SEC approves Chiemeka CEO of Nigerian Exchange
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has approved the appointment of Mr. Jude Chiemeka as the substantive chief executive officer of Nigerian Exchange (NGX).
Chiemeka has been serving as the acting chief executive at NGX Since January 1, 2024, succeeding Mr. Temi Popoola, who transitioned to the role of Group Managing Director and Chief Executive Officer of Nigerian Exchange Group (NGX Group) Plc.
The board of NGX Group yesterday stated that Chiemeka’s appointment took effect from July 1, 2024.
Group Chairman, Nigerian Exchange Group (NGX Group) Plc, Alhaji Umaru Kwairanga described Chiemeka’s appointment as a strategic one that perfectly aligns with the group’s succession plan.
According to him, the appointment reinforces the synergy the group continuously fosters across its operations.
He noted that 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,” Kwairanga said.
Chairman, Nigerian Exchange (NGX), Mr. Ahonsi Unuigbe, said the board of NGX was pleased to confirm Chiemeka’s appointment as chief executive of the Exchange.
“It is our hope and expectation that he will drive growth and innovation, enhance our operational perspectives, democratize investment in the capital market, and unlock opportunities for investors,’’ Unuigbe said.
Group Managing Director, Nigerian Exchange Group (NGX Group) Plc, Mr. Temi Popoola said 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,” Chiemeka said.
Chiemeka described his appointment as an honour, assuring that he would work to maximise value for all stakeholders.
“I am honoured to be appointed as chief executive officer of NGX at this critical period of the Exchange’s history and my sincere appreciation goes to the boards of NGX Group and NGX.
“As we aim to build on our achievements and maximize value for all stakeholders, I look forward to forging strong collaborations with NGX’s exceptional team and the broader capital market community. We are committed to creating a more dynamic and inclusive exchange that fuels Nigeria’s economic growth and competes on the global stage,” Chiemeka said.
Chiemeka brings close to three decades of experience in African securities trading and asset management to his new role. His career includes serving as Executive Director of Capital Markets at NGX and Managing Director at United Capital Securities Limited. He also worked at leading investment banking firms in Nigeria such as Chapel Hill Denham Securities and Rencap Securities (Nigeria). A Fellow of the Chartered Institute of Stockbrokers (CIS), Chiemeka is an alumnus of the University of Lagos, Lagos Business School, and the University of Oxford, United Kingdom.
