The board of the Central Securities Clearing System has approved the re-appointment of the Chief Executive Officer, Mr. Haruna Jalo-Waziri, for another five-year term.
CSCS disclosed this in a statement on Tuesday, saying the company had seen a major boost in its revenue base and had also built strong strategic alliances with other financial market entities across Africa during Jalo-Waziri’s tenure.
It said Jalo-Waziri led the company’s profit growth by 18 percent compound annual growth rate and delivered a 20 percent return on average equity in the 2020 financial year amidst the pandemic.
The Chairman, CSCS, Mr. Oscar Onyema, said the board was impressed with the CEO’s performance and that the foundation built by the team had positioned the firm for its next growth phase.
Onyema said, “That is why we are aiming to consolidate on our gains and diversify the business for sustainable growth.
“On behalf of the board, I congratulate Mr. Jalo-Waziri on this reappointment, which reflects our vote of confidence and greater expectations from him in creating value for shareholders and broader stakeholders of CSCS.”
Jalo-Waziri appreciated the board for the reappointment.
“I am tremendously proud of the talent pool we have built here at CSCS. As we set out to diligently execute our next growth strategy, I am super excited at the future of this great institution and look forward to deepening our partnership with different stakeholders for mutual prosperity,” he said.
He added that he would continue to count on the support of the Securities and Exchange Commission, the board, participants and other stakeholders in deepening the Nigerian capital market.
Prof. Enase Okonedo Announced the New Vice-Chancellor of Pan-Atlantic University (PAU)
The Board of Trustees of Pan-|Atlantic University (PAU) Foundation has appointed Professor Enase Okonedo as the new Vice-Chancellor of PAU.
In a statement on its website, the institution congratulated the new Vice-Chancellor stating that her appointment reflects PAU’s commitment to nation-building by producing industry-ready graduates and by engaging with the community through research and partnership.
The institution that has as its unit the popular Lagos Business School also expressed its firm belief that Professor Enase will take the institution to greater heights considering her pedigree, expertise, passion, and leadership.
Her appointment is coming at a very dare time when there has been an increase in the clamour for the inclusion of more women in major leadership positions. Her appointment will therefore add her to the list of the very few numbers of female Vice-Chancellors in Nigerian Universities.
Before the recent appointment, she had served in various leadership positions including as the Deputy Vice-Chancellor, an office she is still holding. She was appointed Dean of Lagos Business School (LBS) in July 2009 and held the position until December 2020.
In the statement released by the institution, the new Vice-Chancellor’s qualifications and education were listed and praised.
“Over the course of her career, she has risen to become an internationally recognised educator, serving on various boards in the management education industry. She is on the board of Global Business School Network (GBSN), United Nations Principle for Responsible Management Education (UNPRME), and the Academic Advisory Board of Blatnavik School of government, University of Oxford,” the statement said.
“She has served on the board of Graduate Management Admission Council (GMAC), and held leadership positions on the boards of Association to Advance Collegiate School of Business International (AACSB) as Secretary-Treasurer, and the Association of African Business Schools where she was Chairperson.”
Professor Okonedo had her undergraduate education at the University of Benin and graduated with BSc, Accounting in 1987.
She is expected to resume her new role on January 1, 2022.
Delta Air Lines Appoints Nicolas Ferri as Vice President for Africa, Others
Delta Air Lines, an American leading domestic and international airline, has appointed Nicolas Ferri as its Vice President for Europe, the Middle East, Africa and India.
The company disclosed in a statement published on Tuesday.
Ferri would be managing key strategic commercial and customer experience initiatives in the four regions. Therefore, Mr. Ferri will be working closely with Delta’s European joint-venture partners-AirFrance, KLM and Virgin Atlantic.
The leading airline said it is now focusing on rebuilding its trans-Atlantic network.
Alain Bellemare, the President, International, Delta Air Lines, was quoted in the statement as saying, “Delta is the preferred carrier across the Atlantic and Nicolas’ vast international and alliances experience will be vital to our continued success as demand picks up and we reopen travel corridors across the region.
“With customers returning to the skies, we look ahead to 2022 and the rebuilding of our international portfolio with optimism.”
Before his appointment, Ferri served as the chief commercial officer at Delta’s partner, Aeromexico since August 2019.
In this role, he led Aeromexico’s revenue management, network planning, corporate strategy, distribution, global sales, alliances, e-commerce, customer care and loyalty functions.
Adeniyi Falade Appointed as Director Company Board of Custodian Investment Plc
The Board of Custodian Investment Plc at the Board meeting held on October 27, 2021, has approved the appointment of Mr. Adeniyi Falade as a Director on the Company’s Board with effective January 1, 2022.
In a letter signed by the company secretary, Adeyinka Jafojo, the company expressed its deep appreciation to him for his contributions to the board and the company, and his effective leadership during his last office.
Custodian Investment Plc is an indigenous Investment holding company quoted on the Nigerian Stock Exchange (NSE) comprising Custodian and Allied Insurance Limited (CAIL), Custodian Life Assurance Limited (CLA) CrusaderSterling Pensions Limited, Custodian Trustees Limited and Crusader Properties Limited. Until his appointment, he was the Managing Director of CAIL, the General Insurance business subsidiary and a non-Executive Director of Custodian and Allied PLC.
Mr. Adeniyi Falade, a Chartered Accountant and a seasoned Investment Banker, brings a wealth of experience of over three decades in the financial services sector to bear upon the Board. Mr. Falade serves as Director on several Boards in the financial services and real estate sectors of the economy.
He holds a Bachelor of Science degree in Chemistry and a Masters degree in Business Administration (Warwick Business School) and also a Fellow of the Institute of Chartered Accountants of Nigeria and an Associate of the Institute of Chartered Stockbrokers of Nigeria.
Prior to his appointment, Mr Falade was the Managing Director of Crusader Sterling Pensions Limited in 2007, served as the CEO of Lead Capital and Head of Investment Banking Group of Ecobank Nigeria. He is also a member of the board of directors of Custodian Life Assurance Limited, Custodian Trustees Limited and Interstate Securities Limited.
The Custodian Group in its over two decades of operation has achieved great success over the years due to its commitment to ideals such as outstanding service and dedication to customers, innovation and comprehensive systems, processes and operations integration. Consequently, it has become a force to be reckoned with, in the Financial Services Sector of the Nigerian economy.
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