CSCS appoints Adeyinka Shonekan as Executive Director

Central Securities Clearing System (CSCS) Plc, Nigeria’s premier Central Securities Depository (CSD), has appointed Adeyinka Shonekan, as Executive Director on its Board.

The appointment of Adeyinka as an Executive Director results from a rigorous process to add valuable experience to the Board whilst also strengthening Management bandwidth.

Adeyinka, currently the company’s Divisional Head, Sales and Business Development, joined the Board of Directors of CSCS Plc, effective November 2022, as Executive Director, subject to relevant statutory/regulatory provisions.

Speaking on the appointment, the Chairman of the Board, Oscar N. Onyema said “this appointment is an acknowledgement of the success Adeyinka has recorded over the past three years of leading business growth and revenue diversification. The appointment reinforces the strong leadership pipeline within the Executive and Middle Management of CSCS and affirms the commitment of the Board to effective resourcing of the organization, as it continues to lead innovations and stakeholder engagements for market development.”

Read also: African refiners group lauds Rainoil’s oil, gas facility

Commenting on the appointment, the MD/Chief Executive Officer of CSCS PLC, Haruna Jalo-Waziri noted; “Adeyinka’s appointment to the Board should stimulate more energy at the Executive and Middle Management levels of the organization, as it reinforces the confidence of the Board of Directors in the strong pool of talent and leadership of the institution. It speaks volume of the commitment of the Board to employees’ career growth and succession planning, a philosophy which should continue to drive innovation and broader productivity of the workforce. More importantly, Adeyinka’s elevation to the Board of Directors should strengthen the Executive bandwidth, especially towards delivering our strategic initiatives anchored on enhancing service excellence and business diversification.”

In response to his appointment Adeyinka reinforced his commitment to excellence “This appointment is an honor and a worthy challenge. I have watched CSCS, as an organisation, grow in bounds over the last 3 years. I am surrounded by formidable workforce dedicated to this growth. I look forward to playing an integral part in the continuous journey of building a world class organisation.”

Adeyinka Shonekan is an accomplished business leader and finance professional, with extensive experience across various segments of the financial services sector, including banking, capital markets and insurance sub-sectors. He has strong relationship management and leadership skills, a personality which reflects on his track record of building and leading effective cross functional teams, driving change initiatives and executing growth strategies.

Prior to joining CSCS, Adeyinka was at various times Executive Director at Volker Securities and Investments Company Limited; the Chief Operating Officer at Unic Insurance Plc; Group Head, Corporate Banking, Telecoms and Special Projects at Bond Bank Limited and a member of the Corporate Banking team at Guaranty Trust Bank.

Adeyinka holds a B.A Economics from the University of Leicester, an MBA in International Management from the University of Exeter and a Diploma in Marketing from the Chartered Institute of Marketing, England.