Mary Njuguna

Principal, Capital Markets

Mary has over 20 years of experience in capital markets development, regulation and legal practice.  She is passionate about supporting transformative capital market initiatives that promote economic development in Africa.

Mary currently oversees implementation of projects on policy and regulatory reform, market infrastructure, institutional strengthening and product development.  She coordinates FSD Africa’s support for establishment of guarantee facilities, as well as product development initiatives on gender bonds, real estate investment trusts (REITs) and securitisations, among others.

Before joining FSD Africa, Mary worked at the Capital Markets Authority, Kenya (CMA Kenya) and was responsible for coordinating the review of capital raising transactions and license applications.  Mary was also directly involved in policy and regulatory development for new products such as green bonds, exchange-traded funds, REITs and asset-backed securities as well as licensing of the first derivatives exchange in Kenya.

Prior to joining CMA Kenya, she worked as a corporate and commercial associate in A. F. Gross Advocates, a legal practice in Nairobi, providing advisory services on a variety of financial transactions in capital markets, banking, mergers and acquisitions, intellectual property and real estate.

Mary holds an MSc in Finance and Financial Law from SOAS, University of London and a Bachelors’ degree in law from the University of Manchester, UK.   She is an Advocate of the High Court of Kenya.

Mary Njuguna