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SEC endorses appointment of NSE’s CEO, directors

The Securities and Exchange Commission, SEC, has announced that it has endorsed the appointment of the new Chief Executive Officer, CEO, of the Nigerian Stock Exchange, NSE, and other Executive Directors.

According to the spoke’s person of the Commission, “ The Board of the SEC has  ratified the appointment of Mr. Oscar N. Onyema as the new Chief Executive Officer of the Nigerian Stock Exchange, NSE.

The appointment of Mr. Ade Bajomo as Executive Director, IT and Market Operations was also ratified by the Commission.

He noted that the NSE had in separate letters to the Commission on December 21, 2010 and January 13, 2011 conveyed the unanimous  decision of the Council to appoint Mr. Oscar Onyema  as Chief Executive Officer and Ade Bajomo as Executive Director, IT and Market Operations.

According to him “ The Commission is extremely pleased with the rigorous and transparent executive selection process implemented by the Council and Interim Administrator of the NSE, Mr Emmanuel Ikazoboh which led to the emergence of the CEO and ED, IT.

The SEC urges the NSE Council to conclude the executive selection process with the appointment of the additional Executive Directors for  Strategy & Busines Development and Listings.

Mr. Oscar N.Onyema, holds a B.Sc Computer Engineering degree from Obafemi Awolowo University, Ile Ife, Nigeria and an MBA, Finance and Investments, Ziklin School of Business, Baruch College, New York.

Mr. Oscar N. Onyema was a Senior Vice President and Chief Administrative Officer with the  American Stock Exchange (Amex), a position he retained after Amex was acquired by NYSE to form the world’s largest Stock Exchange, NYSEamex in 2008.

He is currently a Council member, Gerson Lehrman Group, Austin, Texas, and also a member of the Security Traders Association of New York and Securities Industry and Financial Markets Association (SIFMA).

Mr. Ade Bajomo, is head, IT programmes and Business Transformation, Africa and Indian Ocean, Barclays Bank, United Kingdom. He holds a B.Sc degree in Engineering from University of Ife, now Obafemi Awolowo University, an M.Sc with distinction in Information Systems and an MBA from South Bank University, and City University (CASS) Business School, London respectively.

Mr. Bajomo has over 23 years experience in Information Technology and Business Aligned Transformations having worked at various times in South Bank University, Deutsche Bank, Generale Bank, Fortis Bank and Pearl Insurance Group, UK.

According to the SEC, “ The Commission is optimistic that Messrs Onyema and Bajomo would bring their professional experiences and expertise to bear in transforming the NSE into a world class Exchange”.


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