National Wire About Nigerians, Nigerian Business and Other Stories
In what market operators has since described as a plus to the stock market, the Board of Central Security Clearing System (CSCS) has appointed Mr. Haruna Jalo Waziri as the substantive Chief Executive Officer of the Clearing House.
Waziri will be taking over from Mr. Bola Adeeko who as acting Chief Executive Officer have been piloting the affairs of the settlement system house in the last couple of months.
He was earlier seconded from the NSE Corporate Service Division to the CSCS.
The appointment of Waziri which is yet to be made known to the brokerage community, according to a close source who was privy to the appointment, said having a substantive CEO at the CSCS is long overdue.
Until his appointment to CSCS, Waziri was an Executive Director, Capital Markets Division at the NSE.
He is expected to assume duties on 1st November, 2017.
An X-ray of his profile showed that Haruna Jalo-Waziri is an economist with over 18 years of Capital Market and Investment Management experience covering Regulation, Deal Origination, Execution as well as Fund Management.
He has been involved in various successful ground breaking deals such as Heineken Euro Bond, and British American Tobacco M&A, among others. Until his coming to the NSE, he was the MD/CEO, UBA Asset Management Limited which he led from 2009.
Prior to this, he worked at the Securities and Exchange Commission (SEC) and Afrinvest West Africa (formerly SECTRUST).
Jalo-Waziri commenced his career in the Quotations Department at The Nigerian Stock Exchange. He also worked at Kakawa Discount House Ltd, where he started the Asset Management Department and rose to become Head of Asset Management; the department eventually transformed to become Kakawa Asset Management Limited.
