Mr. Temi Popoola is set to assume office as the GMD/CEO of Nigeria Exchange Group Plc (NGX ticker: NGXGROUP) as he becomes the GMD/CEO designate effective 1 January, 2024, subject to SEC’s formal approval of the appointment.
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In a press release by the Group on Friday, stated that it has received the Securities and Exchange Commission (SEC’s) No-Objection to the announcement of Mr. Papoola as the GMD/CEO designate.
The current GMD/CEO, Mr. Oscar N. Onyema, OON will finish his tenure on 31 March 2024 and ahead of this, he will embark on his terminal leave effective 1 January 2024.
Mr. Temi Popoola is currently the CEO, NGX and a member of NGX Group Executive Committee chaired by Mr. Onyema.
He began his career in London as a portfolio manager focused on African energy markets and worked for several years as a senior equity derivatives trader with Bank of America Securities in New York.
A Wall Street-trained investment banker, Mr. Popoola joined NGX in 2021 as CEO from Renaissance Capital (Rencap) where he was the Managing Director and CEO for West Africa.
At NGX, he oversaw and supported its continuous growth, profitability, and success by providing strategic market insight and leadership.
Mr. Popoola graduated with a first-class degree in Chemical Engineering from University of Lagos and holds a Masters’ degree from Massachusetts Institute of Technology (MIT). He is a Chartered Financial Analyst (CFA) and a Chartered Stockbroker (CIS).
Mr. Jude Chiemeka has also been appointed as the Acting Chief Executive Officer (CEO) of Nigerian Exchange Limited (NGX) effective 1 January 2024.
Mr. Chiemeka is currently the Executive Director of Capital Markets responsible for Trading, Products Development and Listings at NGX.
He is a member of NGX Executive Committee chaired by Mr. Popoola. He has over twenty- nine (29) years’ experience in Securities Trading and Asset Management across markets in Africa.
Prior to joining NGX, he was the MD/CEO of United Capital Securities, a subsidiary of United Capital Plc listed on NGX.
He is a Fellow and Council Member of the Chartered Institute of Stockbrokers (FCS), a Member of the Institute of Directors (IOD), a Fellow of the Association of Investment Advisers and Portfolio Managers and an Associate of the Certified Pension Institute of Nigeria.
He is also an alumnus of the University of Lagos, Lagos Business School and the University of Oxford, UK.
The outgoing GMD/CEO, Mr. Oscar N. Onyema, OON, led the stabilization, growth, demutualization and restructuring of The Nigerian Stock Exchange to NGX Group Plc, a public company limited by shares, which is a significant milestone in the organisation’s history. He also led the listing of the Company on the main board of NGX.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
