The Nigerian Exchange Group Plc has announced the appointment of Jude Chiemeka as the Chief Executive Officer of Nigerian Exchange Limited, following the Securities and Exchange Commission’s approval.
This was disclosed in a statement by NGX on Thursday.
According to the statement, the appointment is to take effect from July 1, 2024.
Recall, Mr. Chiemeka has been serving as NGX’s acting CEO since January 1, 2024, succeeding Mr. Temi Popoola, who has been appointed Group Managing Director and Chief Executive Officer of the NGX Group.
In the statement, Mr. Chiemeka is said to brings over three decades of experience in African securities trading and asset management to his new position. He has worked as Executive Director of Capital Markets at NGX and MD/CEO at United Capital Securities Limited.
He also worked for Nigeria’s biggest investment banking businesses, Chapel Hill Denham Securities and Rencap Securities (Nigeria). Mr. Chiemeka, a Fellow of the Chartered Institute of Stockbrokers, is a graduate of the University of Lagos, Lagos Business School, and the University of Oxford, UK.
Commenting the appointment of Chiemeka, the Group Chairman, NGX Group, Alhaji (Dr) Umaru Kwairanga, stated, ‘‘This strategic appointment aligns perfectly with our succession plan and reinforces the synergy we continuously foster across our group operations. Mr. 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.”
Meanwhile, the Chairman of Nigerian Exchange Limited, Mr. Ahonsi Unuigbe, said, “The Board of NGX is pleased to confirm Mr. Chiemeka’s appointment as CEO 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.”
In his remark, GMD/CEO, NGX Group, Temi Popoola noted “I am delighted to see Mr. Chiemeka step into the role of CEO of NGX. His extensive experience and deep understanding of our markets will be crucial in driving NGX’s growth while aligning with our broader group 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.”
Commenting in his appointment, Chiemeka remarked, “I am honored to be appointed as CEO 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.”
