The board of NGX Group Plc has appointed Olufemi Shobanjo as the new CEO of NGX Regulation Limited (NGX RegCo), effective February 28, 2024. Shobanjo succeeds Tinuade Awe, who completed her tenure on the previous day.
Olufemi Shobanjo brings a wealth of experience to the role at NGX, having worked in corporate and commercial law, compliance and regulation, as well as banking and financial markets for over 18 years. He previously served as the Head of Broker-Dealer Regulation at the company.
The NGX Group Plc board noted confidence in Shobanjo’s ability to lead NGX RegCo and maintain the integrity of the Nigerian capital markets. His experience and qualifications place him in a good position to scale through the complexities of the financial industry.
Before he was appointed CEO, Shobanjo was highly involved in developing and implementing regulatory strategies, policies, and procedures at NGX RegCo. His deep understanding of the regulatory sector will be very useful in his new role.
The board also acknowledged and appreciated Ms. Awe’s contributions to NGX RegCo during her tenure as CEO. They wished her success in her future endeavors.
The appointment of Shobanjo ensures a smooth transition in leadership at NGX RegCo. His expertise within the organization makes him well-suited to continue the company’s success.
Shobanjo’s expertise in finance, management, and strategy makes him the perfect fit to continue the company’s resilient success journey.
His leadership style is characterized by fairness, transparency, and collaboration, which will help facilitate a positive work culture and encourage employees to their highest level of capabilities.Â
Shobanjo, with NGX RegCo, is focused on maintaining the integrity and stability of the Nigerian capital markets. His leadership will help in promoting a transparent and efficient market environment, supporting the organization well to continue its important role in regulating the Nigerian capital market.
