Adeolu Bajomo, the Nigerian Stock Exchange Executive Director for Market Operations and Technology has resigned his appointment. Though Bajomo did not give any reason for his action, sources revealed to Nairametrics he had gotten a job with a foreign bank that was about to expand its African operations. The NSE is yet to issue a formal statement regarding his resignation.
His resignation comes on the heels of the appointment of another Executive Director Haruna Jalo-Waziri as the Managing Director of the Central Securities Clearing System (CSCS) Plc, thus leaving investors worried about the impact this will have on the smooth functioning of the exchange. Bajomo was appointed on the 1st of May 2011, and his tenure renewed for another term last year. During his tenure, he introduced several technological innovations which increased the efficiency of trade.
Prior to his tenure at the NSE, Bajomo had worked at Barclays Bank between 2007-2011 as the Director of Transformation Programmes, where he led technology transformation of Barclays operations in Africa. He also worked at Phoenix Group (formerly known as Pearl Insurance between 2006-2007, and the IT Director of Fortis Bank UK between 1997-2006.
