CSL Stockbrokers Limited was incorporated on September 27, 1977, and commenced business in January 1978 providing, individual, corporate and government clients, with high quality professional and personalized financial and investment services. Since inception, CSL has played a notable role in the development of the Nigerian capital market by arranging public issues and private placements of equity and debt of leading Nigerian companies.
Amongst which ...read more
were the public issue of 18 million shares, valued at Sixteen million Naira for Mobil Oil Nigeria Limited in June of 1978, which at the time was the largest single equity issue to be brought to the Nigerian capital market and the acquisition of 60% equity stake of AgipPetroli in Agip Nigeria Plc by Unipetrol Nigeria Plc, worth N8.413 billion, one of the largest block trade ever in the history of the Nigerian Stock Exchange till date. Also in 1980, City Securities Limited, in partnership with the London merchant bank, Charterhouse Japhet Limited, advised on the financial restructuring of the Nigerian National Petroleum Corporation [NNPC].
Our Ideology
Our actions are directed by laid down ideologies that embody our true nature, right from inception. These enduring traits are what drive us and help us deliver every time.
Our unique research abilities and profound insight into critical investment matters enables us to meet our client's requirements.
At CSLS, we roll up our sleeves and dig deep to offer you profound financial and investment insights in order to ensure that your investments grow bountifully. With the insight that we derive from our broad and intense research, knowledge gathering, creative analysis and the innovative application of such principles learned through time, what we offer you is returns beyond expectation.
Vision
To be the investment management services provider of choice in sub-Saharan Africa.
Mission
CSLS is committed to meeting its clients' needs by providing full complement world class investment services, in a professional and efficient manner.
Values
Our track record and vision shows that we possess world class investment management capabilities, seamless trading and settlement processes and an un-paralleled knowledge of our chosen market. We are experts at what we do.
Value Proposition
Investment solutions driven by deep market knowledge and global standard investment management expertise.
Board of Directors
Professor Oluwatoyin Ashiru (Chairman)
Professor Oluwatoyin Ashiru is a graduate of the University of Sussex, Brighton UK where he obtained a B.Sc. in Materials Science and Engineering. He concluded his Ph.D. in Industrial Metallurgy at the University of Birmingham, UK. He began his career as a lecturer in Mechanical Engineering at the Universities of Lagos and Ibadan respectively before serving as Nigerian Senior Research Fellow at the International Tin Research Institute in the UK. He is currently the Managing Director and CEO of Tricontinental Oil Services Limited. He is an accomplished Materials and Metallurgical Engineer with over 30 years of comprehensive professional experience in academia, entrepreneurship, management engineering, technologies, invention, and consulting for the enhancement of productivity in major industries worldwide.
Professor Ashiru also has a strong background in program development and quality assurance, with an outstanding history of managing projects from initial conception, through development, to implementation for major oil and gas, chemical, petrochemical, steel production, and energy production industries worldwide. He holds an exceptional record for executing mission-critical projects on schedule and within budget, and is highly skilled on strategic planning, budget controls and problem solving. He also has an extensive international experience in the UK, USA, Canada, Saudi Arabia, Bahrain, Far East, and Asia.
Professor Ashiru has extensive project management experience in major international refining, chemical, petrochemical, offshore oil & gas development, pipeline, infrastructure, and power generation projects ranging from US$40 million to US$2 billion. He is also a successful businessman as he has worked extensively on multi-national joint ventures projects representing owners or as a contractor. He has served on Joint Venture and Consortium Executive Committees and has participated directly in claims negotiations and settlement agreements in excess of US$100 million. His wealth of experience also includes membership on the Governing Board responsible for strategic and operational decisions, and he was responsible for worldwide engineering operations for proposals and projects. Professor Ashiru is an expert consultant and Board Member of many international research centers and major industrial sectors; and has served worldwide on various governmental multi-disciplinary task forces and technical committees. He holds USA, British, European, Brazilian, and other international patents for products and systems that he invented. He is a recipient of several merit awards which include (but not limited to) his recognition in the USA as a “Professional with Extraordinary Ability”, listings in Who is Who in the World and Dictionary of International Biography, and the prestigious Distinguished Innovator Award of the Association of Tin Producing Countries.
Professor Ashiru was appointed as a Director on the Board of CSLS on October 15, 2014. He is also a Director on the Board of FCMB Group PLC
Oluyemisi Edun (Director)
Mrs. Yemisi Edun holds a bachelor’s degree in Chemistry from the University of Ife, Ile-Ife and a Masters’ degree in International Accounting and Finance from the University of Liverpool, United Kingdom. She is a fellow of the Institute of Chartered Accountants of Nigeria and a Chartered Financial Analyst (CFA). She is also an Associate Member of the Chartered Institute of Stockbrokers and an Associate Member of the Institute of Taxation of Nigeria, Member of Information Systems Audit and Control, U.S.A. and a Certified Information Systems Auditor. She began her career with Akintola Williams Deloitte (member firm of Deloitte Touche Tohmatsu) in 1987 with focus on corporate finance activities as well as audit of banks and other financial institutions. She joined FCMB in year 2000 as Divisional Head of Internal Audit and Control before assuming the role of Chief Financial Officer of the Bank.
Bukola Smith (Director)
Mrs. Bukola Smith holds a bachelor’s degree in Economics from University of Lagos, and also holds an MBA from Manchester Business School, University of Manchester, United Kingdom. She started her banking career with FSB International Bank (now part of Fidelity Bank) and her experience cuts across Customer Service, Funds Transfer, International Trade, Institutional Banking, Private Banking, Treasury, Investment & Financial Markets, Project & Structured Finance, Audit and Sales. She became a Chartered Accountant in 1998 and is currently a fellow of the Institute of Chartered Accounts of Nigeria (ICAN). She is an Associate Member of the Certified Institute of Pensions, Nigeria and also a Committee member of CIBN Annual Conference (Honorary Member of CIBN). In addition, she is a Mentor with Wiscar (Women in Success Careers).
She rose to the position of Divisional Head, Treasury and Institutional Banking in Fidelity Bank Ltd before joining First City Monument Bank Limited (FCMB) in the year 2006 where she has occupied several positions as the Group Head, Treasury and Financial Institutions, Divisional Head, Investment Banking and Financial Markets, Director Project and Structured Finance, and Divisional Head, Group Internal Audit. Prior to her appointment as Executive Director, she was the Regional Head, Lagos Region of the Bank.
Gboyega Balogun (Director)
Gboyega holds a B.Sc. in Economics and Management from the University of London (Royal Holloway College), and M.Sc. in Property Investment from City University, London. He was a registered representative of the New York Stock Exchange (Series 7), the London Stock Exchange, through his accreditation with Futures and Securities Association Registration (SFA) and is now an authorized dealer on The Nigerian Stock Exchange.
Gboyega professional career began as a trainee with Merrill Lynch International Bank Chester Street, London and subsequently moved to Private Wealth Management in Merrill Lynch Financial Centre (London) within a team of Financial Consultants managing in excess of $600mm in assets for Ultra High Net Worth clients in the African and Middle East Region. Gboyega returned to Nigeria in 2003, assuming the position of divisional head of stock broking, asset management and, registrars business.
Ladi Balogun (Director)
Ladi Balogun joined the FCMB group in 1996 as an Executive Assistant to the Chairman and Chief Executive. He has worked in various areas of the bank, including Treasury, Corporate Banking and Investment Banking.
He was appointed an Executive Director in charge of the Institutional Banking Group (IBG) in 1997. In 2000, he was made Executive Director in charge of Strategy and Business Development and in 2001 Deputy Managing Director.
He was appointed the Managing Director in 2005. He has over 18 years' experience in commercial and investment banking in Europe, the United States of America and Africa. He began his banking career in 1993 at Morgan Grenfell and Co Limited, where he worked in the areas of risk management and corporate finance (debt origination).
He was responsible for managing the bank's trading and investment positions in debt instruments in Latin America and Eastern Europe, and also part of a team that structured numerous complex debt deals in Latin America, Eastern Europe and the Asian sub-continent. Subsequently he worked at Citibank in New York before returning to Nigeria as in 1996. Ladi holds a bachelor's degree in Economics from the University of East Anglia, United Kingdom and an MBA from Harvard Business School, United States of America.
Abiodun Fagbulu (Executive Director/CEO)
Abiodun was the Head of Institutional Sales and Trading before his appointment as Executive Director and Chief Executive Officer of CSL Stockbrokers Limited. Prior to joining CSLS, he was Head, Asset Management and Securities at Kedari Capital where he was responsible for all investment management activities of the firm. He was also Head of Dealing (Nigeria) at African Alliance, a Pan-African investment management firm with offices in 11 African countries. Head Dealer, he was responsible for equities and fixed income trading in Nigeria with a mandate to provide direction to international clients who sought insights (macro, policy, industry and company-specific) required to navigate the local market.
Biodun was a director at TDA Capital where he established and managed a fund for a group of HNI’s with assets under management of over NGN 3bn. He also participated in the execution of several advisory mandates in the oil and gas sector.
Biodun has over 15 years’ experience of which the last 13 have been spent in the capital market. He has an MSc in Financial and Business Economics from the University of Greenwich and a BSc Accounting from Obafemi Awolowo University (OAU). He is also an Associate member of the Chartered Institute of Stockbrokers and an Authorized Dealing Clerk of the Nigerian Stock Exchange (NSE).
Wealth Management
At FCAM, we believe that just as you would like nothing short of the best and most experienced doctors taking care of your health, so also, you deserve to have the best financial minds taking care of your finances.
What is your top financial priority? Planning your future, growing your wealth or just focusing on an effective transfer of your wealth? What is your hope for the future? A secure retirement, college tuition for your children, a dream vacation home or just the confidence that comes with having your financial assets in safe hands? We possess the tools and expertise to help you achieve these. Our experience with financial management and the rigor with which we evaluate every investment makes us credible.
Our wealth management offering includes:
Separately Managed Accounts
Investment Advisory
Execution-only
Trust Services, in collaboration with CSL Trustees Ltd.
