Nigerian leading banker and Chairman of Coronation Group, Aigboje Aig-Imoukhuede, has been inducted into the exclusive list of honorary fellows of the foremost Chartered Institute of Stockbrokers (CIS).
The investiture, which was attended by doyens of the capital market, regulators and ace bankers saw the co-founder of Access Bank being assigned HFCS009 and brings the elite list to nine.
CIS honorary fellow is awarded to individuals, who through their personal and official capacities, make an exceptional contribution to the growth of the Nigerian capital market and financial system.
A former military head of state, Gen. Yakubu Gowon (rtd) is the pioneer awardee who was considered for passing the Nigerian Enterprises Promotion Decree (NEPD) of 1972, which led to indigenisation of previously foreign-owned businesses and birthed the post-independence local business adventures.
Other members of the fold are Atedo Peterside, Olukayode Pitan and Dr. Goodie Ibru, Aliko Mohammed. Other eminent Nigerians on the list that now includes Aig-Imoukhuede are Gen. Ibrahim Babangida, Christopher Ogunbanjo and Mustapha Chike-Obi.
President and Chairman of the Council of CIS, Oluwole Adeosun, described the investee as qualified as every other personality on the list while reeling out the banker’s contributions not only to the capital market and banking but also the entire economy.
“His involvement with the capital market reached a significant peak in 2013 when he succeeded Alike Dangote as President of the then Nigerian Stock Exchange (NSE) now the Nigerian Exchange Group (NGX)… He is a leading banker, investor and philanthropist,” Adeosun said of Aig-Imoukhuede as he recounted his role in shaping the economy.
NGX Group Chief Executive, Oscar Onyema, said he looked forward to more outstanding impacts from Aig-Imoukhuede, who he described as the best strategist when “you want to go to war”.
The awardee, in turn, paid glowing tributes to the founding founders of the market, which he described as the foundation stone of wealth creation, economy and nation-building. To grow a sustainable economy, he said, Nigeria must necessary pay attention to developing the capital market infrastructure.
The retired banker particularly pointed out late Gamaliel Onosode, who earned the nicknames ‘Mr. Integrity’ and ‘Nigeria’s Incorruptible Man’ in his lifetime, saying he deserves “intellectual tax” for creating today’s Nigerian merchant banking and laying the foundation inspiring the development of the capital market.
The investiture came the same day Coronation obtained formally transitioned into a capital market holding company (CMHC), a pioneering step in the financial system.
With the pioneering step, Coronation has transitioned to a licensed group structure and solidified its position as an investment management powerhouse in the African region, the company said.
This regulatory recognition represents a significant milestone in the Group’s mission to democratise access to wealth creation while harnessing the power of ecosystems.
Coronation Group subsidiary companies include Coronation Capital Limited, Coronation Asset Management Limited, Coronation Securities Limited, Coronation Trustees Limited, Coronation Registrars Limited, Coronation Technology Limited and Trium Limited.
The Group is also affiliated with companies such as Coronation Insurance Plc, Coronation Life Assurance Limited, Coronation Insurance Ghana Limited and Coronation Merchant Bank Limited.
Working in close collaboration with Founder and Chairman Aigboje Aig-Imoukhuede, the Group Managing Director and Chief Executive Officer, Wole Onasanya, will oversee the strategic priorities of Coronation’s ecosystem, including building digital platforms, establishing strategic partnerships for exponential growth, and maximizing shareholder returns.
“This transition marks our first five years of orchestrating the Coronation Group ecosystem. We established Coronation with the objective of democratizing access to investment, lending, and insurance, empowering individuals to achieve financial independence and build enduring legacies. We are excited about the future and our role as a key driver of growth in Africa,” Aig-Imoukhuede said.
Onasanya noted: “Our primary objective is to make wealth creation accessible to all Africans. Coronation Group is well-positioned to offer integrated financial services backed by exceptional talent, all accessible through cutting-edge technology platforms. We are dedicated to being trusted partners on our clients’ journeys to prosperity, helping them achieve outcomes that go beyond financial returns.”
