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Onyema, NGX Group Boss Elected To World Federation Of Exchanges Board

The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group Plc, Oscar Onyema, was on Thursday, September 9, 2021, elected to the Board of World Federation of Exchanges (WFE) at its 60th General Assembly and Annual Meeting.

Reacting, Onyema who will represent Europe-Middle East-Africa (EMEA) region for a three-year term, expressed honour at being elected to the board of the global group for exchanges and clearing houses (CCPs) around the world.

The election, he said, “is an important achievement for Nigerian Exchange Group and the Nigerian financial market. It is an indication of our prominent regional and global position and a testament to our contributions to the WFE in respect of our input on issues confronting the African and global capital markets.

“We are committed to fostering greater synergies between the WFE members and industry partners, and supporting the Federation to consolidate its position as the leading voice for exchanges and clearinghouses, amongst global stakeholders,” he stressed.

According to a statement by the NGX, the group has been a member of the WFE since 2014, when it made history as the first West African exchange to be granted full federation membership status.

Welcoming the new board member, Chief Executive Officer, WFE, Ms. Nandini Sukumar described Onyema as “a leader and thinker.

“As an industry, we will all benefit from the perspectives and insights he brings. We look forward to working even more closely with African markets in the future and bringing more of them into WFE membership, and the standard that represents,” she added.

The WFE is the global industry group for exchanges and clearing houses (CCPs) around the world, representing over 250 market infrastructures ranging from those that operate the largest financial centres to those that run frontier markets. With extensive experience in developing and enforcing high standards of conduct, the WFE and its members support an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who deal with financial risk. WFE seeks outcomes that maximise the common good, consumer confidence, and economic growth.

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