Ngarambe Romeo Named CEO of Rwanda Capital Market Authority

Ngarambe takes the helm as the CMA advances initiatives to build a resilient market that provides inclusive investment opportunities and contributes to national economic growth.

“Romeo brings more than 13 years of international experience in finance and investment,” said CMA Board Chair Marc Holtzman. “He has demonstrated the ability to drive business growth, improve market operations, and provide financial advisory services to global organizations. He is experienced in financial strategy, governance, and establishing performance metrics aligned with institutional goals while upholding regulatory compliance.”

Finance and Economic Planning Minister Yusuf Murangwa praised Ngarambe’s leadership skills. “He has shown exceptional ability to lead cross-functional teams, deliver data-driven insights for senior decision-makers, build strategic partnerships, and optimize operations in environments that demand innovative, client-focused solutions,” Murangwa said.

Before joining CMA, Ngarambe held senior leadership roles at Corning Inc., overseeing budgeting, financial planning, reporting, investment analysis, and governance across multiple business units. He also served as a Senior Business Risk Consultant at Deloitte & Touche LLP, leading responsibilities in capital markets, financial advisory, investment due diligence, credit and financial analysis, and investor protection.

Ngarambe holds a Master of Science in Accounting from Binghamton University and a Bachelor of Science in Business Administration from Toccoa Falls College. He is also a certified Project Management Professional (PMP).

Hortense Mudenge, CEO of Rwanda Finance and CMA Board Deputy Chair, said Ngarambe’s appointment is a positive step. “Stronger collaboration between Kigali International Financial Centre, the Rwanda Stock Exchange, and the CMA will attract international investment and enhance the global competitiveness of Rwanda’s capital markets,” she said.

The CMA’s mandate includes promoting, regulating, and monitoring the capital market to ensure transparency and reliability, while protecting investors from fraud or misconduct, particularly safeguarding small investors from financial losses caused by others’ errors.