‘Biodun Adebimpe
PRESIDENT
‘Biodun Adebimpe is the President of Association of Asset Custodians of Nigeria (AACN) and West African regional head of Custody Services for Rand Merchant Bank (RMB), a division of First Rand Group. Prior to joining RMB in January 2019, he was the West African head of Securities Services/Cash Sales for Investors & Intermediaries business of Standard Chartered Bank. While at Standard Chartered Bank, he led the Custody business through a phenomenal growth phase, increasing the bank’s share of total assets under custody significantly.
Before Standard Chartered Bank, ‘Biodun held various managerial roles within the Corporate & Investment Banking division of Stanbic IBTC Bank Plc, the last being Senior Relationship/Sales Manager, Investor Services (Custody). He played a leadership role in Stanbic IBTC Bank’s Custody business growth over the period he was there. He was also a part of the team that formulated the post-merger corporate and investment banking strategy of Stanbic IBTC Bank in 2009.
‘Biodun has been actively involved in various market advocacy efforts in Nigeria and other West African countries. He is a member of the Securities & Exchange Commission (SEC)’s apex market advocacy group, the Capital Markets Committee (CMC). He served as the General Secretary of the Association of Assets Custodians of Nigeria (AACN) between December 2014 and January 2019 during when a number of securities market development initiatives were successfully implemented. He was also a member of the Market Working Group that developed the operational process flows and drafted rules for Market Making/Short Selling and Securities Lending products for Nigeria 2011/2012.
He has close to 20-year post-graduation experience covering external auditing, financial reporting, equities brokerage, corporate & investment banking, business management, corporate actions processing, cash & stock reconciliations, relationship management, custody sales, among others. ‘Biodun holds a Bachelor of Science degree in Accounting from the University of Ilorin, Nigeria where he emerged as the best graduating student in Accounting & Finance department and faculty of Business & Social Sciences for the 2002/2003 academic session. He also emerged the overall best professional examinations student of the Institute of Chartered Accountants of Nigeria (ICAN) in 2014 and qualified as a chartered accountant in 2005. He is a fellow of ICAN and an associate member of the Chartered Institute for Securities & Investment (CISI), UK. He was appointed to the Nigerian National Advisory Council (NAC) of CISI UK in January 2019.
BABATUNDE MAJIYAGBE
VICE PRESIDENT
Babatunde Majiyagbe is the Chief Executive for Stanbic IBTC Nominees Limited, a subsidiary of Stanbic IBTC Bank PLC, and a member of the Standard Bank Group. He is responsible for the Investor Services business in Nigeria driving the strategic planning and execution of the Custody business.
Prior to this role, he was Executive Director for 3 years looking after the Product Management agenda focusing on Project delivery, Market advocacy, Risk Management, and future growth strategy for the Investor Services business.
He has about 15 years’ experience in Transactional Banking, Information & Communications Technology, Product Management, Cash Management with specialization in liquidity management, Payments & working capital optimization. His technical skills have enabled him Implement complex working capital initiatives, deliver electronic banking Solutions using appropriate Project Management methodologies.
Babatunde has a BSc. in Computer Science from Olabisi Onabanjo University Ago-Iwoye and a Master’s degree in Managerial Psychology from the University of Lagos. He is also an executive alumnus of the prestigious Massachusetts Institute of Technology (MIT) Boston where he bagged a Certificate in Strategy & Innovation. He also has a Certificate in International Cash Management (CertICM) from the Association of Corporate Treasurers UK (ACT UK). His core competencies include Product development, Product Management, Project Management, Risk Management, Sales, Product Innovation, etc.
Babatunde is involved in various capital market initiatives including:
- The eCCI (Electronic Certificate of Capital Importation) Steering committee which saw to the upgrade, digitization & revamping in the process, issuance, and management of the Foreign Exchange Control tool
- Member of Focus Group of CEOs of Dealing Member Firms who are looking at creating more liquidity in the Capital Market leveraging Securities Lending and Short Selling. He led the team responsible for the first Securities Lending transactions in Nigeria in December 2017
- Project Managed an effort by the Settlement Bank working with the FMDQ OTC Exchange in creating an alternate Fixed Income Securities market for smaller financial institutions called the Dealing Member Specialists (DMS) initiative.
- Played a key role in the Proof of concept with the Depository (CSCS) to use Blockchain for Corporate Action announcements. Member of the Focus Group on Market-wide Know Your Customer (KYC) amongst others.
He is a member of the Nigerian Institute of Management (NIM), Institute of Directors (IOD), Nigerian Computer Society, Association of Corporate Treasurers UK (ACT UK), and Council Member of the Chartered Institute of Stockbrokers (CIS).
He loves reading, running, photography and hiking. He recently summited “Uhuru” on the top of Mountain Kilimanjaro; the highest peak in Africa.
HENRY ADEKEYE ADEJOYE
GENERAL SECRETARY
Henry is a result-oriented Business Process Analyst with over 12 years’ professional experience. He is a pioneer management team member of Zenith Nominees Limited, a subsidiary of Zenith Bank Plc. He is Head, Operations & Client Services and responsible for managing Clients and execution of Business Strategy.
He has successfully implemented various Business development initiatives in Zenith Nominees Limited while the organisation recorded outstanding financial performance in its growth phase thereby increasing Zenith Bank Group overall performance and share of assets in Securities custody industry.
Henry holds a Bachelors Degree in Computer Science, Certification in Service Management (ITIL V3), and membership of Institute of Business Analyst, Ontario Canada.
While serving in Zenith Pensions Custodian Limited prior to his secondment to Zenith Nominees Limited as member of the management team, he was actively and directly involved in core activities such as asset servicing, Business Process design, Policy documentation, Business development, Client Service Management & System deployment and optimization.
He successfully managed seamless transfer of Business Architecture (Non-Pension Assets custody services) from Zenith Pensions Custodian Limited to Zenith Nominees Limited while maintaining delicate balance between business strategy, Client experience and strict adherence to dictates of National Pension Commission.
He successfully coordinated regulatory registration of Zenith Nominees Limited and Zenith Bank Plc as Custodian of Securities under Central Bank of Nigeria and Securities & Exchange Commission respectively.
FOUSHO OGUNDELE
FINANCIAL SECRETARY
Folusho is the Managing Director of Zenith Nominees Limited, a subsidiary of Zenith Bank Plc. She is responsible for servicing a portfolio of large corporate and financial institution clients including the largest, most complex and global relationships in various markets i.e. regions.
Prior to her secondment to Zenith Nominees Limited as Chief Executive in 2019, she had spent over 17 years in the Banking industry with experience spanning Trade Services, Operations, Correspondent Banking and Treasury Operations. She has held key positions in Zenith Bank Plc including Head of Invisible and Bills for Collection, Trades, Head, Settlement of FX/Derivatives and Fixed Income/Money Market Instruments
Folusho played a key role in setting up the FX/Derivatives, Settlement Unit in Zenith Bank Plc and took same to enviable heights. She was part of the Project Management Team that successfully implemented the Bancassurance Partnership Agreement between Prudential Zenith Life Insurance and Zenith Bank Plc.
Folusho holds a B.Sc (Hons) in Accounting from the University of Ilorin, Ilorin, Kwara State. She is a Fellow (FCA) of the Institute of Chartered Accountants of Nigeria (ICAN). She is a Securities and Exchange Commission (SEC) registered member.
SEUN ODUNTAN
PUBLICITY SECRETARY / PUBLIC RELATIONS OFFICER
Seun holds a Higher National Diploma in Quantity Surveying and a Master of Business Administration degree (MBA) from the Federal University of Technology, Ondo State. He is a member of the Nigerian Institute of Management (ANIM) and has over 21 years of experience in Banking operations and accounts administration.
TAIWO SONOLA
EX OFFICIO
Taiwo Sonola has over the years built a wealth of experience in custodianship of financial instruments, trusteeship, litigation (specifically in commercial law), skilled and experienced in drafting, vetting of agreements and all other legal documents in a financial/commercial environment. She bagged a Bachelor of Laws (LLB) from the prestigious Staffordshire University, United Kingdom (UK) in 1990 and Master of Laws (LLM) in International Business Law from the University of Manchester also in the UK in 2001.
Back home in Nigeria, Taiwo attended the Nigerian Law School, Lagos and did the compulsory National Youth Service at Segun Adegoke & Co. in 1992. Taiwo started her promising career as a counsel at S.M. Olakunrin & Co. in 1993 where she amongst many other things, represented clients in litigation matters, conducted research and wrote legal opinions, processed incorporation of companies at the Corporate Affairs Commission and filed annual returns, drafted/perfected legal agreements, contracts, trust deeds, terms of settlement etc. Later that year, Taiwo moved to Strachan Partners (formerly known as J.B. Majiyagbe & Co) also as a counsel and in 1994, she picked up a more challenging job at A.G. Leventis Nigeria Plc where as a Legal Officer, she assisted the company secretary in the management of the company’s legal/company secretarial matters.
In 2001, Taiwo started her journey into the financial sector with the then Magnum Trust Bank, (now Sterling Bank) as a Client Relationship Officer and in 2007, she moved to UBA Trustees Limited in 2007 as Assistant Vice President, Trust Services. Later that year, Taiwo rose to become the Head, Business Development & Relationship Management, UBA Global Investor Services (GIS) at the United Bank for Africa (UBA) Plc, the role she has actively played until February 2013 when she became the Head, Global Investor Services till date.
Taiwo is a member of the Nigerian Bar Association, the CMC Retreat Planning Committee of the Securities & Exchange Commission, an Associate of the Association of Investment Advisers and Portfolio Managers, represents the Association of Assets Custodians on the Board of Trustee of the FMDQ OTC PLC Investor Protection Fund. She was the General Secretary of the Association of Assets Custodians from May 2009 – December 2014 where she rose to become the Vice President of the Association. She is currently the President of the Association.
In 2003-2004, she received an award for “Best relationship officer” from Magnum Trust Bank Plc and in 2013, the award of excellence in media for her dynamic and invaluable contribution to the media and the Nigerian people by the Institute of Certified Communicators. Taiwo is an experienced researcher on the Nigerian Capital Market with considerable experience in private, commercial and consumer banking and allied advisory services.