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Making stock trading
accessible to all

ARM Securities Limited (ARM Securities) started operations in 2004 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 Value Statements

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.

  • 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


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).


Dr Temitope Oshikoya


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.


Wale Odutola


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.


The ARM Advantage








Felix Ohiwerei


Deji Ali

Non-Executive Officer

Jumoke Ogundare

Executive Officer

Sadiq Mohammed

Deputy Chief Executive Officer, ARM