BrandArena: Proshare Announces Leadership Shakeup Ahead of its Service and Business Process Restructuring

Tuesday, 22 December 2020

Proshare Announces Leadership Shakeup Ahead of its Service and Business Process Restructuring

Proshare, Nigeria's Premier Financial Information hub, as part of its fourteenth  (14th) anniversary announces the re-organisation of its leadership (as well as that of its subsidiary - WebTV Limited), as part of its transition to a "Tech-Driven Information Market" created to deliver value to a new financial ecosystem.

Proshare seeks to take the current experience to a fresh level that allows it to scale services to the benefit of its various stakeholders.

The change envisaged, is premised on a rethinking, refocusing, and reimaging of the business environment with technology being at the heart of a new fit-for-purpose company we have become, one that is ready and able to meet the imperatives of tomorrow by Q2 '2021.

The past has been a brilliant journey, but the future is a fresh chapter of the organizational narrative that defines a commitment to corporate sustainability and independent financial market governance overview.

The new thrust will provide users of the platform a different feel and flavour with higher interactivity and stronger user sensitivity. Concerns about the founder issue was resolved in 2018 and the move today is an extension of the well-thought-out plan for succession as well as repositioning for a market we can yet see.

Standing still when the waves of change come crashing down is what Proshare envisaged and sought to address via a hand-holding process that delivered a corporate rethinking, reimagining and re-strategizing approach now under the management of a team that understands the realities, requirements and responsibilities of value creation for success.

In furtherance therefore, and effective from January 01, 2021, the Board has approved the appointment of a new management for Proshare as follows:
  • Grace Adejare-AJUWON - Managing Director
  • Reshu BAGGA - Executive Director / Chief Technology Officer (CTO)
  • Saheed KIARIBE - Executive Director, Director of Data & Research
  • Teslim SHITTA-BEY - Executive Director / Chief Economist; and Managing Editor
  • Ottoabasi ABASIEKONG - Editorial Operations Manager for WebTV Limited (a subsidiary of Proshare Nigeria)
Speaking on these appointments, the Founder and Chairman of Proshare Nigeria, Mr. Olufemi AWOYEMI, expressed his confidence in the team he had the pleasure of working with prior to and during the transition period; which has demonstrated the necessary clarity in culture, conviction and corporate governance on the principal elements of what the firm was built upon to deliver that changed organisation envisaged. 

On this premise, the corporate board of Proshare will comprise of:
  • Olufemi AWOYEMI, Non-Executive Chairman
  • Oladipo Ibrahim Dawodu, Non-Executive Director
  • Ayo TERIBA (Dr.), Independent Director
  • Reshu BAGGA, Executive Director
  • Grace 'JARE-AJUWON, Managing Director
  • Saheed KIARIBE, Executive Director
  • Teslim SHITTA-BEY, Executive Director
  • Jennifer Aburime, Company Secretary (Managing Partner, HeloryMore Solicitors)
What to Expect from Proshare
As the year 2020 runs to a slow and circumspect close, and 2021 is ushered in with cautious uneasiness, optimism and defiant resilience; Proshare will through its well-established research function publish the following reports: 

1.     The Third Edition of the Personal Finance Series on Insurance;
2.     The Annual Nigerian Capital Market Report; and
3.     Proshare Confidential Report on the megatrends that will shape 2021 as the year 2020 blinks to an end

Also, in 2021, Proshare will launch its Revamped Platform which would be AI and ML enabled with various features that would improve the optimization, usability and efficiency of its site, with interactive data analytics, content personalization and recommendation tools as well as an accelerated mode of processing text, visual and audio content. 

The Management Team's Profile:

Grace 'JARE-AJUWON, AIoD - Managing Director
Grace joined the company seven (7) years ago as a business & market analyst with an eye for strategic execution and development with a  passion for business growth, data analysis, and new markets.

She is a data science enthusiast with over eight years' experience in business and market analysis, project management, digital marketing and product development; having obtained her first degree in Actuarial Science from the University of Lagos, Akoka, and currently holds a Post Graduate and Masters degree in Economics from the same University. She obtained numerous post-graduate certificates in areas related to strategy, risk management, change management and project management.

In furtherance of her executive development and organisation growth mandate; she embarked on a series of courses that saw her obtain professional certification as a Chartered Insurance Institute of Nigeria (CIIN) associate, become a member of the Institute of Directors (IoD) and a post-graduate diploma in Economics from the University of Lagos, to mention a few.

Prior to joining Proshare in 2013, she had worked with Index Investment Advisors Limited as a research analyst and contributed to the development of numerous industry reports and financial market training materials.

Grace has since then, and subsequent to her role in Proshare attended professional trainings covering Business Management, Financial Analysis, Advance Excel Operations, Project Management, Database Management using SQL and Business Analysis using Power BI. She is currently a member of the Institute of Directors (IoD) and has been responsible for the execution of all the strategic objectives of the company since 2018, while overseeing the business operations and service delivery functions of the firm from that time to now, including the project digital engagement that would transit the company to a DL/ML enabled environment which she would superintend over.

Reshu BAGGA, Executive Director / Chief Technology Officer
Reshu BAGGA is the founding Chief Operating Officer of the company who designed, developed and deployed the operating model for all Proshare engagements. She is often referred to as the "engine" of the service having control over both the technology and practice models of the firm (where she instituted the governance code on all engagements that broke walls in execution and challenged the ethos of the firm on its objectivity mandate).

Reshu was the difference in what stood us out; committed and equally confident on the very principles on objectivity, fairness and equitable discharge of subject, mandate and governance. She embodied what Proshare was and trained, wedded off, and  established what it was to be a Proshare analyst. She was able to do this based on her high-level credible application to task and role; which translated to her development goals for the capital market and economy.

This was made possible, in part, due to her personal attributes and because she is a skilled Computer Engineer with a Masters Degree in Business administration (Finance and Information Technology) from Amity Business School, Delhi, India. She has since gone on to acquire both academic and professional experience in the management of a change driven entity.

Upon leaving Nigeria to India, after seven (7) years of dedicated service, she continued to serve as the Chief Operating Officer (COO); taking on strategic roles in the design and implementation of research & development outcomes for a Pan-African institution using technology as the basis for innovation to ensure that services, applications, information and analytics are meshed to ensure Nigeria (Africa) is a dominant player in wealth creation, investment migration management and technology adoption as a service.

Saheed KIARIBE, Executive Director, Research Services
Saheed is a financial market enthusiast who joined Proshare over ten years ago to sort out and develop the data, research and financial analysis function. He came in with a B.Sc degree in Political Science from Olabisi Onabanjo University Ago-Iwoye (2005) and was part of our experiment to bring in outsiders to change the collation, processing and presentation of data related to the markets.

He has since, while delivering on this difficult assignment that required a bridge between tradition and the digital world, obtained an MBA in Marketing Management from Ladoke Akintola University of Technology, Ogbomosho. He is today, an associate member of the Institute of Capital Market Registrars (2010) and a keen student in other knowledge empowering institutes where he is pursuing formal qualifications.

Teslim SHITTA-BEY, Executive Director / Managing Editor / Chief Economist;
Teslim Shitta-Bey is a stock market/investment analyst, commercial and investment banker and financial journalist with a B.Sc degree in Economics and Statistics who has obtained numerous post-graduate certification in relevant business areas including Financial Journalism, Market Analysis and Editorial Management. He is the inaugural head of the firm's content team and facilitator of the knowledge engagements.

Prior to joining Proshare in 2018, he has, in the last three decades, accumulated a rich and varied experience as a stock market/investment analyst, served as a commercial and investment banker in a financial institution and served a tour of duty as a financial journalist with a leading business newspaper.

He has over two decades of experience in investment banking having started his Investment Banking career twenty-four (24) years ago at Capital Bancorp Limited, where for several years he headed the Investment Bank's Corporate Finance and Research Group (where he was institutional lead in the First Lagos State Government N50 billion Revenue Bond and the equity flotation of defunct African Petroleum Plc under a Federal Government privatization programme). As part of his responsibilities at Capital Bancorp Limited, he also took direct charge of Capital Market research, mergers and Acquisition (M&A) mandates, debt origination assignments and government privatization programmes.

Ottoabasi Edet ABASIEKONG, Editor, WebTV Limited
Ottoabasi is a financial journalist with a flair for socio-economic based programmes who has worked with Proshare for over seven years. He obtained his university education from the University of Uyo where he was awarded a BSc in Political Science. He has attended several journalism, digital media, client relationship and leadership courses in the country and is a certified customer experience officer. He is currently a member of the Presidential Economic Media Working Group and anchors the Economy & Politics and Market Review Programmes.

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