AMEDA Elects Jalo-Waziri, CSCS CEO Vice President

As part of efforts to strengthen its governance and execution of strategic objectives, the regional association of global Central Securities Depositories (CSDs), Africa and Middle East Depositories Association (AMEDA), has elected Haruna Jalo-Waziri, Managing Director/Chief Executive Officer of Nigeria’s Central Securities Clearing System Plc (CSCS), as its Vice President.

A statement by the CSCS said Jalo-Waziri is expected to work closely with Abdalla Abdin, the Chief Executive Officer of Bahrain Clear, who currently serves as the President of the association, to steer the affairs of the body and lead execution of strategic initiatives towards delivering value to its members and broader stakeholders.

The CSCS boss, who also represents the global community of Central Securities Depositories on the Operating Committee of the International Securities Services Association (ISSA), brings to AMEDA almost three decades hands-on experience in the region’s financial services sector, across different segments of the market, including capital market regulation, pensions and conventional asset management, investment and commercial banking, Exchange management and post-trade services.

Commenting on his election, Jalo-Waziri, while thanking his colleagues, expressed great honor at his “nomination and more so the overwhelming vote of confidence at the election.”

The election, he reckoned, is “a call to service in advancing post-trade services and broader capital market development in Africa and Middle East regions.

“Central Securities Depositories have pivotal roles to play in deepening Africa’s capital market and I am excited to work with established professionals through the collective prowess that AMEDA affords in leading the desired change in our respective capital market ecosystem and broader continent. I am excited at the commitment of our President, Mr. Abdalla Abdin, and all members towards our mission, and this reinforces my confidence in our collective ability to change the narratives of capital markets in Africa and Middle East,” he added.

Also commenting, Ms. Riham Gamal, the Executive Secretary of AMEDA acknowledged the active participation of Jalo-Waziri in the activities of AMEDA, representing the Nigerian CSD, over the past five years.

“He has led several initiatives of the association, in addition to being a positive reference and rallying point for members in exchanging information and knowledge. Hence, it would be exciting to work with him as the Vice-President of AMEDA. He is very complementary to the positive leadership of Mr. Abdalla Abdin, and I am more than ever excited about the prospect of AMEDA in executing brilliant ideas towards the mutual prosperity of members and more importantly the development of capital markets in Africa and Middle East.”

AMEDA was established in April 2005 as a non-profit organization providing a structured platform for knowledge and information exchange as well as collaboration amongst Central Securities Depositories in Africa and the Middle East regions.

It promotes cooperation and advocacy towards adoption of global best practices and regulatory standards in securities depositories and post trade services, whilst supporting its members in navigating the uniqueness of their respective markets. With memberships in Africa and Middle East regions, AMEDA serves as a dialogue channel and bridge for global partnerships with the regions’ CSDs. Also, active as associate members are global banks such as HSBC and Standard Chartered Bank as well as CSDs from other regions, such as the Indian National Central Securities Depository.