Farooq Oreagba Biography
The current Managing Director and Chief Executive Officer Designate of NG Clearing Limited is the renowned Nigerian businessman Farooq Oreagba.
Farooq, who has gained significant experience in the financial services sector, has emerged as a prominent player in deal origination, capital markets, and investment banking during the last twenty years.
Farooq Oreagba Early Life and Education
Farooq Oreagba’s academic training provided a strong basis for his financial career.
He has a Bachelor of Engineering in Civil Engineering as well as a degree in Business and Finance.
He has a practical approach to problem-solving and analytical aptitude thanks to this special blend of skills.
In addition to being a trained Equities and Derivatives trader on the NYSE Euronext Exchange, he is also an SFA Futures and Options Representative (UK) and an SFA Registered Representative (UK).
Farooq Oreagba Professional Career
Farooq has had notable successes and leadership positions throughout his career in finance.
Leading the Eurostoxx 50 derivatives trading desk at AFS London, he started his career in international financial hubs.
He oversaw the trading of equity derivatives in South Africa as well.
He was crucial in creating a Pan-European Equity group at Cube Financial (Fortis) and was in charge of cash stock trading and European equity derivatives among interbank brokers.
In his capacity as Fimat International Banque (SA)’s Head of European Equities Derivatives, Farooq offered thorough broking services encompassing all facets of equities trading, including derivatives.
He served an international clientele of banks, hedge funds, and pension funds that were institutional clients.
He was active in both listed and OTC derivatives on the London International Financial Futures Exchange (LIFFE) during his time as the Director of Equity Products at GNI Limited (MAN Group).
Farooq Oreagba Leadership and Achievements
Farooq has worked in a variety of managerial and leadership capacities, most notably as the CEO and Partner of Karaho Capital Partners.
Here, he helped the company with its origination efforts and developed trusting relationships with enterprises and investment funds looking for business possibilities throughout Africa.
In line with the organization’s pan-African goal, he was able to lead business and product development in the West African region in his capacity as Country Director for the African Alliance in Nigeria.
Farooq held the position of Head of Strategy and Business Development Directorate at the Nigerian Stock Exchange, which is currently known as Nigerian Exchange Group Plc.
He played a key role in developing the Exchange’s business plan, launching fresh goods, and implementing global best practices.
Among his noteworthy accomplishments was the development of new indices, which are currently the foundation for derivatives products.
In addition, he created the foundation for the debut of Real Estate Investment Trusts (REITS) and Exchange Traded Funds (ETFs) in Nigeria.
Farooq Oreagba at NG Clearing
In September 2023, Oreagba was named NG Clearing Limited’s managing director and chief executive officer.
Under his direction, NG Clearing has maintained its status as the leading Central Counterparty (CCP) in West Africa and has become an integral part of Nigeria’s financial market infrastructure.
Farooq Oreagba Driving Innovation
Oreagba has received recognition for his ability to spur innovation in the financial services sector during his career.
His initiatives have played a pivotal role in cultivating a customer-focused culture and achieving enduring expansion.
Farooq Oreagba Strategic Vision
Oreagba’s strategic vision has been essential to NG Clearing reaching important milestones. Among these is the first-ever exchange-traded derivatives contract clearance in West Africa1.
Under his direction, a top-notch clearing and settlement system that easily combines with Nigeria’s major exchanges has been developed.
Farooq Oreagba Current Role
Farooq is now NG Clearing Limited’s managing director and chief executive officer designate.
His remarkable history of sales and trading in derivatives, with a focus on cash stocks and derivative products, has played a key role in his professional success.
His experience includes implementing fundraising and commercial growth plans at respectable financial institutions across the globe.
Farooq Oreagba Recognition and Appointments
His accomplishments and experience have been recognized in several executive leadership positions.
He was unanimously nominated by the NG Clearing Board of Directors, who acknowledged his exceptional contributions to the financial services industry.
Farooq Oreagba Personal Life and Wife
On May 14, 1970, Farooq Oreagba was born in Ogun State, Nigeria.
In terms of his private life, Farooq Oreagba has kept a quiet profile. Information regarding his spouse and family is kept private.
Media attention has also been drawn to Farooq for his fashionable attire, especially during the Ojude Oba festival, where he received accolades for his “swag sense” and “steeze.”
Comments on images of Farooq Oreagba and his son on the internet
Upon the release of striking images of Farooq Oreagba and his purported kid at the Ojude Oba ceremony, social media users quickly shared their hilarious reactions.
While some argued that the father possessed greater steeze, others pointed out that the young man was his nephew rather than his son.
Farooq Oreagba Net Worth and Social Media
The amount of Farooq Oreagba’s net worth is not made public.
He doesn’t have an Instagram account or a regular presence on social media, despite his well-known status.
Who Is Farooq Oreagba?
Nigerian businessman Farooq Oreagba, who holds the position of Managing Director at NG Clearing Limited, is well-known for his vast background in the financial services industry.
What is the educational background of Farooq Oreagba?
He has a Bachelor of Engineering in Civil Engineering as well as a degree in Business and Finance.
In his career, what positions has Farooq Oreagba held?
AFS London, Cube Financial (Fortis), Fimat International Banque (SA), GNI Limited (MAN Group), Karaho Capital Partners, and the Nigerian Stock Exchange are just a few of the organizations where Farooq has occupied senior positions.
Which noteworthy accomplishments have Farooq Oreagba achieved?
He created the foundation for ETFs and REITS in Nigeria, launched new products and indices at the Nigerian Stock Exchange, and oversaw the implementation of effective business growth and fundraising plans on a worldwide scale.
What is the net worth of Farooq Oreagba?
His wealth is not known to the general public.
Has Farooq Oreagba set up an account on Instagram?
No, he doesn’t have a profile on Instagram.
In Conclusion
Farooq Oreagba is a well-known figure in the financial services business thanks to his distinguished career filled with notable accomplishments and leadership positions.
Many organizations have grown as a result of his expertise in business development and derivatives trading.
Even if he keeps a low profile in his personal life, his professional achievements are nonetheless respected and well-known.
