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NSE renews Bajomo's contract for another 5-year term

The Nigerian Stock Exchange on Tuesday approved the renewal of Mr Ade Bajomo’s contract as the Executive Director, Market Operations and Technology, for another five-year term.

Bajomo’s current five-year term will expire on May 22.

Mr Oscar Onyema, the NSE’s Chief Executive Officer, announced this in a statement in Lagos, a copy of which was obtained by the News Agency of Nigeria (NAN).

The statement said the contract renewal was as a result of the successes Bajomo achieved at the exchange.

It noted that Bajomo had been leading the “transformational changes in technology, operations, market data, market services and information technology’’ of the exchange since 2011.

“The renewal reflects not only the successes he has achieved since joining the Exchange in leveraging technology to scale up our market and business processes efficiently, but our commitment to enhancing and sustaining its competitiveness and growth.”

Reacting to the re-appointment, Bajomo lauded the NSE’s National Council and Onyema for the confidence reposed in him.

“I am privileged to work with some of the most talented people in this space and together with my team, we will continue to drive the application of robust and market aligned solutions to grow our market.”

NAN also reports that Bajomo is currently a board member of NASD Plc., a leading Nigerian-based OTC platform.

He also chaired the market infrastructure and technology committee of the Nigerian Capital Market Committee from 2014 to 2015 and was a member of the 2015 Capital Market Master Plan Committee. (NAN)

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