CFA Society appoints new president

CFA Society Nigeria has announced the appointment of Razaq Ahmed as its fourth president following the conclusion of its 2025 Board of Governors elections.

In a statement made available to our correspondent on Sunday, his tenure takes effect from March 21, 2025, succeeding Ibukun Oyedeji, who will continue to serve on the board as an ex-officio member.

The election, held on March 14, 2025, led to the constitution of the society’s seventh board of governors, responsible for overseeing its strategic direction.

According to the statement, Ahmed, co-founder and chief executive officer of Cowrywise, brings vast experience in fintech and wealth management. Under his leadership, Cowrywise has secured regulatory approvals and attracted global investments, positioning it as a key player in Africa’s wealth-tech sector.

Speaking on his appointment, Ahmed said, “I am deeply honoured to be elected president of CFA Society Nigeria. This marks the beginning of an exciting new era—one of bold ambition, greater impact, and unwavering commitment to excellence.”

Other members of the newly constituted board include Oginni, the chief executive officer of United Capital Asset Management, who oversees over N1tn in assets across multi-asset strategies. Also on the board is Samuel Sule, group chief executive officer of Renaissance Capital Africa, with experience in capital financing and mergers and acquisitions.

Also, Frank Nnamka, a manager in the deals practice at PwC Nigeria, specialises in corporate finance and investment strategy, while Bukola Akerele, a senior banking executive at Zenith Bank, oversees trade and finance transactions in the oil and gas sector.

Additionally, Wale Okunrinboye, the chief investment officer at Access ARM Pensions, plays a role in managing one of Nigeria’s largest pension funds, while Kike Mesubi, managing director of RMB Nigeria Asset Management, manages over N60bn in assets and is also part of the newly constituted board.

The PUNCH reported that the CFA Society Nigeria, in collaboration with FMDQNext, has empowered some students of Ekiti State University with basic investment skills, including live trading on FMDQ in Lagos.