Why NSE Floats Product Advisory Committees, By Onyema

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Why NSE Floats Product Advisory Committees, By Onyema

As part of its growth strategy and determination to be the nerve centre of multi-asset securities exchange in Africa, The Nigerian Stock Exchange has constituted Product Advisory Committees across four asset classes.

Explaining the rationale for this strategic move, spanning Equities, Fixed Income, Exchange Traded Funds (ETFs) and Derivatives, The Exchange’s Chief Executive Officer, Mr Oscar Onyema, in a statement said the Committees would be leveraged to deepen the market and enhance its global competitiveness

“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.”, said Onyema.

The Committees whose members will serve a two-year term, are made up of leading professionals with skills and competencies in local and global financial markets. They are appointed to support and advise The Exchange on emerging trends in the areas of product development and market structure.Part of the committees’ mandate, is to recommend strategic initiatives that will boost market liquidity, deepen and develop the Nigerian capital market.

On the Honours Roll of the Committees’ Members are : Fixed Income: Mrs Hajara Adeola, Managing Director/CEO, Lotus Capital Limited, Chairperson, Ms Patience Oniha, Director General, Debt Management Office; Mrs Titi Ogungbesan – Chief Executive Officer, Stanbic IBTC Stockbrokers Limited; Mr. Oluseye Olusoga, Managing Director, Parthian Partners Limited; Mrs Nkoli Edoka, Managing Director/CEO, Cowry Securities Limited, Ms Esohe Denise Odaro – Head of Investor Relations, International Finance Corporation (IFC), Mrs Iyobosa Sorae – Group Head, Securities Dealing, Coronation Merchant Bank and Mr Akin Adigun – Senior Investment Officer, African Development Bank (AfDB).

Equities, Mr Wale Agbeyangi, Managing Director, Cordros Capital Limited, Chairperson, Dr Farouk Aminu, Head, Investment Supervision, National Pension Commission (PENCOM), Mr Dave Uduanu, Chief Executive Officer,Sigma Pensions, Mr Akeem Oyewale, Chief Executive Officer,Stanbic Nominees, Mrs Lilian Olubi, Managing Director, Hermes Nigeria Limited, Mr Roy Zimmerhasl, Practice Lead, Pierpoint Financial Consulting, Mr Ziv Okun, Head of African Sales, Investec, Mr Thomas Brown, Chief Executive Officer, Streicher & Co. L.L.C; and Mrs Odiri Oginni, Managing Director, United Capital Asset Managers Limited.

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

Market watchers described the Product Advisory Committees as part of The Exchange’s strategy to reposition ahead its demutualization. Reviewing The Exchange’s 2019 scorecard in January this year, Onyema listed a number of accomplished market initiatives, including organizing the first-ever Hackathon designed to encourage Tech enthusiasts to develop innovative Fintech solutions, hosting two interactive sessions in the Insurance and Consumer Goods sectors and organizing the Fixed Income Trading Workshop to enhance the capacity of dealing members.

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