Summary
Overview
Work History
Education
Skills
Awards
Training
References
Timeline
Generic

Lukman Adekola

Lekki

Summary

Highly-motivated individual with desire to take on new challenges. Strong interest in positions that create opportunities for wealth creation and impact investment. Accompanied with exceptional leadership skills, adaptable work ethic, and exceptional interpersonal skills.

Overview

11
11
years of professional experience

Work History

NIGERIAN EXCHANEG GROUP (NGX)
03.2019 - 12.2020
  • Develop, design and project manage the introduction of exchange traded derivatives across various asset classes in the Nigerian capital market
  • Oversee all functions pertaining to the business and product development in line with the overall goal of ensuring that the products are appropriately priced, and meets Investors needs in the Capital market
  • Day-to-day management of both internal and external stakeholders and ensuring deliverables are met to support creation of new product and business development
  • Lead the Equity and bond income desk in redesigning and proposing a new regulatory framework for margin lending and securities lending
  • Lead the team that worked with the primary market team on the listing of the MTN and Airtel share for capital raising
  • Supervise and support the bond desk in process and issuance on new bonds and the (DMO) debt management office
  • Collaborate with DFI's to design and create attractive investable products that will help attend to financial needs of either a sectors or a particular demography
  • Coordinate and operate investor education program in partnership with interested stakeholders on derivatives-based products
  • Develop the market micro-structure to increase product profitability for the investors
  • Regular interaction with regulators such as PENCOM, SEC, CBN and NAICOM for market and product development advocacy
  • Collaborated with market participants to deepen the Capital market and increase liquidity with product introduction
  • Coordinated and planed road shows for derivative product launch as part of the market sensitization and capacity building strategy
  • Worked with the internal teams such as compliance and legal on the review and amendment of derivatives trading rules
  • Maintain close relationships with regulator (SEC) and collaborated on the creation of the Nigerian Capital market derivatives and Clearing framework
  • Designed the product profitability goals and provided input to appropriate financial areas
  • Direct all stakeholders' engagement and responsibilities towards the successful launch of a trading platform

FBNQUEST Capital Limited (FBNQC)
06.2014 - 02.2019
  • Lead the team that developed equity-linked products and provided bespoke trading and investment solutions for both domestic and foreign institutional and high net worth clients
  • Lead role in providing institutional clients with financial solutions advise in areas such as long- or short-term funding and FX currency risk management solution
  • Lead the team in charge of developing new trade Ideas for treasury and corporate banking desk across FBN Holdings
  • Supervised the creation of the pitch document and marketing materials for the above
  • Directly involved in the marketing of investable or solutions providing financial products to clients in conjunction with corporate banking and sales desks
  • Contributed to the growth of FBNQC's line with international banks across Europe and America
  • Develop and provide short-term liability products as a source of funding for non-listed companies
  • Provide strategic financial solutions/support to the office of the MD and Financial controller FBNQ Capital, on borrowing cost, assets and liability management and financing initiatives
  • Negotiated financing agreements and security documentation for private debt capital raise
  • Provided strategic transaction support for fixed income, equity, and debt capital markets transactions
  • Portfolio management (revaluation of assets and reallocation of assets) on both client and proprietary portfolio
  • Transaction Experience:
  • Signed MOU with international banks (Deutsche bank, Credit Suisse, MUFJ Securities, and Goldman Sachs) to potentially access over $150 million in trading line and liquidity
  • Worked with the corporate finance team to negotiate $15 million bilateral Lekoil transaction and lead the team that raised the fund
  • Lead the team that raised the N5 billion direct lending funds to Lekoil
  • Lead the team that structured and negotiated a $115 million total return swap transaction with Deutsche bank
  • Closed a $55 million secured funding transaction Deutsche Bank
  • Structured and executed a $50 million Non-interest banking sharia complaint investment for a client
  • Renegotiated and closed a $15 million secured funding with NSIA (Nigerian Sovereign Investment Authority)
  • Renegotiated and renewed a 1 year $25 million credit linked note investment transaction with NSIA
  • Arranged a N10 billion (~US$27.6million) commercial paper issuance programme for leading beverage company in Nigeria
  • Arranged a N5 billion (~US$13.8million) commercial paper issuance programme for leading CHI Ltd company in Nigeria
  • Closed a 334,346.00 U.S
  • Barrels commodity hedge contract with LEKOIL
  • Closed a $5 million carry trade transaction using FBNQC's proprietary fund
  • Closed 90 days N15.5 billion fixed income repo transaction with FBNQ Asset Management
  • Closed a $5 million currency swap transaction with a corporate

Bank of America Merrill Lynch, United Kingdom
05.2012 - 09.2013
  • Responsible for providing full-scale trade support for the equity trading desk (Futures and Options) / OTC derivative desk
  • Support derivative project design, architecture, and implementation
  • Build relationship with the internal global desk in different regions and external clients including hedge funds
  • Generate monthly analyses and reports of VAR for equity derivative contracts, present insights to senior leadership
  • Transaction Experience:
  • Valued and monitored high value ($50-$200 million) investment portfolio for the EMEA desk
  • Triggered a 90% reduction in reconciliation errors by creating new procedures for client position matching, contract pricing comparisons, and active collateral management for the equity Derivatives division
  • Affirmed/booked OTC trade ranging from $10 - $50 million and confirmed upfront payments for premium unwind
  • Monitored and reconciled cash/security collateral position of $500 million in line with mark-to-market movement
  • Valued cash collateral position by marking-to-market with foreign currency (F/X) movements and recall
  • Analyzed and corrected procedural problems involved in derivatives Income reporting
  • Calculated daily margins for derivative transactions for pricing Caps and Floors
  • Conducted strategic analysis of existing trade life circle process to ensure that previous issues did not occur again
  • Ensured adherence to all regulatory requirements and established key Compliance controls resulting in zero notable or significant issues
  • Provided transaction support on investor's road shows
  • Calculated maturity payoffs and coupon amounts for derivatives transactions

JP Morgan Chase, Bournemouth, UK
10.2011 - 12.2011
  • Daily communication with client custodian to agree on upcoming cashflows
  • Investigated and provided resolution of client fails through various means, including daily interaction with trading desks, sales desks and middle office groups
  • Established excellent relationship with sales, trading, and back-office team
  • Followed up with the custodians for corporate action event notice participation documents and receipt of instructions
  • Managed and monitored client financial assets according to risk tolerance and markets conditions, maintained ongoing client communication
  • Performed daily valuations, collateral management, trade capture, and lifecycle events for trades within the ranges of $10-$50 mill
  • Acting as the first point of contact for EMEA clients in relation to the processing of trades in capital markets
  • Performed day to day cash reconciliation positions for swaps, stocks, convertible bonds and called option through DTC (Depository Trust Company)

Deutsche Bank, United Kingdom
08.2010 - 09.2011
  • Supported daily trading activities on the desk to the tune of $100 million, working directly with Traders and Trading Managers
  • Supported the trader in increasing equity loan volume by $50 million within a few months of joining the team
  • Reduced long positions and cost of holding by monitoring portfolio of the United States and United Kingdom's equity market position on a daily basis in consultation with the trader
  • Provided product training and sales support with any necessary direct client engagement
  • Investigated trade break queries raised by Operations, analyzing trade booking/recaps, amending trades in risk management and working with traders to assess PNL impact
  • Processed collateral to and from trading desk to internal systems and custodians
  • Performed market value calculations on lending funds and ensure all transactions met established collateral thresholds
  • Analyzed and communicated potential risks relating to daily securities lending activities
  • Resolved discrepancies for trade related matters for traders in United State & United Kingdom
  • Ensure the prime brokerage service offered to the clients are in line with the SLA agreement
  • Prepared weekly emerging markets report to ensure proper dealings with counterparties, and for the monitoring of sensitive market such as the EMEA markets
  • Supported trader by actively managing $700 million cash, and equity collateral invested in money market instrument, including repo, commercial paper and multi funds to increase spread over loaned securities
  • Reported monthly summary of securities lending performance to senior management
  • Reviewed Securities lending agreement executed with top-tier brokerage firms

Deutsche Bank, United Kingdom
03.2010 - 08.2010
  • Monitored client portfolios, issuing & receiving collateral calls to ensure the firm's credit risk is mitigated
  • Provided the daily report on cash exposure management for clients in the USA and EMEA regions
  • Ensured accuracy of processes, as well as providing a high level of services for clients
  • Reconciled portfolio's net cash collateral activity in a timely manner to maximize investment potential
  • Liaised with internal groups (Credit, Sales, Trading, Middle Office, Legal, Front Office, Settlements, and Corporate Treasury) to resolve collateral issues

Sterling Bank / The Alternative Bank
01.2021
  • Executive level accountability (Proprietary fund allocation, Turnover, Balance sheet growth, Liquidity management, Product development, strategic equity investment) for the Corporate and Investment banking division
  • Key achievements:
  • Restructure the division to become more productive and profitable by introducing an investment focused team, a treasury business, structured trade team and corporate banking team
  • I pioneered the first ever NGN2.8 billion Private sukuk instrument by an Islamic bank, to support the off-balance sheet funding of commodities for the bank's food grade manufacturing client
  • (this also created alternative investment asset class for retail clients)
  • Played a key leadership role in growing the investment portfolio to over N4billion in 2 years from the under N1billion handed to me
  • Structured N250m funding for the creation of a farm mechanization company through an SPV for the Bank
  • Responsibilities Tasked with creation of a profitable business division, through the creation of a reliable and efficient Corporate and Investment banking team
  • Contributed to the year-on-year balance sheet growth to over N110b in 2023 financial year from about N85b in 2022
  • Create a strategy for deal origination, investment monitoring and post transaction management
  • Directed the equity investment in green and brown fields with a current portfolio value of about N5.5 billion
  • Designed and implemented competitive standards to aid market leading services and client retention
  • Contributed to the annual profitability target more than N2.5b
  • Implemented a post investment and financing monitoring strategy to ensure adherence to funding and investment terms by the investee companies and customers
  • Lead the $1.2m investment in ethical/impact funds to support the banks motto of wealth creation for all
  • (Aruwa & Ventures Platform)
  • Created a dedicated corporate banking team whose function is to originate and manage large ticket transactions on both financing and liabilities
  • Creation of a standardized investment strategy document for Bank's HEART sectors (Health, Education, Agriculture, Renewable Energy and Transportation)
  • Treasury and Liquidity Management
  • Restructured the existing team
  • (Created a trading team and liquidity management desk.)
  • Supervised the growth of the fixed income portfolio from N37b in year 2022 to over N65b in 2023
  • Introduction of new investment asset classes to the existing ones
  • (Gold asset Investment, REITS linked note)
  • Supervise the liquidity management process and fund availability to meet bank's settlement and funding commitments through CASA growth by introducing new corporate customers
  • Structured Trade and Product Management
  • Lead the commodities portfolio management and expansion
  • Lead the product and contract design for some targeted customers, that helped in aggregating commodities such as rice paddy & maize (Gerawa & Graceco)
  • Originated new deals and implemented a risk sharing structure for commodities export transactions
  • Implement a post financing monitoring structure for the adherence to the agreed terms by business owners
  • Direct the development of a product template for different cash crops across the Agric sector
  • Talent Development and People Management
  • Strategically recruited and managed corporate banking, treasury, investment banking and structured trade staff, maintaining high performance and productivity
  • Organized training and designed a growth plan for existing and new staff

Education

Certified Treasury Professional -

USA
01.2018

ACI Dealing Certificate -

01.2015

M.Sc. - Finance

Coventry University
United Kingdom
07.2009

B.Sc. Hons - Economics

Bowen University
Osun, Nigeria
01.2006

Skills

  • Business/Product/Market development
  • Capital formation / Fund Allocation
  • Mergers & Acquisition
  • Treasury/ALM management
  • Multi asset portfolio management
  • Leadership

Awards

FBNQuest CEO award for leadership on project delivery, 2017.

Training

  • Fixed Income and FX trading training and simulation - FMDA, Lagos, 2018
  • Advanced financial modeler and valuation training - dbrown, 2018
  • Financing and investment in infrastructure finance - Bocconi/Coursera, 2017
  • Lagos Business School Leadership and People management programmer, 2017

References

Available on request

Timeline

Sterling Bank / The Alternative Bank
01.2021

NIGERIAN EXCHANEG GROUP (NGX)
03.2019 - 12.2020

FBNQUEST Capital Limited (FBNQC)
06.2014 - 02.2019

Bank of America Merrill Lynch, United Kingdom
05.2012 - 09.2013

JP Morgan Chase, Bournemouth, UK
10.2011 - 12.2011

Deutsche Bank, United Kingdom
08.2010 - 09.2011

Deutsche Bank, United Kingdom
03.2010 - 08.2010

Certified Treasury Professional -

USA

ACI Dealing Certificate -

M.Sc. - Finance

Coventry University

B.Sc. Hons - Economics

Bowen University

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Lukman Adekola