Aduragbemi Omiyale
By Aduragbemi Omiyale
The chief executive of the Central Securities Clearing System (CSCS) Plc, Mr Haruna Jalo-Waziri, has expressed delight at his election as the new Vice President of the regional association of global Central Securities Depositories (CSDs), Africa and Middle East Depositories Association (AMEDA).
The Nigerian will be working closely with Mr Abdalla Abdin, the Chief Executive Officer of Bahrain Clear, who currently serves as the President of the association, in steering the affairs of AMEDA and leading the execution of strategic initiatives towards delivering value to its members and broader stakeholders.
“I feel greatly honoured by my nomination and more so the overwhelming vote of confidence at the election. I thank my colleagues in the association and reckon this election as a call to service in advancing post-trade services and broader capital market development in Africa and Middle East regions.
“Central Securities Depositories have pivotal roles to play in deepening Africa’s capital market and I am excited to work with established professionals through the collective prowess that AMEDA affords in leading the desired change in our respective capital market ecosystem and broader continent.
“I am excited at the commitment of our President, Mr Abdalla Abdin, and all members towards our mission, and this reinforces my confidence in our collective ability to change the narratives of capital markets in Africa and the Middle East,” Mr Jalo-Waziri noted.
The CSCS chief, who also represents the global community of Central Securities Depositories on the Operating Committee of the International Securities Services Association (ISSA), brings to AMEDA almost three decades of hands-on experience in the region’s financial services sector, across different segments of the market, including capital market regulation, pensions and conventional asset management, investment and commercial banking, exchange management and post-trade services.
Back home, he has led the transformation of CSCS into an agile and innovative market infrastructure, delivering unprecedented results to the company’s shareholders and broader Nigerian capital market stakeholders.
This and other qualities may have been the reason he was chosen for the new post at AMEDA as the executive secretary of the group, Ms Riham Gamal, said, “Mr Jalo-Waziri has been a very active member of AMEDA, representing the Nigerian CSD, over the past five years.”
“He has led several initiatives of the association, in addition to being a positive reference and rallying point for members in exchanging information and knowledge.
“Hence, it would be exciting to work with him as the Vice-President of AMEDA. He is very complementary to the positive leadership of Mr Abdalla Abdin, and I am more than ever excited about the prospect of AMEDA in executing brilliant ideas towards the mutual prosperity of members and more importantly the development of capital markets in Africa and the Middle East,” she added.
AMEDA, which was established in April 2005, is a non-profit organization providing a structured platform for knowledge and information exchange as well as collaboration amongst Central Securities Depositories in Africa and the Middle East regions.
It promotes cooperation and advocacy towards the adoption of global best practices and regulatory standards in securities depositories and post-trade services, whilst supporting its members in navigating the uniqueness of their respective markets.
With memberships in Africa and Middle East regions, AMEDA serves as a dialogue channel and bridge for global partnerships with the regions’ CSDs.
Also, active as associate members are global banks such as HSBC and Standard Chartered Bank as well as CSDs from other regions, such as the Indian National Central Securities Depository.
