By RUKAYAT ADEYEMI

Chartered Institute of Stockbrokers (CIS) on Tuesday elected Mr Oluropo Dada, as its 13th President and Chairman of Governing Council.

This is in line with the institute’s seamless succession policy and brand positioning.

Mr Josiah Akerewusi, the institute’s Registrar and Chief Executive, announced this in a statement as part of the outcome of the CIS Annual General Meeting (AGM) held in Lagos.

Akerewusi said that Dada, who was the institute’s former first Vice President, succeeded the erstwhile President, Mr Oluwole Adeosun, whose tenure was characterised by many laudable achievements.

He stated that under the new administration, the institute’s second vice president, Mrs Fiona Ahimie, also emerged as the first Vice President.

“By the institute’s tradition, Dada shall be formerly decorated with the paraphernalia of office in a high profile event called investiture at a later date,” the registrar said.

Earlier, the outgone president, Adeosun, thanked all members of CIS working committees and staff of the secretariat for their commitment and excellent job during his tenure.

”I re-affirm that the governing council and office holders shall continue to work hard towards getting the securities and investment profession registered family into the hearts of young Nigerian scholars as their career of choice.

“They would also make the CIS a model for other professional bodies to follow,” he said.

In a remark, a past president of CIS, Mr Oladipo Aina, lauded the outgone team for their many laudable achievements and wished the former president well in his future endeavours.

Aina said: “The new team must deliver more. Every new president and his team must move the scale up.

Dada is an accomplished stockbroker, consummate banker, and a Dealing Clerk of The Nigerian Exchange Ltd. (NGX).

He is a Fellow of the Chartered Institute of Stockbrokers (FCS), where he served as second and first vice president respectively and also a Fellow of the Chartered Institute of Bankers of Nigeria (FCIB).

Dada graduated from Leeds Business School of Leeds Beckett University, United Kingdom, where he obtained a Master’s Degree in Corporate Governance.

Prior to this, he was at the University of Lagos between 1985 and 1988, where he obtained a Bachelor of Science degree in Business Administration and later earned a Masters in Business Administration (MBA).

Dada is also a member of the Chartered Institute for Securities and Investment (MCSI), United Kingdom, as well as the Chartered Institute of Directors (C-IOD), Nigeria.

He was a former member of the Senior Management Staff of Marina International Bank Ltd., which later merged with Access Bank Plc, where he doubled as Group Head,Capital Market Division.

Dada was a General Manager/Chief Operating Officer of Marina Securities Ltd., now part of Coronation Securities Ltd.

He is a co-founder and Chief Executive Officer of Network Capital Ltd., a Dealing License Holder of the NGX.

His work experience covers stock broking, Issuing House activities, credit appraisal, accounting, Investment Advisory Services, and General Administration. (NAN)

Update news