Q3/Q4 2018

CFA SOCIETY NEWSLETTER Dear Members, Welcome to 2019. I trust you all had a very restful holiday season. On behalf of CFA Society Nigeria, I will like to wish you and your families a very prosperous new year!

As you know, our Society had so many events in Q4 2018, notably, the Nigeria Investment Conference and the Women in Investment Management Workshop. Our Society also recorded many successes in 2018. We are now the fastest growing CFA Institute member society worldwide. These achievements are dedicated to all our members and society staff that work tirelessly behind the scene.

This newsletter covers the Society’s activities in Q3/Q4 2018. It is in fact the last Newsletter that I will have the privilege of sharing with you before the expiration of the term of the current Board in mid-March 2019. I am very pleased to share it with you. Please enjoy reading it.

I believe 2019 will be another exciting year for our Society. As the term of the current Board ends, we will be holding elections for a new Board in the coming weeks. I will like to encourage you to contest for the available seats on the Board and make yourself available to serve. Please also ensure that you vote when the elections are held.

I look forward to your continuous support to the Society. Have a wonderful year!

Yours sincerely, Banji Fehintola, CFA President Q3/Q4 2018 | 03 CFA SOCIETY NIGERIA // NEWSLETTER 2018/19 CFA Institute Research Challenge Following the success of our maiden participation in the 2017/18 CFA Institute Research Challenge, our Society hosted the kick-off event for the 2018/19 Research Challenge at the end of Q3.

19 September 2018: We arranged a compa- ny visit for the 14 Nigerian universities participating in the 2018/19 CFA Institute Research Challenge to meet with Dangote Cement Plc.

The Participants and their Faculty Advisers had an opportunity to meet with the CFO and other management staff of Dangote Cement Plc (our subject company for this year’s Research Challenge).

The National Final of the Research Challenge is scheduled for 9 February 2019 at the Civic Center, Lagos. The winner of this year’s compe- tition will represent Nigeria at the EMEA Regional Final in Switzerland in April 2019.

Once again, many thanks to our competition sponsor, Zenith Bank Plc. Q3/Q4 2018 | 04 CFA SOCIETY NIGERIA // NEWSLETTER Obafemi Awolowo University wins the 2018 Ethics Challenge

The 2018 Ethics Challenge held in and Lagos between 1 - 2 November. 15 universities participated in the competition with Obafemi Awolowo University emerging as the National Champion. Trophies were presented to the top three universities during the 2018 Charter Award Ceremony.

Our sincere appreciation to the competition sponsor, First Bank of Nigeria Limited

Participating Universities Babcock University Covenant University Bowen University University of Calabar University of Maiduguri University of Ibadan University of Nigeria, Nsukka University of Benin Ekiti State University Mountain Top University Obafemi Awolowo University University of Ilorin University of Abuja Madonna University. Q3/Q4 2018 | 05 CFA SOCIETY NIGERIA // NEWSLETTER

FIRST RUNNER-UP WINNER SECOND RUNNER-UP

University of Lagos Obafemi Awolowo University University of Nigeria, Nsukka Q3/Q4 2018 | 06 CFA SOCIETY NIGERIA // NEWSLETTER

CFA SOCIETY NIGERIA 2018 Nigeria Investment Conference

The 2018 Nigeria Investment Conference held on Thursday, 8 November 2018 at the Eko Convention Centre, Victoria Island, Lagos. The theme of the conference was “Let’s Measure Up”. The conference was used as a platform for advocacy and knowledge exchange with the broad aim of improving the professionalism and ethical standards of Nigeria’s investment industry.

The conference had over 500 attendees from the investment industry comprising of senior executives, regulators, industry leaders, academics, senior government policy makers, and investment professionals. We were also joined by delegates from CFA Society South Africa, CFA Society East Africa and CFA Society Mauritius. Q3/Q4 2018 | 07 CFA SOCIETY NIGERANIGERIA // // NEWSLETTER NEWSLETTER

The speakers at the conference include: Paul Smith, CFA, CFA Institute’s President & CEO; Gary Baker, Managing Director, EMEA, CFA Institute; Andrew Alli, Non-Executive Director, CDC Group Plc; Oscar Onyema, CEO, Nigerian Stock Exchange; Abubakar Suleiman, Managing Director/CEO, Sterling Bank Plc; Alhaji Shehu Mohammed, FCA, FCCA, Sarkin Shanun Kano; Mr Oliver Andrews, Chief Investment Officer, Africa Finance Corporation; Bolaji Balogun, CEO Chapel Hill Denham; Ms Eme Essien Lore, Country Manager, International Finance Corporation; Mr Jabalo Oshikanlu, Legal and Compliance Director, ARM-HARITH Infrastructure Fund.

The conference also featured Ms Carla Harris, Vice Chairman & Managing Director, Morgan Stanley, who visited Nigeria for the first time; Mr. , Governor, ; Mr. Bismarck Rewane, Managing Director/CEO, Financial Derivatives Company Limited; Dr. Doyin Salami, CEO, Kainos Edge Consulting and Yewande Sadiku, the Executive Secretary of the Nigerian Investment Promotion Council. Q3/Q4 2018 | 08 CFA SOCIETY NIGERIA // NEWSLETTER Women in Investment Management (WIM) Workshop The Nigeria Investment Conference was closely followed by our Women in Investment Management (WIM) Workshop on Friday, 9 November 2018 at Eko Convention Center, Lagos.

The WIM Workshop had a record attendance of more than 500 attendees made up of both men and women in the investment industry. The objective of the workshop was to equip attendees with the necessary skills and mentorship required to succeed in the industry.

At the event, Carla Harris shared her career story during an on-stage interview with Paul Smith. She also spoke on “Tools for Maximizing Your Career Success”. 1stQ3/Q4 QUARTER 2018 | 09 CFA SOCIETYSOCIETY NIGERA NIGERIA // NEWSLETTER // NEWSLETTER

The workshop also featured a high-level panel on the “Power of Networking” anchored by leading female executives in the investment industry. Speakers at the panel were Mrs Aishah Ahmad, CFA, Deputy Governor, Financial System Stability, Central Bank of Nigeria; Mrs Bola Adesola, CEO, Standard Chartered Bank Nigeria & West Africa and Mrs Ibukun Awosika, Chairman, First Bank of Nigeria Limited.

Every attendee at the workshop received a free copy of Carla’s book, “Strategize to Win”, courtesy of CFA Society Nigeria. The event ended with a book signing session by Carla and a Networking Lunch. Q3/Q4 2018 | 10 CFA SOCIETY NIGERIA // NEWSLETTER

2018 Charter Award Gala Night The 2018 Charter Award Dinner held on the evening of Friday, 9 November 2018 at Eko Convention Centre. The Charter award dinner is an annual event to celebrate and welcome our new CFA Charterholders. The event was very colourful with a traditional African attire dress code.

This year, we welcomed a record number of 86 new CFA charter awardees into our Society. Once again, many congratulations to all the new CFA charterholders! Q3/Q4 2018 | 0211 CFA SOCIETY NIGERANIGERIA // // NEWSLETTER NEWSLETTER

In recognition of their outstanding leadership and selfless services, the Society honoured Kike Mesubi and Ola Eke as the 2018 “Volunteers of the Year”. Kike chairs the Programs Committee while Ola Eke chairs the Gender Diversity Committee.

In line with our Women in Investment Management initiative, the Society recognized firms in the investment industry that have workplace practices that support women to thrive professionally. The following organisations received awards in the listed categories:

Career Progression for Women (Less than 500 Employees) FSDH Merchant Bank Limited, Agusto & Co and Singularity Investments

Career Progression for Women (More than 500 Employees) PwC Nigeria, Stanbic IBTC Holdings and Standard Chartered Bank Nigeria Limited

Work- Life Balance (More than 500 Employees) PwC Nigeria, Stanbic IBTC Holdings, and Standard Chartered Bank Nigeria Limited Q3/Q4 2018 | 0212 CFA SOCIETY NIGERANIGERIA // // NEWSLETTER NEWSLETTER

The dinner also featured a colourful fashion parade showcasing our rich African culture, live music, comedy and a lot to drink and eat. Q3/Q4 2018 | 13 CFA SOCIETY NIGERIA // NEWSLETTER CFA Level I December 2018 Exams Hold in Abuja and Lagos On 1st December, CFA Level I candidates in Nigeria joined other CFA candidates worldwide to sit for their exams. We are proud that the Abuja test center was opened for the exams, joining the Lagos test center that was opened in June 2018. As usual, we hosted the candidates to post-exam drinks in both Lagos and Abuja.

Going forward, all the three levels of the CFA exams will be administered at the Lagos and Abuja test centers. Our success wishes to all the candidates that sat for the December 2018 exams.

Fastest Growing Society Award in EMEA Region In October, at the 2018 CFA Institute Society Leadership Conference (EMEA) held in Finland, CFA Society Nigeria once again, received an award as the "Fastest Growing Society in EMEA Region". We also came second in the EMEA region for delivery of “Member Value”.

These awards are dedicated to all our members and we appreciate you for all your support. Q3/Q4 2018 | 14 CFA SOCIETY NIGERIA // NEWSLETTER Society Library – New Books

Special thank you to our members that donated books and calculators to our society library. Please be reminded that the society library is open on weekdays to all society members and we are stocking the library with more insightful finance materials. If you wish to donate books and calculators to the society library, please contact the society office on 08173291933. Thank You Note to our Sponsors & Volunteers We will like to thank all our sponsors for your support throughout 2018. We also sincerely appreciate all our volunteers and everyone that has been supportive to the Society in many ways.

We look forward to working with you again in 2019 and beyond. CFA SOCIETY NIGERIA // NEWSLETTER

We hope you found this edition of our Society Newsletter highly informative. For more information, membership inquiries, feedback or comments, please reach out to us:

CFA Society Nigeria Plot 17, Block 122 Adewale Kolawole Crescent Lekki Residential Scheme 1 Oniru, Lekki, Lagos Nigeria.

Tel: +234 (0) 817 3291 933 +234 (0) 909 1122 700

Email: [email protected] [email protected]

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