Olatunde Amolegbe Becomes New CIS President
By Adedapo Adesanya
The Chartered Institute of Stockbrokers (CIS) has announced the election of Mr Olatunde Amolegbe as its new president.
This announcement was made in a statement by the Institute’s Registrar and Chief Executive, Mr Adedeji Ajadi.
With his election, Mr Amolegbe will take over as chairman of the Governing Council, succeeding the incumbent president, Mr Adedapo Adekoje.
Mr Amolegbe, an accomplished investment analyst, and a Fellow of the Institute, was, until his election, the First Vice President.
With this ascension, it means Mr Oluwole Adeosun, the Second Vice President now becomes the First Vice President while Mr Oluropo Dada, the Chief Executive Officer (CEO), Network Capital, won the keenly contested election to emerge the new second vice president.
It was announced that the following members were re-elected to the Council: Mr Garba Kurfi, Mr Chiemeka Jude and Mrs Edoka Nkoli while Mr Babarinde Sunday, Mr Martins Olaolu and Dr Momoh Mohammed were elected for the first time.
By the institute’s convention, the outgoing Mr Adekoje will formally hand over to Mr Amolegbe at a date that will be announced later in a high profile ceremony known as investiture.
In his speech, Mr Adekoje, who assumed office as the President in April 2018, expressed satisfaction that his administration was able to achieve landmark projects despite the inclement operating environment.
He attributed this to divine intervention and unflinching support of every member of the Institute and pledged to continue to support the Institute in whatever capacity and urged members to rally round the incoming administration for sustainable achievements.
“We tasked ourselves in Council, financially and otherwise; sacrificed a whole lot of our normal privileges, and like true Generals, led the battle from the front. By so doing, we gave inspiration to other members who came out to serve in various committees and others who expressed their support in various other ways,” he said.