Stockbrokers have been urged to enhance their skills and competencies with as only operators who embrace proactive and innovative business strategy would succeed under the new normal.
Panelists at a recent Chartered Institute of Stockbrokers'
For instance, the lead speaker and Divisional Head, Trading Business,
"The lockdown has resulted in a paradigm shift of what work should look like and the need for companies to re-invent their working models from this perspective. To thrive in times like this, market intermediaries need to embrace more innovative and pro-active strategies to ride the wave. Stockbrokers have a role to play in deepening the products traded in the market by facilitating cross listings of securities existing in other markets that help investors achieve their diversification and hedging needs, issuance of unsponsored Depository Receipts, currency tracking exchange traded funds (ETFs), access to international markets such as technology and health care," Chiemeka said.
Also speaking, the Chief Executive Officer, Stanbic IBTC Nominees, Mr.