CSCS Director General Jalo-Waziri Elected Vice-President of AMEDA

Monday, February 21, 2022 / 6:25 p.m. / CSCS / Header image credit: CSCS

As part of strengthening its governance and executing strategic objectives, the regional association of global central securities depositories (CSDs), the Association of African and Middle East Depositories (AMEDA), elected Mr. Haruna Jalo-Waziri, Managing Director/Managing Director of Central Securities Clearing System (CSCS) Plc as Vice Chairman.

Mr. Jalo-Waziri would work closely with Mr. Abdalla Abdin, Managing Director of Bahrain Clear, who is currently President of the association, to direct the affairs of AMEDA and lead the execution of strategic initiatives aimed at bringing value to its members and wider stakeholders. Mr. Jalo-Waziri, who also represents the global CSD community on the International Securities Services Association (ISSA) Operating Committee, brings to AMEDA nearly three decades of hands-on experience in region’s financial services sector, in different segments of the market, including capital market regulation, repo and conventional asset management, investment and commercial banking, foreign exchange management and post -negotiation.

As Managing Director of CSCS, Mr. Jalo-Waziri led the transformation of CSCS into an agile and innovative market infrastructure, delivering unprecedented results for the company’s shareholders and wider Nigerian capital market participants.

Speaking on the election, Mr. Jalo-Waziri said, “I feel very honored by my nomination and even more so by the overwhelming vote of confidence in the election. I thank my colleagues in the association and consider this election as a call for service to advance post-trade services and broader capital market development in the Africa and Middle East regions.

“Central Securities Depositories have a pivotal role to play in deepening Africa’s capital market and I am thrilled to work with established professionals through the collective prowess AMEDA offers to lead the desired change in our respective ecosystem of the capital market and on the continent at large. I am delighted with the commitment of our Chairman, Mr. Abdalla Abdin, and all members to our mission, and it reinforces my confidence in our collective ability to change the narratives of the markets of capital in Africa and the Middle East.

Ms. Riham Gamal, the Executive Secretary of AMEDA noted, “Mr. Jalo-Waziri has been a very active member 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 a rallying point for members in the exchange of information and knowledge. It would therefore be exciting to work with him as 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 executing brilliant ideas towards the mutual prosperity of members and, more importantly, the development of capital markets. in Africa and the Middle East.

AMEDA, which was established in April 2005, is a non-profit organization providing a structured platform for the exchange of knowledge and information as well as collaboration among central securities depositories in Africa and the Middle East. . It promotes cooperation and advocacy for the adoption of global best practices and regulatory standards in securities depositories and post-trade services, while helping its members navigate the uniqueness of their respective markets. With memberships in the Africa and Middle East regions, AMEDA serves as a channel for dialogue and a bridge for global partnerships with CSDs in the regions. 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.

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