CIS elevates Jalo-Waziri, CSCS CEO to Fellow

Haruna Jalo-Waziri, the Managing Director and Chief Executive Officer of Central Securities Clearing System (CSCS) PLC, has been elevated to a Fellow of Chartered Institute of Stockbrokers by the institute’s Board of Fellows.

In his welcome address, President and Chairman of the institute’s governing council, Mr Oluwole Adeosun, who paid tributes to Jalo-Waziri’s professional contributions to market development, explained the modalities for attaining the exalted position of Fellowship.

“As an important background , i need to explain that full membership of CIS begins at the Associate Level, while Fellowship is the highest category. To be a Fellow, a member must in addition to professional excellence, pass the moral and integrity tests in flying colours. Our investee of today (Jalo-Waziri) has done just that.

“Jalo is the Chief Executive Officer of Nigeria’s premier financial market Infrastructure company, the Central Securities Clearing Systems (CSCS) Plc, which provides depository, clearing and settlement of financial assets across multiple exchanges in the Nigerian Capital Market.

“He is a consummate professional with executive experience spanning close to three decade, in investment banking, securities trading, pension funds administration and conventional asset management, business development, capital trade point and capital market regulation. He has also garnered significant board experience across his career, having served and still serving on the boards of several companies,” says Adeosun.

He stated that stockbrokers had contributed immensely to the growth and development of the economy in general and the capital market in particular.

“The success of the banking sector recapitalisation exercise of 2005 -2007 was essentially due to the analytic and marketing formation work, done by Nigerian stockbrokers,” he said.

The Equity Market has been a source of sustainable wealth creation for individuals and corporate institutions across the country, consistently outperforming the rest of the economy, while proving to be a reliable hedge against inflation. The work of Chartered stockbrokers has therefore contributed significant key to GDP growth and economic development in Nigeria,” he said.

Responding to his Investiture, Jalo-Waziri appreciated the Institute for the honour and pledged to uphold its ethics that are rooted in the highest level of professional standard by global metrics.

“It is a tremendous honor to be recognized by an esteemed institution that aims to uphold the highest standards of excellence and ethics in the Nigerian Capital Market and the

global financial services industry. I am truly humbled by this distinction and pledge to continue to uphold the principles and values that the institute stands for such as professionalism, integrity, and accountability.

This honour is not just a personal recognition, but a testament to the collective efforts and support of many individuals and organizations who have been instrumental in my professional journey. I hope I can pay it forward as I enrich and shape the professional trajectory of our successors in the field,” he said .

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