Stockbrokers Elect Adekoje President
The Governing Council of the Chartered Institute of Stockbrokers (CIS) has elected Mr Adedapo Adekoje as its president. Prior to his election, Adekoje was the institute’s first vice president. He succeeds Mr Oluwaseyi Abe, who has completed his tenure.
Adekoje’s election was endorsed by the Council at a closed- door meeting immediately after the institute’s annual general meeting (AGM) at the Nigerian Stock Exchange (NSE). The election was in line with the institute’s seamless succession plan whereby the first vice president emerges the president. By the latest structure, Mr Tunde Amolegbe, who was the second vice president, has been elevated as first vice president while Mr Wole Adeosun was elected as the second vice president.
Adekoje, a fellow of CIS and Chief Executive Officer, Professional Stockbrokers is a multi-talented executive with cognate experience spanning management, finance, sales and marketing. With a Masters Degree in Management from the University of Hull, United Kingdom, Adekoje has held several management positions both in Nigeria and abroad.
Prior to his election at the weekend, Adekoje had held several positions at the institute, including head, Membership Committee, among others.
Meanwhile, Abe had announced the Council’s approval for scholarship for the capital market correspondents to pursue a career in investment and securities market to enhance their reportage of capital market activities.
Abe explained that the Nigerian capital market has been on the global map over the years and the role of the financial press cannot be underestimated.
According to him, the market is dynamic and there is a need to empower the press by ensuring that capital market correspondents understand the dynamics of the market for professional reportage of the market.
He stated that details of the award including specialised training and provision of course materials would be worked out by the Secretariat and the institute’s media consultant soon.
The Council meanwhile commended Abe whose administration had raised the bar for the professional body in all performance indicators. The Council noted some of the achievements of Abe to Council’s approval of conferment of Honourary Fellowship on four eminent Nigerians for the first time in the history of the institute, acquisition of a Secretariat for the institute and introduction of Specialised Professional Certification (SPC).
Other highpoints of Abe’s tenure included partnership with tertiary institutions for early enrolment of youth into the CIS, significant improvement in members’ participation in the institute’s functions, an indication of renewed confidence, returning the Institute to profitability, re-launch of Nigerian Stockbroker Magazine for enhanced professionalism and award of scholarship for capital market correspondents for deeper knowledge of capital market operations, among others.
Addressing members during the AGM, Abe expressed optimism that the institute will continue to improve. “We believe that 2018 holds promises for improved operating performance, given the renewed interest in the securities dealing profession arising from the 2017 performance of the Nigerian capital markets, and a reinforcement of our strategies to widen membership and student base,” Abe said.
Commenting on Abe’s tenure, a stockbroker, Mr Garba Kurfi, noted that the acquisition of a new head office and returning the institute to profitability stood out among other achievements.
He urged stockbrokers to ensure prompt payment of their annual dues to support the institute’s financial obligations.