Following the approval of the Securities and Exchange Commission (SEC), Jude Chiemeka has assumed the position of Chief Executive Officer of Nigerian Exchange Limited (NGX or The Exchange).
NGX Group, in a recent release, announced that the new appointment, at its operating exchange subsidiary, takes effect from July 1, 2024.
Chiemeka has been been working as the acting CEO of NGX, Since January 1, 2024 after succeeding Temi Popoola, who transitioned to the role of Group Managing Director and Chief Executive Officer of NGX Group.
He brings a wealth of experience, spanning three decades, in African securities trading and asset management to his new role.
Chiemeka has served as Executive Director of Capital Markets at NGX and MD/CEO at United Capital Securities Limited.
He is also experienced as an investment banker having served in various capabilities at leading investment banking firms in Nigeria including Chapel Hill Denham Securities and Rencap Securities (Nigeria).
A Fellow of the Chartered Institute of Stockbrokers, Chiemeka is an alumnus of the University of Lagos, Lagos Business School, and the University of Oxford in UK.
Dr. Umaru Kwairanga, Group Chairman, NGX Group, said Chiemeka’s strategic appointment is in tandem with the Group’s succession plan and reinforces the synergy across its operations.
“Chiemeka’s extensive experience and proven leadership qualities are invaluable assets that will propel NGX towards long-term success.
” Under his leadership, I am confident that NGX will play an even more pivotal role in contributing to the sustainable growth for both Nigeria’s and Africa’s economies”. Dr. Kwairanga stated.
Ahonsi Unuigbe, Chairman of Nigerian Exchange Limited, on behalf of the Board of NGX, expressed delight at Chiemeka’s appointment as CEO of The Exchange.
He believes in Chiemeka’ s ability to l drive growth and innovation, enhance the Group’s operational perspectives, democratize investment in the capital market, and unlock opportunities for investors.
For his part, Temi Popoola, GMD/CEO, NGX Group, showed optimism that Chiemeka’s extensive experience and deep understanding of the markets will be crucial in driving NGX’s growth while aligning with the Group’s broader strategy.
“I look forward to working closely with him to unlock value and to create new opportunities for stakeholders across the entire NGX Group ecosystem”. Popoola said.
In his remark, Chiemeka pledged to upscale stakeholders’ value through collaborative efforts and commitment to creating a dynamic and inclusive environment for global competitiveness and Nigeria’s economic growth.
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