In a pivotal moment for Ethiopia’s financial sector, the Ethiopian Capital Market Authority (ECMA) is turning a new page with significant leadership changes that mark both a farewell and a warm welcome. As Dr. Brook Taye concludes his remarkable tenure at the helm of ECMA, he leaves behind a legacy of groundbreaking achievements and a solid foundation for future growth.

Dr. Brook, who has been instrumental in establishing the authority, has navigated the complexities of building a regulatory framework from scratch. His strategic vision and unwavering commitment have set the stage for the expansion and development of Ethiopia’s capital markets. “We extend our deepest gratitude to Dr. Brook for his exceptional leadership over the past two years,” said an ECMA spokesperson. “His contributions have been invaluable, and the groundwork he has laid will support our continued progress.”

With Dr. Brook’s transition to Ethiopian Investment Holdings (EIH) as their new CEO, the organization is set to benefit from his extensive experience and proven track record. “We are thrilled to welcome Dr. Brook to EIH,” said an EIH representative. “His successful establishment of the ECMA is a testament to his leadership, and we are confident he will drive EIH to new heights, enhancing our transformation journey and creating a lasting impact on the lives of Ethiopians.”

Taking over the reins at ECMA is Hana Tehelku, who steps into the role of Director General. Hana brings a wealth of expertise in law, with an LLB from Mekelle University and an LLM from Addis Ababa University. Her extensive experience in public prosecution, anti-corruption efforts, and economic crime affairs positions her as a strong leader ready to guide ECMA into its next phase. “We are excited about Hana’s leadership and the fresh perspective she will bring,” the spokesperson added. “Her impressive qualifications and dedication to public service will be instrumental in continuing our impactful work.”

As Ethiopia’s financial landscape evolves, the leadership transitions at both ECMA and EIH signify a commitment to progress and excellence. The future looks promising with these dynamic leaders steering the course, shaping the country’s economic future, and fostering growth within the capital markets.