CIS council elects Abe president

The Council of the Chartered Institute of Stockbrokers (CIS) has elected Mr Oluwaseyi Abe as the President and Chairman of the Governing Council of the Institute.
Also, the duo, Mr Adedapo Adekoje and Mr Olatunde Amolegbe have been elected as the First Vice President and Second Vice President respectively. The election of the principal officers was announced during the Council’s meeting immediately after the Institute’s Annual General Meeting (AGM) on Tuesday.
Prior to his election, Abe, a fellow of the CIS was the Acting President and he had served in several capacities at the Institute.
Abe, a distinguished financial market operator brings into the saddle, a robust wealth of experience spanning over two decades in Investment Banking, Money and Capital Markets, Pension Management Treasury, Asset Management, Corporate Finance and Wealth Creation among others.
He was groomed as an investment banker in the then Oba Oladele Olashore led Lead Bank. Abe, the former Chief Investment Officer of AIICO Pensions Managers has recorded many milestones in the Pension industry. He is a renowned consultant both locally and internationally.
Abe who sits on the boards of many companies holds Bachelor of Science Degree in Sociology and Anthropology from University of Ife (Obafemi Awolowo University) where he emerged the overall best graduating student in his department in 1988. He also holds Masters of Science Degree in Marketing from University of Lagos and capped it with a Master of Business Administration (MBA).
He is an alumnus of the prestigious New York Institute of Finance in the United States of America and the Executive Programme of African University (Lagos Business School) among others.
Adekoje, a fellow of the Institute was until his election, the second vice president. He has a very strong background in marketing and general administration. Adekoje’s over two decades experience is acclaimed for his exceptional devotion to building and leading integrated and marketing operation for high profile companies.
He is a graduate of Centre for Business Studies, Greenwich, London with Master’s Degree from University of Hull, London. He is a member of the London Chamber of Commerce, Institute of Management Specialist, London and Institute of Directors among other
Amolegbe also a fellow had served on the Institute governing Council from between 2011 and 2014. He was a member of the Institute Continuous Professional Development (CPD) and member hip committees at various periods.
Amolegbe’s track records spanned Banking, Pension Management and Securities Market. He was instrumental to the implementation of Investment policy and strategy for N50 billion in assets under management as the pioneer Chief Investment Officer at Legacy Pension (PFA) Limited in 2005.
Amolegbe holds Bachelor’s Degree and Master of Business Administration (MBA). He is presently working on his dissertation for the award of M.sc in Corporate Finance from the prestigious Rusell-List University, United Kingdom.
Addressing the stockbrokers at the Annual general Meeting, Abe explained that the Institute embarked on cost cutting measures in view of the financial squeeze that affected its operations in recent time.
He thanked those who served the institute at various capacities in the review period. He also expressed appreciation to the former President, Mr Albert Okumagba for his contribution to the growth and development of the CIS.
The Registrar and Chief Executive, Mr Adedeji Ajadi appealed to the members who have defaulted in their membership dues to pay in order to enable the Institute settle its backlog of debts.
Ajadi explained that the Institute’s efforts at growing the membership base and attracting youths to the Diploma programme in Securities and Investment had been yielding good result.
Stockbrokers generally commended the Institute for weathering the storm and urged the Officers to strive further in order to execute the lofty programmes designed to ensure global competitiveness.