CIS elevates Jalo-Waziri, CSCS Boss to Fellow

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CIS elevates Jalo-Waziri, CSCS Boss to Fellow

L-R: Registrar and Chief Executive, Chartered Institute of Stockbrokers (CIS), Josiah Akerewusi; 2nd Vice President, Fiona Ahimie; President, Oluwole Adeosun; Managing Director , Central Securities Clearing System (CSCS) PLC, Haruna Jalo-Waziri; his wife, Maimuna and 1st Vice President , CIS, Oluropo Dada, during the Investiture of Jalo-Waziri as a Fellow of CIS in Lagos yesterday

News Focus

Haruna Jalo-Waziri, the Managing Director and Chief Executive Officer of Central Securities Clearing System (CSCS) PLC, has been elevated to a Fellow of Chartered Institute of Stockbrokers by the Institute’s Board of Fellows .

In his welcome address , the President and Chairman of the Institute’s Governing Council, Mr Oluwole Adeosun, who paid glowing tributes to Jalo-Waziri’s professional contributions to market development, explained the modalities for attaining the exalted position of Fellowship.

Kernel of the News

. The Board of Fellows of  Chartered Institute of Stockbrokers (CIS) has elevated Mr Jalo-Waziri, the Managing Director of CSCS to Fellow.

. The President of CIS, Mr Oluwole Adeosun explained some of the contributions of Jalo-Waziri to market development.

. Mr Adeosun in a flashback stated how stockbrokers contribute to the growth and development of the economy.

. Mr Jalo-Waziri pledged to sustain the professional ethics of stockbroking.

. He appreciated the stakeholders for the  great honour of the exalted position.

What Adeosun says

” As an important background , i need to explain that full membership of CIS begins at the Associate Level , while Fellowship is the highest category. To be a Fellow, a member must in addition to professional excellence, pass the moral and integrity .

” Jalo is the Chief Executive Officer of Nigeria’s premier financial market Infrastructure company, the Central Securities Clearing Systems (CSCS) Plc, which provides depository, clearing and settlement of financial assets across multiple Exchanges in the Nigerian Capital Market.

” He is a consummate professional with executive experience spanning close to three decades, in Investment Banking, Securities Trading, Pension Funds Administration and conventional Asset Management, Business Development, Capital Trade Point and Capital Market Regulation. He  has also garnered significant Board experience across his career having served and still serving on the Boards of several companies.”

Adeosun stated that stockbrokers had contributed immensely to the growth and development of the economy in general and the capital market in particular saying:

” The success of the banking sector recapitalization exercise of 2005 -2007, was essentially due to the analytic and marketing formation work, done by Nigerian Stockbrokers. The Equity Market has been a source of sustainable wealth creation for individuals and corporate institutions across the country, consistently outperforming the rest of the economy, while proving to be a reliable hedge against inflation. The work of Chartered stockbrokers has therefore contributed significant key to GDP growth and economic development in Nigeria.”

Jalo-Waziri’s Post Investiture’s Response

Responding to his Investiture, Jalo-Waziri appreciated the Institute for the honour and pledged to uphold its ethics that are rooted in the highest level of professional standard by global metrics.

” It is a tremendous honor to be recognized by an esteemed institution that aims to uphold the highest standards of excellence and ethics in the Nigerian Capital Market and the global financial services industry. I am truly humbled by this distinction and pledge to continue to uphold the principles and values that the institute stands for such as professionalism, integrity, and accountability.

” This honour is not just a personal recognition, but a testament to the collective efforts and support of many individuals and organizations who have been instrumental in my professional journey. I hope I can pay it forward as I enrich and shape the professional trajectory of our successors in the field. ”

The historic event attracted many of the Institute’s members of the Board of Fellows. chief executive officers of many stockbroking firms and captains of industries and Jalo-Waziri’s wife Maimuna.


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