Founding Chairman and Chief Executive Officer of Dunn Loren Merrifield Group, Sonnie Ayere was this Wednesday 31st August 2016, presented as the new President, Association of Issuing Houses of Nigeria (AIHN) at an investiture ceremony held in Lagos.
The presentation of Ayere and other key principals of AIHN was part of activities in the association’s Annual General Meeting. The immediate past chairman of AIHN, Victor Ogiemwonyi commented that credibility and transparency of operational transactions in the market would help boost the confidence of Issuing Houses in Nigeria.
In his address to members of the association, Sonnie Ayere called for a unified frontier by partnering with allied bodies such as the Chartered Institute of Stock Brokers (“CIS”), Pension Fund Operators Association of Nigeria (“PenOps”), Fund Management Association of Nigeria (“FMAN”), Association of Corporate Trustees (“TACT”) in resolving pertinent challenges that currently affect the efficiency of service delivery in the financial markets. “We will invest in the education of our markets, investors and where necessary, regulators to ensure we achieve a positive change in the way our industry operates.
When successful, universal securities firms should hopefully begin to operate and service investors and clients across a wholesome, viable and sustainable financial market, with access to sustainable liquidity to finance their operations. As such, these firms will be able to build very strong institutions, intermediate better, create lots of high value jobs, contribute to financial market stability and facilitate a much better market for capital raising and trading.”
Ayere said. Ayere also requested for the consideration of flexible fee structures, as an incentive within the market to accommodate interest of Issuing Houses in providing varied level of services to small and large transactions for companies. DLM 2016 Sonnie Ayere as the new chairman of AIHN brings an injection of forward-thinking innovations, having over 23years experience in corporate and structured finance, corporate banking and asset management.
He is registered with the Financial Services Authority (FSA) in the United Kingdom and is a Fellow, Institute of Credit Management of Nigeria as well as Fellow of the Association of Investment Advisors & Portfolio Managers. Other new principals of the Association of Issuing Houses of Nigeria include, Chuka Eseka, CEO – Vetiva Capital Management as 1st Vice President and Ike Chioke, CEO – Afrinvest as the 2nd Vice President. Founded in 1996, the Association of Issuing Houses of Nigeria (AIHN) is a self-regulatory body for investment banks registered for Issuing Houses operation by the Securities and Exchange Commission to perform the applicable functions as an issuing house.
With thirty-one Issuing Houses in the association, the objectives of AIHN are to set professional and ethical standards for its registered members, promote and protect the interest of its members in the exercise of their duties as issuing houses among others. Tenure of AIHN’s new executives will last for a period of two years and renewable on re-election by the member companies of the association.