President of the Association of Assets Custodians of Nigeria, (AACN), Mrs. Kemi Adewole has said that the Association has achieved increased market visibility in its few years of operation.

Adewole who disclosed this during the 2016 annual general meeting of the Association in Lagos, said that as a key securities market group, courtesy calls were made to the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele; Director General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo; as well as the CEOs of the Nigerian Stock Exchange (NSE) and the Central Securities Clearing Systems Plc (CSCS).

She said, “We achieved regular engagements with key market regulators on topical issues affecting the Nigerian securities market. Improved collaboration with other Capital Market Operators (CMO) groups, The Association has developed a working relationship with other CMO groups. The successful hosting of the 4th Annual Investor Conference that was held in London, UK was adjudged the best so far in terms of recorded participants, quality of speakers and the issues discussed.”

The six member institutions of the Association were ably represented at the annual general meeting.

Adewole stated that the tenure of the current leadership of the Association commenced after the 2nd annual general meeting held in 2014.

At the end of the meeting, Adewole announced that she was stepping down as the President of the Association and the office was ceded to Mrs. Taiwo Sonola who was until then a Vice President of the association. Taiwo will act as the president of the Association until the next election.

Sonola thanked Adewole for her exceptional leadership of the Association and promised her commitment to continue from where she left.

Founded in 2009, the members of the Association are Citibank Nigeria Limited, First Bank of Nigeria Limited, First City Monument Bank PLC, Stanbic IBTC Bank Limited, Standard Chartered Bank Limited, and United Bank for Africa (UBA) PLC.