Following the success of our maiden participation in the 2017/18 CFA Institute Research Challenge, our Society hosted the kick-off event for the 2018/19 Research Challenge on 19 September 2018. We arranged a company visit for the 14 Nigerian universities participating in the 2018/19 CFA Institute Research Challenge to meet with Dangote Cement Plc.
The Participants and their Faculty Advisers had an opportunity to meet with the CFO and other management staff of Dangote Cement Plc (our subject company for this year’s Research Challenge).
Out of the 14 Universities who started the journey with us, 9 Universities were selected through a screening process for the National Final which held on Saturday 09 February, 2019 at The Civic Center.
The participating universities included; Covenant University, Obafemi Awolowo University, University of Maiduguri, University of Lagos, University of Calabar, University of Nigeria, University of Ilorin, University of Abuja, and the University of Ibadan.
Team Obafemi Awolowo University emerged as Second Runner-up in the competition.
Team Covenant University emerged as the First Runner-up.
Team University of Lagos emerged the Champion of the 2018/19 Research Challenge National Final and will be representing the Nigeria Society at the EMEA Regional Final scheduled to hold in April, 2019 in Switzerland.
The Most Outstanding Faculty Adviser Award was earned by Dr. Akanni O. Lawanson of the University of Ibadan.
The Most Outstanding Student Award was earned by Oluwaseyi Akindutire of the department of Economics, University of Lagos.
Our sincere appreciation to our competition sponsor, Zenith Bank Plc; our Graders, Industry Mentors and Judges for working to ensure this event was a success.
The CFA Charter Award Dinner held on the evening of Friday 9 November 2018 at Eko Convention Centre. The Charter award night is a yearly event organised to celebrate and welcome onboard new CFA Charterholders as awarded by CFA Institute. This year’s dinner night was African-themed.
The Society celebrated a record number of 86 new charter awardees! This ceremony marked a very important milestone in the career and professional development of our new charterholders who have recently earned the right to use the prestigious CFA designation.
Another feature of this year’s award night was the Volunteer of the Year Award which was earned by Ola Chioma Eke, CFA and Kikelomo Omotayo Mesubi, CFA, both members of the Society for outstanding performance as volunteers in the Society. Ola Eke is the Chairman of the Gender Diversity Committee and Kikelomo is the Chairman of the Programs Committee.
On the same night, awards were also given out to firms in the investment industry that have workplace practices that support women thriving professionally. The survey was conducted by Great Place To Work following a Memorandum of Understanding signed between CFA Society Nigeria and Great Place To Work on the 11th of April 2018. The following organisations were recognised in the listed categories;
Career Progression for Women (Less than 500 Employees Category)
FSDH Merchant Bank Limited, Agusto & Co and Singularity Investments
Career Progression for Women (More than 500 Employees Category)
PwC Nigeria, Stanbic IBTC Holdings and Standard Chartered Bank Nigeria Limited
Work- Life Balance (More than 500 Employees Category)
PwC Nigeria, Stanbic IBTC Holdings, and Standard Chartered Bank Nigeria Limited
During the dinner night, the winners of the 2018 CFA Society Nigeria Ethics Challenge were announced. University of Nigeria, Nsukka took the Second Runner-up position; University of Lagos was the First Runner-Up and Obafemi Awolowo University was crowned Champion of the year.
The dinner ended with a colourful fashion competition that had our attendees posing in style and showcasing our rich African Culture. The audience eventually voted the top three best dressed guests who won shopping vouchers each from the Society.
Find more pictures of this colorful event below;
Once again, we are saying a hearty congratulations and welcome to our 86 new joiners. We look forward to working with you as members of the Society.
The Investment Conference was closely followed by our Women in Investment Management (WIM) Workshop on Friday, 9 November 2018 at Eko Convention Center Lagos.
WIM is an initiative of CFA Institute launched in Nigeria in 2017. It focuses on improving investor outcomes by encouraging diversity in the investment profession. As a leading voice for advocacy in the investment industry, CFA Society Nigeria champions the promotion of gender diversity in the investment management profession.
The WIM Workshop had a record attendance of more than 500 attendees made up of both men and women in the investment industry. The ultimate objective of the workshop was to equip women in the investment industry with the necessary skills and mentorship required to succeed in the industry.
We had the pleasure of hosting Carla Harris, Vice Chairman & Managing Director, Morgan Stanley to an On-Stage interview with Paul Smith, the President and CEO of CFA Institute. Carla who is a successful black woman in the investment banking/asset management profession globally and a renowned author of several career books used her story to inspire women during the workshop.
This was followed by a panel session with leading female executives in the industry; Aishah Ahmad, CFA, Deputy Governor, Financial System Stability, Central Bank of Nigeria, Bola Adesola, CEO, Standard Chartered Bank Nigeria & West Africa, Ibukun Awosika, Chairman, First Bank of Nigeria Limited. This session was moderated by Folasade Odunaiya, CFA, Board Member, CFA Society Nigeria. The discussants shared their thoughts on “The Power of Networking”.
In their words; “Competence is important in networking. What you bring to the table is important. As a woman, let your voice add value to what is being done at the table.” – Bola Adesola
“Build relationships and make it genuine; not based on anything you want. You must never lose yourself in the effort to relate” – Ibukun Awosika
“Don’t have a network that is only restricted to your career, have a wide variety of relationships.” – Aisha Ahmad.
Carla Harris took the stage again to share with us on the “Tools for Maximizing Your Career Success”. Here are a few take aways from her sessions; (1)“To achieve work-life balance, do not compromise. Be intentional about what you put in the calendar” (2) “When people give you a role that has never been occupied or ask you to do something that has never been done, it means they have a very high view of who you are” (3) “Know the adjectives that are consistent to the seat you are occupying and the seat you are aspiring to get to. Pick three adjectives that absolutely consistent about who you really are, three adjectives that are valued in your organisation; where they intersect is the character that you should project” (4) “You can train people to think about you in the way that you want them to think about you. How people perceive you, will determine how they relate to you.”
There was a book signing session with Carla Harris for her book “Strategise to Win; The New Way to Start Out, Step Up, or Start Over in Your Career” which was shared to all our attendees The workshop was brought to a successful ending with a Networking Lunch session.
Find more event pictures below.