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# Gerald Nyaoma Arita assumes office as Central Bank of Kenya's second deputy governor
- URL: https://www.theglobalbanker.com/gerald-nyaoma-arita-assumes-office-as-central-bank-of-kenya-s-second-deputy-governor/
- Published: 2025-01-07T14:00:00.000Z
- Updated: 2026-10-01T10:04:23.000Z
- Description: Career central banker Gerald Nyaoma Arita took office as the CBK's second Deputy Governor on 7 January 2025, joining Governor Kamau Thugge and Deputy Governor Susan Koech.
- Author: TGB Editorial Team
- Tags: Executive Moves, Africa, #archive

Gerald Nyaoma Arita assumed office as the second Deputy Governor of the Central Bank of Kenya (CBK) on 7 January 2025, joining Governor Kamau Thugge and Deputy Governor Susan Koech in the regulator's top leadership.

President William Ruto nominated Nyaoma for the post in November 2024, selecting a CBK insider ahead of other applicants who included Habil Olaka and Dulacha Galgallo. His appointment followed vetting and approval by Parliament, including by the National Assembly's finance committee, chaired by Kuria Kimani. He will serve a renewable four-year term.

#### CAREER CENTRAL BANKER

Nyaoma is a career central banker with 36 years of experience at the CBK. He joined the bank in August 1988 and held senior positions in the Financial Markets, Banking Services and Internal Audit departments, before serving as Director of the Bank Supervision Department.

He holds a Master of Philosophy in Economics from the University of Cambridge, where he studied as a Commonwealth Scholar, and a bachelor's degree in economics from the University of Nairobi. He is also a Certified Public Accountant and Certified Public Secretary of Kenya, and an associate of the Kenya Institute of Bankers.

#### RETURN TO THE CBK

Welcoming the new deputy governor, Thugge said: “On behalf of the CBK Board, Management and Staff, I wish to congratulate Mr. Nyaoma on his appointment. It is an honour and a pleasure to welcome him back to the Central Bank of Kenya.”

The deputy governor's responsibilities include duties assigned by the Governor, ensuring sound governance practices and identifying measures to mitigate operational and market risks. Koech has served as Deputy Governor since February 2023.