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Asset custodians seek more foreign investment

By on May 26, 2015

The Association of Assets Custodians of Nigeria has met with foreign investors in its bid to showcase investment opportunities in the Nigerian capital market.

The association, which has over time stressed the need for more visibility for the nation capital market, met with the foreign investors in London at its fourth Annual Investor Conference, which involved representatives of the Central Bank of Nigeria, the Nigerian Stock Exchange and other key market operators.

A statement from the AACN said the event was attended by a wide segment of international investors, global custodians and traders across Europe.

“The general feedback was that Nigeria offers a unique and worthy example to other markets in its initiative to put Nigerian regulators and market participants in the same room as international investors, traders and custodians in London and discusses the market in an open, transparent and welcoming manner on an annual basis,” the statement said.

The conference, which had the theme, ‘Nigeria: Navigating changes, extracting opportunities,’ was opened by the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, who was represented by the Director of Reserve Management, Mr. Lamido Yuguda.

The conference also provided in-depth informative and exploratory sessions, aligned to the theme of the event, through presentations from the Executive Director, Market Operations and Technology, Nigerian Stock Exchange, Mr. Adeolu Bajomo; the Managing Director and Chief Executive Officer, Central Securities Clearing Systems Plc, Mr. Kyari Bukar; and the Head, Business Development, FMDQ, Ms. Tumi Sekoni, among others.

Panelists at the event include the Director-General, Debt Management Office, Dr. Abraham Nwankwo; the Managing Director and Chief Executive Officer, Chapel Hill Denham, Mr. Bolaji Balogun; and the Head, Securities Services, Citibank, Mrs. Kemi Adewole, among others.

Founded in 2009, the members of the association are Citibank Nigeria Limited, First Bank of Nigeria Limited, First City Monument Bank Plc, Stanbic IBTC Bank Limited, Standard Chartered Bank Limited, and United Bank for Africa Plc.

The association is dedicated to the development of the Nigerian Capital market as well as establishing best global practice standards in all aspects of the Nigerian securities market.

It promotes custody business in Nigeria by seeking ways to make the Nigerian securities market more attractive for investors.

 

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