The appointment of Jude Chiemeka because the Chief Govt Officer (CEO) of the Nigerian Change Restricted (NGX) has continued to generate widespread acclaim from trade professionals, who consider his in depth expertise and confirmed management qualities will drive NGX in direction of sustained success.
Chiemeka, a seasoned govt with a sturdy background in finance and administration, brings over 30 years {of professional} expertise in securities buying and selling, asset administration, and funding banking throughout African markets. He joined the Nigerian Inventory Change because the Divisional Head of Buying and selling Enterprise in February 2019 and have become the Divisional Head of Capital Markets in 2021. Earlier than his present place, he was the Govt Director of Capital Markets at NGX.
As Chiemeka steps into his new position, the Securities and Funding Empowerment Community (SIEN), a distinguished skilled group within the finance sector, has described his appointment as a transformative drive able to deepening development and additional enhancing confidence available in the market.
The group in an announcement signed by its President, Dr. Albert Ogunseyinde, mentioned Chiemeka’s in depth expertise gives him with a deep understanding of the complexities of the {financial} markets and the strategic imaginative and prescient wanted to navigate them.
“Chiemeka’s appointment as CEO of NGX is a testomony to his distinctive management skills and in depth trade expertise,” mentioned Ogunseyinde. “His deep understanding of the {financial} markets, coupled together with his strategic acumen, makes him the perfect particular person to guide NGX into a brand new period of development and innovation.
“His amiable management type, characterised by a dedication to excellence and a give attention to stakeholder engagement, has earned him a status as a transformative chief. His earlier roles have demonstrated his capacity to drive organizational change, improve operational effectivity, and foster a tradition of transparency, accountability and empathy.”
Earlier than becoming a member of the Change, Chiemeka labored at United Capital Securities Restricted, a subsidiary of United Capital Plc. Because the Managing Director/Chief Govt Officer, he led vital initiatives similar to the primary cross-border buying and selling beneath the West African Capital Market Integration initiative. He was additionally instrumental in technique, market penetration, product improvement, and shopper administration. Notably, he spearheaded the issuance and itemizing of the primary Eurobonds Mutual Fund ($10M) on the Nigerian Change Restricted and launched the Wealth for Girls Mutual Fund, the primary gender-focused mutual fund listed on the Change.
Earlier than his tenure at United Capital Plc, Chiemeka served because the CEO/MD of Chapel Hill Denham Securities. On this position, he was answerable for technique, management, product improvement, and buyer relationship administration. Below his management, the agency ranked among the many prime 10 brokerage companies, accounting for over 70% of market trades with a 4% market share. Earlier than that, he was the CEO/MD of RenCap Securities (Nigeria) Restricted, a subsidiary of Renaissance Capital Plc, the place he dealt with buyer relationship administration, buying and selling, administration experiences, budgets, and shopper acquisition.
In 2008, he was the Head of Securities Buying and selling at Afrinvest West Africa Ltd, managing fixed-income and equities transactions throughout African markets for worldwide and home institutional shoppers. He participated in a number of landmark transactions, together with the primary World Depository Receipts (GDR) transaction on the Nigerian Inventory Change, Nigerian Worldwide Debt Fund, and Reverse GDR trades. His profession started in 1994 at Dominion Belief Restricted.
SIEN mentioned with Chiemeka’s boisterous resume, NGX is anticipated to bear vital developments beneath his management. The group mentioned trade specialists anticipate that his strategic initiatives will give attention to leveraging know-how to boost buying and selling processes, enhancing market accessibility, and fostering investor confidence.
Chiemeka’s imaginative and prescient for NGX aligns with the broader targets of positioning the change as a number one participant within the international {financial} markets. The Nigerian Change Restricted performs a vital position within the nation’s {economic} improvement by facilitating capital formation and selling funding alternatives. With Chiemeka on the helm, we’re assured that NGX will proceed to contribute considerably to the expansion and diversification of Nigeria’s economic system,” mentioned Ogunseyinde.
“There’s now a palpable sense of optimism about the way forward for the Nigerian Change Restricted because the {financial} neighborhood appears to be like ahead to a brand new period beneath Chiemeka’s management. Together with his in depth expertise, strategic imaginative and prescient, and dedication to excellence, we consider Chiemeka is properly positioned to steer NGX in direction of a path of sustained success and better prominence within the international {financial} ecosystem.”
Chiemeka, is a Fellow and Council Member of the Chartered Institute of Stockbrokers (FCS), a Member of the Institute of Administrators (IOD), and the Chartered Institute for Securities & Funding (CISI), UK. He’s additionally a Fellow of the Affiliation of Funding Advisers and Portfolio Managers and an Affiliate of the Licensed Pension Institute of Nigeria. He holds levels from the College of Oxford, UK, Lagos Enterprise School, and the University of Lagos. He’s married to Temitayo Chiemeka and they’re blessed with Kids.
