Wednesday, December 6, 2017 12.00PM
/ Proshare WebTV
The Investment Advisers and Portfolio
Managers hosted stakeholders in the Nigerian financial and capital market space
to its 2017 forum in Lagos , to explore the theme “Investor Protection Rights
in a Volatile Market”.
Giving her opening remarks, the President
of IAPM Mrs Toyin Sanni said since inception in 1981, the body has been focused
on developing first-class professionals for the financial services industry.
IAPM according to Mrs Sanni was at the
forefront of advocacy in the financial and capital market space, which informed
the 2017 forum theme on “Investor Protection rights in a Volatile market”.
She believed the theme was a critical
topic of discourse for the market, that should bring key players from the
operators to regulators to assess the level of investor protection rights and
chart a pathway for its sustainability.
In his keynote address Mr Yinka Sanni CEO
Stanbic IBTC Holdings gave four recommendations, which include; A broader based
approach on Investor education in the industry, Aligning with Global financial
reporting standards like Basel, IFRS, Adoption of the Global Investment
Performance Standards and the Compliance with the Code of Corporate Governance.
His presentation which was read by
Olubunmi Dayo-Olagunju CEO of Stanbic IBTC Asset Management harped on the need
for market operators to hold themselves to the highest ethical standards, while
investigations by regulators on infractions should be disclosed.
Panelists at the forum Mr Akin Adeniyi,
CEO KingsThrones Advisory, Ononuju Irukwu CEO Chapel Hill Denham, Mr Michael
Oyebola, Former President Fund Managers Association of Nigeria, Mr Akin
Olawore, President Nigeria-British Chamber of Commerce and Olubunmi
Dayo-Olagunju shared their perspectives on the theme.
Mr Akin Adeniyi believed the type of
investor and capacity of the service provider was critical to ensuring investor
protection. On his part Mr Michael Oyebola emphasized the need for capacity
building of skilled investment advisers and portfolio managers in the country.
Mr Akin Olawore , Ononuju Irukwu and
Olubunmi Dayo-Olagunju agreed that investor education should be given top
priority, even as the IAPM, other bodies and capital market operators must
maintain high standards.
Speaking on the topic “The Role of the
Media in Investor Protection” Mr Olufemi Awoyemi CEO of Proshare and council
member of IAPM charged the capital market correspondents to act as a bridge
between the regulators, operators and investors.
Awoyemi said financial news stories should
cause people to think, not get them excited and tasked the financial
journalists to improve their skills and build capacity in the knowledge of the
market, which will help them to provide sound information for the market.
He also noted that the financial media had
a major role in checkmating “Regulatory rascality” and “Corporate criminality”
in the Nigerian financial market.
Highlights of the event was the induction
of new fellows and associates of the Investment Advisers and Portfolio Managers