New CIS President To Reposition Stockbroking Profession

The Chartered Institute of Stockbrokers (CIS) has elected a finance professional, Mr. Oluropo Dada, as its 13th president who has promised to reposition the stockbroking profession in the country.

Dada’s election was announced in a statement, signed by the Institute’s registrar and chief executive , Mr Josiah Akerewusi, after the Institute Annual General Meeting (AGM).

The statement said: “Dada,  the Institute’s former 1st Vice President, succeeded the erstwhile president, Mr. Oluwole Adeosun,  whose tenure was characterized by many laudable achievements. Under the new change of baton,  the Institute’s  second vice president, Mrs Fiona Ahimie has also emerged as the first vice president.”

At the annual general meeting(AGM), outgoing president and chairman of the council, Oluwole Adeosun thanked all members of the Institute’s working committees and staff of the secretariat for their commitment and excellent job during the review period.

He stated that, “I re-affirm that the Governing Council and Office Holders shall continue to work hard towards getting the Securities and Investment profession registered in the hearts of young Nigerian scholars as their career of choice, and CIS as the model for other professional bodies to follow.”

Stockbrokers showered encomiums on the outgoing president and his team for many laudable achievements that have raised the bar, including advocacy.

Past president of CIS, Mr Oladipo Aina said, ‘a lot has been done. I wish the outgoing president well. The new Team must deliver more. Every new President and his Team must move the scale up.’

CIS said, “the new president Oluropo Dada  is an accomplished stockbroker, consummate banker, and a Dealing Clerk of The Nigerian Exchange Limited (NGX).  He is a Fellow of the Chartered Institute of Stockbrokers (FCS) where he served as second and first vice president respectively. He is also a Fellow of the Chartered Institute of Bankers of Nigeria (FCIB).

“Dada graduated from Leeds Business School of Leeds Beckett University, United Kingdom where he obtained a Master’s Degree in Corporate Governance.

“Before this, he was at the University of Lagos between 1985 and 1988 where he obtained a Bachelor of Science Degree in Business Administration and later earned a Master in Business Administration (MBA).”

It added that, “Dada is a co-founder and chief executive officer of Network Capital Limited, a Dealing License Holder of the Nigerian Exchange Limited. His work experience covers Stock broking, Issuing House Activities, Credit Appraisal, Accounting, Investment Advisory Services, and General Administration.”