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2017 IAPM Forum explores strengthening investor protection in a volatile market

Proshare

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 in Nigeria. 

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