NSE Confirms Ade Bajomo Contract for another Five years

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Ade Bajomo

Barely two weeks after the National Council of the Nigerian Stock Exchange extended the tenure of the Chief of Executive Officer Oscar Onyema to another five years term, the council has approved the contract renewal of Ade Bajomo, for another term of five years as Executive Director Market Operations and Technology, pursuant to the new employment agreement to be effective on May 23, 2016.

Mr. Bajomo has been an Executive Director leading the transformational changes in technology, operations, market data, market services, and information security and programme delivery of the prime Sub-Saharan Africa Exchange since 2011, and his current 5-year term is set to expire on 22nd May 2016.

Commenting on the renewal of Mr. Bajomo contract, CEO of NSE, Mr. Oscar N. Onyema, OON said On behalf of the Exchange, I would like to offer him our most sincere congratulations on the renewal of his employment contract as Executive Director, Market Operations and Technology.

The renewal reflects not only the success he has achieved since joining the Exchange in leveraging technology to scale up our market and business processes efficiently, but also emphasizes our commitment to enhancing and sustaining The Exchange’s competitiveness and growth. We wish him all the best in his new term.

Speaking on his re-appointment, Mr. Bajomo said I extend my warmest appreciation to the National Council and CEO for their vote of confidence in my service to the Exchange. It has been an exciting experience to lead the technology and operational reforms underpinning the growth of the Exchange and its market operators. 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 in a sustainable and profitable manner.

Prior to joining The Exchange, Bajomo led several business transformation programmes, product development, and business growth/acquisitions initiatives for the technology and operations integration of acquired entities primarily in the UK financial services sector, and also in the emerging markets region.

He is currently a board member of NASD Plc., a leading Nigerian based OTC platform, chaired the Market Infrastructure and Technology Committee of the Nigerian Capital Market Committee from 2014-2015 and was a member of the 2015 Capital Market Master plan Committee.

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