CSCS Plc has just appointed Shehu Yahaya Shantali as Chief Executive Officer (CEO), while also lauding the solid legacy of the outgoing CEO, Haruna Jalo-Waziri.
Central Securities Clearing System Plc (CSCS) is Nigeria’s premier Financial Market Infrastructure providing depository, clearing, and settlement services across multiple exchanges in the Nigerian capital market.
Shantali’s appointment as Chief Executive Officer of CSCS, effective January 1, 2026, follows the receipt of regulatory no-objection.
He succeeds Jalo-Waziri, who will be stepping down after a successful eight-year tenure at CSCS marked by strong leadership, strategic growth, and significant contributions to the development of Nigeria’s capital market infrastructure.
During his tenure, Jalo-Waziri provided visionary and results-driven leadership that delivered sustained growth and far-reaching transformation across the organisation. He led the successful execution of critical strategic initiatives, strengthened governance and operational effectiveness, and modernised the company’s systems and processes, positioning the organisation for long-term resilience and competitiveness.
His leadership significantly enhanced stakeholder confidence, deepened the organisation’s market relevance both domestically and internationally, and established a strong, future-ready foundation for continued success.
Since his appointment in 2017 as Managing Director/ CEO of CSCS Plc, Nigeria’s capital market infrastructure, Jalo-Waziri took full responsibility for the leadership of the institution towards diversifying the earnings and repositioning the core operations for growth and efficiency gains.
He was previously Executive Director, Capital Markets at The Nigerian Stock Exchange (now Nigerian Exchange Group Plc), where he led cross-functional teams responsible for the recovery of primary and secondary markets between 2012 and 2017.
With three decades of experience spanning Investment Banking, Securities Trading, Pension Funds Administration, Asset Management, Business Development, and Financial Market Regulation, an award-winning executive, Jalo-Waziri is an alumnus of Lagos Business School, IESE Spain, and the Venture Capital Institute of America.
Growing CSCS profit in his years of stewardship and consistently delivering higher returns on average equity, including the pandemic year, Jalo-Waziri positioned CSCS as a leading financial market infrastructure in Africa, with a focus on deepening the Nigerian market.
Jalo-Waziri is a Non-Executive Director on the Boards of NG Clearing Limited and Lagos Commodities and Futures Exchange Limited.
Jalo, who is a Non-Executive Director of the International Securities Services Association (ISSA), Switzerland, also represents the World Forum of Central Securities Depositories on the Operating Committee of ISSA.
He is the Vice President of the Africa and Middle East Depositories Association (AMEDA) and an active member of Nigeria’s SEC-led Nigerian Capital Market Committee.
Jalo-Waziri serves on the Institute’s Annual Workshop Organising Committee and plays active roles in different engagements and initiatives of the Institute. He chaired the Organising Committee of Nigeria’s Economic Summit in 2021 and continues to provide support to the Nigeria Economic Summit Group.
He co-managed a number of initiatives at the Exchange, including the launch of the Premium Board, strategic partnership of the London Stock Exchange with the Nigerian Stock Exchange and development of the Nigerian Savings Bond, FGN Sukuk Bond and Green Bond, amongst several other market-wide initiatives.
He was at different times Chief Executive Officer of UBA Stockbrokers Limited and UBA Asset Management Limited, both subsidiaries of United Bank for Africa Plc. He led the transformation of both businesses from being loss-making entities into sustainably profitable businesses, ranking top-5 in their respective segments.
In the course of his career, he led the Corporate Finance practice of Afrinvest West Africa (formerly Sectrust) and was the Chief Investment Officer of First Alliance Pensions (now part of ARM Pensions). Haruna’s career traversed the Securities and Exchange Commission and Kakawa Asset Management Limited.
An award-winning Executive and alumnus of the Lagos Business School, IESE Spain, and Venture Capital Institute of America, Jalo is a graduate of Economics and has a post-graduate degree in Business Administration. He is a Chartered Stockbroker, Associate of the Chartered Institute for Securities and Investment (CISI), United Kingdom, and a member of the Institute of Capital Market Registrars.
Jalo-Waziri provides thought leadership perspectives on topical issues, particularly on the economy and financial markets, on various global platforms.
In addition to degrees in Economics and Business Administration, Jalo-Waziri is a Chartered Stockbroker, an Associate of the Chartered Institute for Securities and Investment (CISI) UK, and a Life Member of the Institute of Directors, Nigeria.
Beyond his executive role, Jalo-Waziri actively contributes to global and regional financial market development, serving as the Vice Chair of the Africa and Middle East Depositories Association
(AMEDA) and represents the World Forum of Central Securities Depositories (WFC) on the Board of the International Securities Services Association (ISSA), Geneva.
He also sits on a number of industry-wide committees, including those of the Securities and Exchange Commission, the Chartered Institute of Stockbrokers, and the Nigerian Economic Summit Group.
A passionate advocate for education and social impact, Jalo-Waziri serves on the boards of several non-profits, including BusinessDay’s Advisory Board, Special Olympics Nigeria, and AIFA Reading Society.