He succeeds Eric Karekezi Ngabonziza, who had served as acting CEO since January 7 following the departure of Botswana’s Thapelo Tseole.
Ngarambe assumes this role at an important stage in the continued development of Rwanda’s capital markets, as CMA advances its mandate to build sound, efficient and inclusive markets that support long-term investment and contribute to national economic growth.
Marc Holtzman, Chairman of CMA, welcomed Ngarambe on his appointment, expressing full confidence in his abilities.
“Romeo brings over 13 years of international experience as a strategic finance and investment leader, with a proven track record in commercial growth, capital markets operations and corporate advisory across multinational organisations.
“He has demonstrated strong expertise in shaping financial strategies, strengthening governance frameworks and developing performance measures aligned with institutional objectives while upholding the highest standards of regulatory compliance.”
The Minister of Finance and Economic Planning, Yusuf Murangwa, added: “Mr. Ngarambe has shown exceptional capability in leading cross-functional teams, producing data-driven insights to support executive decision-making, building strategic partnerships and improving operational efficiency in dynamic, client-focused environments.”
Prior to his appointment, Ngarambe held senior finance leadership roles at Corning Inc., where he oversaw budgeting, forecasting, reporting, investment analysis and governance initiatives across multiple operations.
He also served at Deloitte & Touche LLP as a Senior Business Risk Consultant, leading capital markets and advisory assignments, including due diligence, structured finance reviews and investor protection engagements.
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 a certified Project Management Professional (PMP).
Hortense Mudenge, Rwanda Finance CEO and CMA Vice Chairperson welcomed the appointment as a significant milestone.
He expressed confidence that strengthened collaboration between the Kigali International Financial Centre, the Rwanda Stock Exchange and the Capital Markets Authority will accelerate efforts to attract international investment and deepen the competitiveness of Rwanda’s capital markets.
Ngarambe’s appointment reflects CMA’s continued commitment to strong institutional leadership as the Authority works to strengthen market confidence, reinforce regulatory effectiveness and advance Rwanda’s long-term capital market ambitions.
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