The Securities and Exchange Commission (SEC) has approved the appointment of Mr. Jude Chiemeka as the Chief Executive Officer of Nigerian Exchange Limited (NGX), the operating subsidiary of the Nigerian Exchange Group Plc (NGX Group).
The NGX Group in a statement, announced that the appointment takes effect from July 1, 2024.
Mr. Chiemeka has since January 1, 2024, been serving as the acting CEO of NGX, succeeding Mr. Temi Popoola, who transitioned to the role of Group Managing Director and Chief Executive Officer of NGX Group.
The Group Chairman, NGX Group, Alhaji 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”.
The Chairman of Nigerian Exchange Limited, Ahonsi Unuigbe, while commenting on the appointment, 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, democratise investment in the capital market, and unlock opportunities for investors’’.
Mr. Temi Popoola, GMD/CEO, NGX Group said he was 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,” Popoola said.
The CEO, NGX Limited, Chiemeka reacting to his latest appointment said he was honoured to be appointed at this critical period of The Exchange’s history.
“My sincere appreciation goes to the Boards of NGX Group and NGX. As we aim to build on our achievements and maximise 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,”he said.
Mr. 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 MD/CEO 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, Mr. Chiemeka is an alumnus of the University of Lagos, Lagos Business School, and the University of Oxford, UK.
Hauwa Abu
