA (K)

    Chairman (Non-Executive)

    Mr. Ngaine is the chairman and was instrumental in the establishment of then Sterling Securities Ltd in 1994.He became its first Managing Director following its licensing as a Stockbroker by the CMA.He has been an active member of the NSE including being a director in 1994/95 as well as 2008-2011. He was also the Chairman of the Association of Kenya Stockbrokers in 1998/99 Mr. Ngaine has previously worked in senior positions with Gailey & Roberts, Esso, Standard Kenya Ltd, IDB (Industrial Development Bank) and also as Director of Fiscal and Monetary policy at the Treasury. As Director of Fiscal and Monetary policy, he represented the Treasury in the boards of IDB, Consolidated Bank, E.A. Portland Cement, Pan African Mills, Retirement Benefits Authority, Stanbic bank and Capital Markets Authority. Major work experience includes financial restructuring, consolidation, rehabilitation schemes, valuation of state owned enterprises, share valuation of quoted & unquoted companies, sponsoring IPO, tax policy & analysis and tax modeling and forecasting.

    He is presently a commissioner in the Energy Regulatory Commission (ERC)

    David Ithanya: BSc. Elec. Eng (UCT)

    Director (Executive)

    David has over 13 years of experience in capital markets and investment banking in Africa. In addition, he has invested in and actively managed a variety of financial services and technology-enabled businesses in Africa. He is responsible for overseeing all revenue generating functions including equities and fixed income trading, corporate finance and investments. David has forged strong business relationships with business operations and financial services companies throughout Africa. David holds a Bsc. in Electrical Engineering from the University of Cape Town.

    David is also co-founder and Managing Principal of AFVEST Limited; an Investment and Advisory company.

    Chris Maranga: MBA-Finance, BCom.-Finance, CFA-level I

    Director (Non-executive)

    Chris joined Sterling's Board in 2013. He has over 13 years experience in Corporate Finance transactions having worked for PwC, Deloitte, First Africa Capital, Standard Chartered Securities Kenya Limited, Phatsia (USD 300m private equity fund) and Standard & Mutual.

    He obtained a Bachelor's of Commerce (Finance) degree and MBA (Finance) from the University of Nairobi and is also an accountant with the Association of Chartered Certified Accountants (ACCA). He also obtained a higher diploma in Information Systems Management from the Institute for the Management of Information Systems (IMIS) and has completed level one of the CFA program.

    Chris has worked on a diversity of transactions across the African region including private equity investing, buy and sell side equity advisory transactions, privatisation of Government State Corporations, feasibility studies and financial due diligence assignments. He has also developed expertise in providing advisory services to clients in the power, agribusiness, petroleum, airlines, financial services and telecommunications sectors in over 10 countries in Africa, Europe and the Middle East.