Nigerian Exchange Group Plc (NGX Group) has appointed Jumoke Olaniyan as Group Chief Strategy Officer (GCSO), reinforcing its executive leadership as it advances the next phase of its post-demutualisation growth agenda centred on liquidity deepening, product innovation, digital transformation and integrated market infrastructure development.
In her new role, Olaniyan will lead enterprise-wide strategy formulation and execution across NGX Group, aligning cross-functional initiatives with the Group’s ambition to expand investor participation, strengthen market infrastructure, broaden product offerings and enhance long-term stakeholder value. The position is pivotal to consolidating NGX Group’s integrated exchange model spanning equities, fixed income, derivatives, data services and digital platforms.
A Capital Markets Strategist with Deep Market Architecture Experience
Olaniyan brings more than two decades of experience across financial markets, strategy, consulting and banking, with a career trajectory that reflects deep involvement in the structural evolution of Nigeria’s fixed income and exchange markets.
Prior to joining NGX Group, she spent over a decade at FMDQ Group Plc and its operating entities, where she played central roles in business development, market architecture, innovation and regulatory engagement across the fixed income, currencies and derivatives ecosystem.
From April 2022 to January 2026, she served as Executive Vice President & Divisional Head, Business Development at FMDQ Securities Exchange Limited. In that capacity, she drove strategic growth initiatives, expanded institutional participation and strengthened the Exchange’s product development pipeline.
Earlier, as Senior Vice President & Divisional Head, Market Architecture (2016–2022), she oversaw four critical portfolios: FMDQ Academy, Business Innovation, Market Development and Market Regulation. Under her leadership:
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The FMDQ Academy deepened financial markets education through competency-based programmes for stakeholders across the ecosystem.
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Business Innovation initiatives incubated new market structures, products and go-to-market strategies aligned with global standards.
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Market Development efforts focused on increasing credibility, sophistication and liquidity through product renovation and structural reforms.
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Market Regulation strengthened alignment with global regulatory standards through proactive engagement with the Securities and Exchange Commission (SEC), Central Bank of Nigeria (CBN), Debt Management Office (DMO) and other institutional stakeholders.
She also served as Non-Executive Director at FMDQ Private Markets Limited (2022–2025), further broadening her governance and strategic oversight experience.
Her earlier roles at FMDQ OTC Securities Exchange included Group Head, Market Development (2015) and Market Development Team Lead (2013–2014), where she helped activate and scale the Products and Markets Development function following the Exchange’s launch. During this period, she executed more than 25 strategic projects spanning derivatives development, benchmark design, standards reform and liquidity enhancement.
Foundation in Market Intelligence and Foreign Exchange
Before FMDQ, Olaniyan held leadership positions at FDHL Group, serving as Head, Training Unit (2012–2013) and Head, Market Intelligence Unit (2010–2012). She led the development of the Financial Markets Diagnosis and Outlook (FMDO) Report for regulators including the CBN and SEC and designed executive education programmes for non-executive directors.
Earlier in her career, she was a Foreign Currency Dealer at Guaranty Trust Bank Plc (2007–2010), trading spot and forward FX across major currency pairs and contributing significantly to team revenue through arbitrage and structured hedging strategies. She began her professional journey at IBFCAgusto Training Limited (now IBFCAAlliance Ltd), where she worked in business development and learning solutions design.
Academic and Professional Profile
Olaniyan holds a degree in Accounting and an MBA from INSEAD Business School. Over the course of her career, she has built a reputation for advancing market transparency, strengthening liquidity architecture, and delivering financial market solutions that enhance efficiency and resilience.
Strategic Significance for NGX Group
Her appointment comes at a critical juncture for NGX Group as Nigeria’s capital markets seek to deepen institutional participation, expand derivatives and fixed income liquidity, and attract broader domestic and foreign investment flows.
By appointing a strategy executive with deep experience in market architecture, product innovation and regulatory engagement, NGX Group signals a disciplined focus on execution, governance and sustainable value creation.
The move also strengthens female representation at the executive level within Nigeria’s capital markets leadership — an important signal as exchanges globally compete for credibility, innovation leadership and investor confidence.
