NSE Appoints Experts to Recommend Capital Market Products

August 28, 2020
Pricing Methodology for stocks

By Modupe Gbadeyanka

Some renowned professionals with expertise, experience and footprint in local and global financial markets have been appointed to the new product advisory committees created by the Nigerian Stock Exchange (NSE).

The appointees will advise the exchange on emerging trends in the areas of product development and market structure across different product lines like Equities, Fixed Income, Exchange Traded Funds (ETFs) and Derivatives.

Members of the teams will be tasked with the responsibility of recommending strategic initiatives that will boost market liquidity, deepen and develop the Nigerian capital market and will serve for a two-year term.

According to a statement from the NSE, for the Fixed Income, members are Mrs Hajara Adeola, MD/CEO of Lotus Capital Limited (Chairperson); Ms Patience Oniha, DG of the Debt Management Office; Mrs Titi Ogungbesan, the CEO of Stanbic IBTC Stockbrokers Limited; Mr Oluseye Olusoga, MD of Parthian Partners Limited; Mrs Nkoli Edoka, MD/CEO of Cowry Securities Limited; Ms Esohe Denise Odaro, Head of Investor Relations at International Finance Corporation (IFC); Mrs Iyobosa Sorae, the Group Head of Securities Dealing at Coronation Merchant Bank; and Mr Akin Adigun, Senior Investment Officer at African Development Bank (AfDB).

For the Equities team, they are Mr Wale Agbeyangi, MD of Cordros Capital Limited (Chairperson); Dr Farouk Aminu, Head of Investment Supervision at National Pension Commission (PENCOM); Mr Dave Uduanu, CEO of Sigma Pensions; Mr Akeem Oyewale, CEO of Stanbic Nominees; Mrs Lilian Olubi, MD of EFG Hermes Nigeria Limited; Mr Roy Zimmerhansl, the Practice Lead of Pierpoint Financial Consulting; Mr Ziv Okun, Head of African Sales at Investec; Mr Thomas Brown, CEO of J. Streicher & Co. L.L.C; and Mrs Odiri Oginni, MD of United Capital Asset Managers Limited.

For the ETFs committee, they are Mr Cliff Weber, CEO of Financial Products Consulting Group (Chairperson); Mr Effiok E. Effiok, Head of Investment Management, Securities Exchange Commission (SEC); Ms Debbie Fuhr, Partner at ETFGI; Mr John Adu, the Head Business Development, Europe, the Middle East and Africa (EMEA) at JP Morgan Asset Management; Mr Damilola Ajayi, MD of Vetiva Fund Managers Limited; Ms Helena Conradie, CEO of Satrix; Mr Shuaib Audu, an Executive Director at Stanbic Asset Management Limited; Ms Nerina Visser, the Director & Co-owner of etfSA Portfolio Management Company, South Africa; Mr Akikunmi Majaro, MD of Absa Securities Nigeria Limited; and Mr Deji Tunde-Anjous, MD of AXAMansard Investments.

For the last committee, Derivatives, they are Mr Charlie Rubin, a Derivatives Consultant from the United States of America (USA) (Chairperson); Mr Michael Okon, Head of Structuring, West Africa, Rand Merchant Bank (RMB); Mrs Laura Fisayo-Kolawole, Senior Vice President at FBNQuest Asset Management; Mr Temi Popoola, CEO of Renaissance Capital; Dr Peter M. Werner, Senior Council at International Swaps and Derivatives Association (ISDA), United Kingdom; and Mr Yemi Akisanya, Head of Diversity & Inclusion at OCC, USA.

Commenting on the appointments, the CEO of NSE, Mr Oscar Onyema, noted that, “The exchange is resolute in its ambition to become Africa’s preferred multi-asset securities exchange.

“We have, therefore, constituted these Product Advisory Committees to leverage the vast experience, diverse viewpoints and extensive networks of financial market technocrats to further strengthen and deepen our market.

“We are confident that the committees will discharge their duties excellently to help us meet the needs of both local and international stakeholders while making The Exchange globally competitive.”

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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