Assets Custodians restates commitment to best practices

The Association of Assets Custodians of Nigeria (AACN) has restated its commitment towards promoting global best practice standards in all aspects of the nation’s securities market while encouraging the promotion of custody business in Nigeria.

The association, through its Outgoing President, Kemi Adewole noted that the body has continued to maintain regular engagements with key market regulators on topical issues affecting the Nigerian securities market, while advocating improved collaboration with other Capital Market Operators (CMO) groups.

Speaking at the yearly general meeting of the association, Adewole added that AACN has developed a working relationship with other CMO groups, adding that advocacy exercise would be sustained in the years to come.

The outgoing president also announced her stepping down from the position by ceding the office to the Vice President, Mrs Taiwo Sonola, who is presently occupying the position in acting capacity.

On some activities embarked upon during the year, Adewole said: “We successful hosted the 4th yearly investor conference that was held in London, UK and it was adjudged the best so far in terms of recorded participants, quality of speakers and the issues discussed, while we also increased our market visibility through various stakeholder engagements and visits”.