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The Chartered Institute of Stockbrokers (CIS), which the professional umbrella body for stockbrokers in Nigeria, has elected the Group Managing Director of BGL Group, Mr. Albert Okumagba the new president and chairman of Council of the institute.
The election of Okumagba followed the expiration of the tenure of Mr. Ariyo Olushekun at the conclusion of the 19th Annual General Meeting of CIS last week. The institute said in a statement that its Governing Council met and elected new principal officer with Okumagba as president and chairman of Council. Oluwaseyi Abe was elected first vice president and Mr. Adedapo Adekoje second vice president.
Also, five new council members were elected to fill some vacancies. They are: Mr. Lawal Abubakar, Mr. Ayoleke Adu; Oluwole Adeosun; Mr. Okechukwu Unegbu, and Mrs. Nkoli Edoka.
The new president, Okumagba, is also the Chairman; of BGL Securities Limited, BGL Asset Management Limited, BGL Private Equity Limited, I-skill Limited, and Immersion Marketing Strategies (IMS) Limited. He is also a member of the board of directors of NASD Plc.
Prior to joining BGL, he was Manager and Head of Mergers and Acquisitions at Centre- Point Bank Plc (now Unity Bank Plc). vHe holds Bachelor of Science Degree in Economics from the University of Ibadan and a Master of Science Degree in Economics specialising in Monetary Economics, from the University of Lagos. He has attended several courses in multilateral agency credit appraisals, World Bank assisted projects, and corporate finance.
The first vice president, Abe is an Executive Director with Magnartis Finance & Investment Limited. He has over 21 years Investment Banking experience spanning the money and capital markets, treasury and investment banking, asset management, corporate finance, wealth creation and pension management. He has a B.Sc degree from the University of Ife, an M.Sc from the University of Lagos, and an MBA degree.
Adekoje is the Managing Director, Professional Stockbrokers Limited. He attended Baptist Academy, Lagos, Centre for Business Studies, Greenwich London and North –East London polytechnic (now East London University).
He obtained Master of Science degree from University of Hull, Hull England. He is a member, Certified Pension Institute, Institute of Directors, Nigerian Institute of Management (Chartered) and Chartered Institute of Marketing, London.