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BVMAC is looking for a new general manager – EcoMatin

The race for the CEO’s chair Central African Securities Exchange (Bvmac) is thrown. The Bank of Central African States (Beac) launched a notice for the recruitment of a new chef, replacing Jean Claude Ngbwa.

According to Beac’s announcement, “The new CEO will have to establish and execute plans to achieve the strategic objectives of the exchange, namely competitiveness, operational efficiency, diversification and vigorous growth. He will have to provide insights and guidance to increase liquidity and deepen Cemac’s financial markets. “

Under the authority of the board of directors,“It will be responsible for managing, supervising and promoting the activities of the stock exchange for the benefit of its members, all stakeholders and the public that invests in them”, indicates the Central Bank of the six Cemac States (Cameroon, Central African Republic, Republic of Congo, Equatorial Guinea, Gabon and Chad).

The full-time contract will be renewable for one year and the start of services is scheduled for March 2020; the first three months constituting a probationary period. The workplace is located at the headquarters of the Bvmac in Douala.

Required profile

To apply, candidates must provide information demonstrating that they have the required qualifications and relevant experience for the performance of this mission, namely: hold a higher education diploma or Master (bac +5) in business administration or an equivalent diploma; have 10 years of experience directly related to the capital markets (stock exchange, regulator or operator of the capital markets) or 15 years of experience in the financial sector, including at least five in senior management or direction ; have a thorough knowledge of the functioning of Cemac’s financial institutions and be a citizen of one of its member countries.

In addition, fluency in French and English is required. Knowledge of Spanish or Arabic would be an advantage. The selection will be made in two stages. The first consists of the assessment of candidates by a recruitment agency on the basis of a letter of application, a CV and any other documentary evidence of the experience acquired. The second stage will be devoted to interviews with short-listed candidates. Eligible candidates from Cemac will be interviewed by the scholarship board. Ultimately, the Council will make the final selection of the best qualified candidate to be appointed to the position of CEO.

On reminder, Jean Claude Ngbwa was appointed managing director of Bvmac in July 2019, the day after the merger of the former Douala Stock-Exchanges (DSX) and the former Central African Securities Exchange created in Libreville (Gabon).

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