Gerald Nyaoma Arita on Tuesday kicked off his tenure as the Deputy Governor of the Central Bank of Kenya (CBK) following his nomination by President William Ruto last year.

Nyaoma is making a comeback at CBK after serving in various capacities during his extensive and illustrious career after joining the Kenyan banking regulator back in August 1988.

He held top positions including the Financial Markets, Banking Services, and Internal Audit Departments, crowning in his role as the Director of the Bank Supervision Department.

Nyaoma holds a Master of Philosophy (Economics) degree from the University of Cambridge, UK, and BA (Economics) degree from the University of Nairobi.

The CBK insider is a Certified Public Accountant (CPA-K), a Certified Public Secretary (CPS-K) and an Associate of the Kenya Institute of Bankers (AKIB).

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The career central banker with 36 years of experience has also served on the Board of the SACCO Societies Regulatory Authority (SASRA) as an Alternate Member to the Governor.

CBK Governor Dr Kamau Thugge has congratulated Nyaoma on his fresh appointment to the pivotal position, in a statement issued on behalf of the CBK Board, management and Staff.

“It is an honour and a pleasure to welcome him back to the Central Bank of Kenya,” said Dr Thugge.

With the nod of the National Assembly, Nyaoma now takes up the vacant second Deputy Governor position at CBK alongside Dr Susan Koech in aiding Thugge to run the apex bank.

The post had attracted notable applicants among them former Kenya Bankers Association boss Dr Habil Olaka, Prof Dulacha Galgallo, Charles Mutuma Ringera, and Dr Florence Koki.

Dr Thugge joined CBK on June 19, 2023 from the National Treasury, where he had served in varied posts after returning from the International Monetary Fund (IMF).

Dr Koech was appointed to the post in March 10, 2023 after serving as the Principal Secretary in the State Departments of East African Community, Regional Development, and Wildlife.