Finance Minster Adeosun Appoints Mary Uduk SEC DG
Ms Mary Uduk has continued to rise within the ranks in the civil service thanks to her expertise.
After serving in various departments in the finance ministry, she has now risen to become the Director General of the Securities and Exchange Commission.
Finance minister, Kemi Adeosun made the announcement after redeploying Abdul Zubair, who had held forte since December.
Zubair was drafted in temporarily following the suspension of Mounir Gwarzo on November 29, 2017 over allegations of financial impropriety.
According to Oluyinka Akintunde, Special Adviser, Media & Communications to the minister, Uduk’s appointment was governed by the provisions of the Investments and Securities Act (ISA), 2007 and the conditions of service applicable to the Director-General of the commission.
The Minister in a letter dated April 13, said Uduk’s appointment had become necessary to ensure effective regulation of the Capital Market.
“Her appointment will be subject to satisfactory performance, subsist until further notice,” she said.
Uduk joined the commission in 1986 as an assistant financial analyst.
Her career as a regulator has spanned many functions and departments, from corporate finance, administration, to providing structural, policy and due diligence for capital market transactions.
She has also been responsible for managing several landmark projects including; the registration of capital market operators, articulating rules for bonds and equities; mergers, acquisitions and takeovers.
Uduk also served as the pioneer Head of the Operations Division in the Lagos Zonal Office, and has headed various departments in the commission, including Internal Control, Investment Management, Financial Standards and Corporate Governance and Securities.
Zubair, the former acting Director-General of the Commission, has been posted to SEC’s External Relations Department.
The minister also appointed Reginald C. Karawusa as Acting Executive Commissioner, Legal and Enforcement; Isiyaku Tilde – Acting Executive Commissioner, Operations and Henry Roland Adekunle – Acting Executive Commissioner, Corporate Services.
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