CSCS Joins International Securities Services Association’s Board

International Securities Services Association (ISSA), has said the Central Securities Clearing System plc (CSCS), Nigeria, has become a member organisation of the Board of Directors of the association.

In a release sent to LEADERSHIP, it said, CSCS became member effective September 2022, the CEO of CSCS, is accordingly appointed to the board of ISSA.

“The ISSA board has set themselves the ambition of ensuring the Association is diverse and fit for the 21st Century, composed of a wide spectrum of firms involved in the Securities Services value chain globally. Welcoming the first African firm as a Board member institution reinforces ISSA’ s aim to ensure relevance and leadership in all regions, and particularly in the growing continent of Africa,” it stated.

ISSA chair, Phil Brown, stated that, “CSCS is a great addition to the ISSA Board, bringing not only in-depth knowledge of Africa, but also a forward-thinking and technologically advanced perspective.

“ISSA is committed to building its brand on the continent and ensuring the relevance of its products to all market segments – and the presence of CSCS on the Board will ensure that ISSA delivers on this commitment. Haruna is a known quantity at ISSA, having served and actively contributed on the Operating Committee. He will undoubtedly bring his skills and personality to the Board, and I am delighted that he will be joining us.”

On accepting the nomination, chief executive of CSCS, Haruna Jalo-Waziri said: “I am delighted to have the opportunity to contribute towards global capital market development.

to deepening my engagement with ISSA towards advancing its crucial role in the global securities services industry for the mutual interest of all members and more importantly the integrity and efficiency of the market.”

According to Jalo-Waziri, “ISSA’s willingness to listen to stakeholders and take proactive actions towards advancing the industry has resulted in concrete positive changes and tremendous knowledge exchange amongst member institutions.

“CSCS joining the Board is an honour for us and we are excited that Africa is duly recognised as a critical part of the global market ecosystem, relevant for driving ISSA’s mission to shape the future of securities services.”