CSCS Appoints Jalo-Waziri Substantive MD

Board of Directors of the Central Securities Clearing System (CSCS) Plc has announced the appointment of Mr. Haruna Jalo-Waziri as the Managing Director/ Chief Executive Officer of the company effective November 1, 2017.

Jalo-Waziri replaces Mr. Bola Adeeko who was appointed Interim Chief Executive Officer effective January 1, 2017. As Managing Director/Chief Executive Officer of CSCS, Jalo-Waziri is expected to drive the next phase of CSCS strategic goals in respect of diversification of the company’s revenue base, promoting strategic alliances with peer Central Securities Depositories and other financial market entities within and across the African region, as the company continues to advance towards becoming the globally respected and leading Central Securities Depository in Africa.

Commenting on the appointment, the Chairman of CSCS Plc, Mr. Oscar Onyema said: “Jalo-Waziri has vast industry knowledge coupled with a clear understanding of the company’s values and strategic vision. He has been involved in several innovations in the capital markets. These attributes make him a right choice to effectively lead our company”.

Onyema also commended the out-going Interim Chief Executive Officer, Mr. Bola Adeeko for his accomplishments during his short stint, saying “Adeeko has done tremendously well in executing the approved plans and objectives of the company which has led to significant improvements in operations and profitability of the company.”

Jalo-Waziri was until his appointment the Executive Director, Capital Markets, the NSE. An economist with a record of professional and leadership excellence, he brings to CSCS a wealth of experience spanning over 20 years in capital market. His experience covers regulation, investment management, deal origination and trading.

A consummate professional, Jalo-Waziri was the CEO of UBA Asset Management Limited and UBA Stockbrokers Limited. He also founded Kakawa Asset Management Limited. Prior to this, he had worked at the Securities and Exchange Commission (SEC) and Afrinvest West Africa (formerly SECTRUST).

Jalo-Waziri is a graduate of the University of Maiduguri where he studied Economics and has an MBA from Tafawa Balewa University Bauchi. He is an alumnus of Lagos Business School and the Venture Capital Institute of America.