About Us

ARM Securities Limited (ARM Securities) started operations in 1994 as a full service brokerage house that offers brokerage services to local as well as foreign private and institutional investors. The company is a dealing member of the Nigerian Stock Exchange (NSE) and is regulated by Securities and Exchange Commission (SEC).

ARM Securities is a product of an alliance between Hamilton Hammer & Co. Limited (“HH”) and Asset & Resource Management Holding Company (ARM) Limited. In 2008, HH aligned itself with ARM a major diversified financial service firm with special interest in asset management, investment banking, real estate and infrastructure financing. The aim of the alliance was to produce a world class brokerage firm that offers superior service; has strong capital base, robust technological platform, strong and efficient distribution capabilities as well as enhanced technical and human resources.

  Our Vision

To position ARM Securities as a full service brokerage company of choice offering a complete spectrum of securities trading services to local and foreign retail and institutional investors.

 Value Proposition

  • Access to quality research (macro-economic; equity and fixed income)
  • Timely execution & communication of trades
  • Competitive pricing of securities transactions
  • Access to alternative investment opportunities e.g. real estate, private equity etc.
  • Quality service delivery
  • Effective relationship management

Our Approach

The needs and objectives of our clients are at the center of what we do at ARM Securities. Because our overall objective is to exceed our clients service expectation, we start our process with our clients by profiling them and analysing their needs. The aim is to confirm what is important to them; their current financial circumstances; attitude to risk; investment objectives and the time horizon within which to achieve these objectives.

Having determined your needs and investment objective and knowing that every client is unique, we formulate our strategies to ensure we deliver a customised service aimed at achieving our clients overall investment objectives within the pre-determined time period.

At ARM Securities, you will provide the direction while we ensure efficient service delivery as well as provide knowledgeable support and access to quality research (macro-economic, fixed income and equity research) to enable you make an informed decision.

Board & Management

Mr Femi Akinsanya - Chairman

Femi Akinsanya is the Chairman of ARM Securities Limited. He was a General Manager and Head of Corporate Finance at First City Merchant Bank Limited (now First City Monument Bank Limited). Mr. Akinsanya is a member of reputable professional bodies and a licensed stockbroker of The Nigerian Stock Exchange.

He holds a BSc in Economics from the University of Lagos (1976), and MBA from Ahmadu Bello University, Zaria (1979).

Layi Olaleru – Managing Director

Layi Olaleru is currently the Managing Director and Head of Financial Advisory of ARM Securities Ltd. Prior to joining ARM, he was the Managing Director of Cordros Asset management Limited, a wholly owned subsidiary of Cordros Capital Ltd. Whilst at Cordros Capital, he worked in various capacities at different times including Head of Corporate Finance, Divisional Head of Operations, Head of Equity Sales & Trading and  Head of Research and Investment Analysis. He worked with Brickfield Road Associates Limited as a Fixed Income Research Analyst and Primewealth Capital Limited as a Senior Research Analyst.

He holds a B.Sc in Economics from the University of Ibadan and MSc. in Economic & Financial Forecasting from London Metropolitan University. He is a Fellow of the Institute of Chartered Accountants of Nigeria, an Authorized Dealing Clerk of the Nigerian Stock Exchange and an Associate Member of the Chartered Institute of Stockbrokers. He is an alumnus of the Executive Leadership training programmes at both Harvard University and Lagos Business School (Pan-Atlantic University).

Dr Temitope Oshikoya - Director

Dr. Oshikoya is the Chief Executive Officer of West African Monetary Institute. He has previously served as Chief Economist of the Africa Finance Corporation, as a Director at the African Development Bank (ADB), and an economic consultant to the World Bank. He has served on the board of directors of the East African Development Bank (Uganda), African Capacity Building Foundation (Zimbabwe), and Africa Regional Technical Assistance Centre (Tanzania), and the Governing Council of the Nigerian Economic Society; Nigeria 2025 Scenario Project; and the Policy Support Group of the Nigerian Economic Summit Group.

A commonwealth scholar, Dr. Oshikoya has PhD, MA, and B.Sc. First class honours degrees (Economics), MBA (Finance), CMA (Certified Management Accountant), and FCIB (Banking). He is a fellow of the Chartered Institute of Bankers, England and Nigeria; and a member, Institute of Certified Management Accountants, USA.

Jumoke Ogundare - Director

Jumoke was appointed Chief Executive of Asset & Resource Management Company Ltd ARM, the holding company of the ARM Group in July 2015. Between 2011 and 2015, she was Deputy Chief Executive Officer of the Firm. Prior to that she was the Managing Director, ARM Asset Management Non Pension, where she was actively involved in building the asset management business to become one of the leading asset management firms in Nigeria with several billions of Naira under management.

She has more than 25 years’ experience in credit & marketing spanning International Merchant Bank (IMB), Prime Merchant Bank Limited and Citadel Savings and Loans.

Jumoke holds a B Sc. in Economics from the University of Jos and a Masters in Business Administration degree from Cardiff Business School in Wales. She is also an alumnus of the Program for Management Development (PMD) of the Harvard Business School.

Wale Odutola - Director

Wale Odutola is currently the Managing Director of ARM Pension Managers (PFA) Limited. Prior to this appointment he had served as the Managing Director of ARM Securities, ARM Properties Plc., as well as ARM Hospitality and Retail Fund where he was responsible for significant improvements in the businesses operating performance. Wale has a B.Sc. Accounting degree from the University of Lagos and is an Alumnus of the Harvard Business School with over 18 years’ experience in the financial sector.

Kemi Oluwashina

Kemi Oluwashina joined ARM Securities effective April 01, 2016 as an Executive Director. Prior to that, she served as a Director at ARM Pensions where she was responsible for oversight of  Investment Management, Business Development and Relationship Management, Human Resources and Risk Management. Her experience at ARM included serving as Head, Investment Management, ARM Pension Managers, where she had responsibility for the investment management function of the firm, which cut across different asset classes and portfolios with varying objectives. She was a member of the Technical Committee of Pension Fund Operators Association of Nigeria (PenOp) and was actively involved in the input/recommendation process and review provided for various versions of regulatory investment guidelines during her 10 years at ARM Pensions. Prior to time at ARM Pensions, she worked as a research analyst and portfolio manager at Asset & Resource Management Company Ltd (ARM Investment Managers).

Kemi holds a Bachelor of Pharmacy (B.Pharm) from Obafemi Awolowo University and an MBA from Manchester Business School, UK.