Dayo Obisan joins Canary Point Holdings Board

Dayo Obisan has been appointed as a board member at Canary Point Holdings, a leading financial services group.

In a statement released, the company highlighted Obisan’s extensive regulatory and operational expertise, which is expected to enhance strategic decision-making and foster growth.

Obisan’s Expertise in Digital Asset Regulation

Obisan brings a wealth of knowledge in digital asset regulation, having played a pivotal role in shaping Nigeria’s regulatory framework for cryptocurrencies during his tenure at the SEC. As the Executive Commissioner (Operations) at the Securities and Exchange Commission (SEC) Nigeria, he plays a pivotal role in shaping regulatory frameworks and driving operational excellence.

His tenure at SEC, which spanned from July 2020 to April 2024, underscores his commitment to fostering a transparent and efficient capital market in Nigeria.

Before his appointment at SEC, Obisan served as the President of the Fund Managers Association of Nigeria (FMAN) from July 2018 to June 2020. In this capacity, he championed industry best practices, promoted investor confidence, and advanced regulatory compliance within the fund management sector.

His career trajectory also includes a successful stint as Managing Director of Greenwich Asset Management Limited from September 2015 to June 2020. Under his leadership, the firm achieved significant growth and solidified its position as a key player in Nigeria’s asset management landscape.

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Obisan’s financial expertise was further honed during his time as Assistant Vice President of Investment Management at Chapel Hill Denham Group between February 2012 and September 2015. Earlier in his career, he served as an Associate Fund Manager at Afrinvest West Africa from May 2006 to January 2012, where he gained in-depth experience in portfolio management and financial advisory services.

Joining him on the board is Iyinoluwa Aboyeji, co-founder of Andela and Flutterwave, known for his significant contributions to fintech innovation and entrepreneurship. Both appointments have been formalized through an official induction process.

Kayode Lambo, Group Board Chairman of Canary Point Holdings, expressed confidence in the new board members, stating that they have been equipped with the necessary resources to drive informed and strategic decisions.

“The new board members are expected to bring valuable experience and innovation, particularly in the fintech space, aligning with Canary Point’s vision to integrate fintech and its components into their products and services,” Lambo said.

The company is setting its sights on ambitious growth. Group Managing Director Idris Ibrahim revealed plans to expand revenue and assets, with a long-term objective of listing on the Nigerian Exchange Group (NGX) and acquiring a commercial banking license.

Ibrahim noted that the company has a five-year strategic plan aimed at restructuring operations to enhance productivity and profitability, ultimately transitioning into a full-service commercial bank.

Emmanuel Bassey, Managing Director of Assets Microfinance Bank, underscored that the appointments would drive innovation in tailored digital financial products, particularly for grassroots clients and SMEs.

“The SEC is working to regulate the digital space while ensuring it is viable for operators and protects investors. The reality is that fintechs are here, and Nigeria remains one of the countries globally recognized for its proactive stance on digital asset regulation,” Obisan remarked.