• Saturday, July 13, 2024
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Chartered Institute of Stockbrokers to confer awards on 30th anniversary

CIS inducts 122 associates, invests 51 fellows

The Chartered Institute of Stockbrokers (CIS) is set to reinforce its brand authenticity through an array of activities to commemorate its 30th Anniversary.

In its 30 years of existence, CIS has produced thousands of competent professionals for the capital market, many of whom are domiciled and working in various countries across the world. The members operate in various segments of the Nigerian economy, practising as securities dealers, industry regulators, investment and financial advisors, lecturers, public sector officials, legislators, and a State Governor among others.

The institute of securities and investment professionals was established by Act 105 of 1992 and given the statutory responsibility of determining the appropriate type and standard of skills required to operate as a core professional in the Nigerian capital market, and to provide the requisite training and certifications for persons deemed fit to practice as Securities and Investment professionals in the country.

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A statement from the Institute indicates that to kick off the 30th Anniversary Celebration which will run in phases, there will be a Public Lecture, conferment of Fellowship on some of its Members, granting of Honorary Fellowship to some distinguished Nigerians during Investiture Ceremonies, hosting of novelty match and holding thanksgiving service in the church and mosque among others.

The President and Chairman of Council, Oluwole Adeosun said that the Institute’s Members had impacted positively on the Nigerian financial market and the economy in the last three decades.

“The fact that CIS’ Members have been instrumental to the accomplishment of some of the major milestones of the Nigerian economy in the last three decades. For instance, the monumental banking sector recapitalization exercise of 2005 – 2007 which served as foundation for the thriving banking industry that we have today was facilitated by Securities and Investment experts, our Members who succeeded in galvanising local and foreign investors to come out en masse and invest in those public offerings. In recent years, the Sukuk investment product was developed and has become an effective source of funding for infrastructural projects across the country.

“ Our Institute has provided an excellent career path for Nigerian youths to get into the profession seamlessly and at reasonable cost. Government, market regulators and corporate Nigeria should extend greater encouragement and support to the Institute, financially and otherwise in its development of human capital that drive the economy,” Adeosun said.