About Us

CardinalStone Asset Management Limited is a wholly owned subsidiary of CardinalStone Partners Limited.

The firm was incorporated on April 19, 2016 and licensed by the Securities & Exchange Commission (SEC) on December 18, 2019 to offer fund management services to clients.

We offer a broad range of investment products ranging from equities to fixed income and alternative investments. Prior to obtaining our license, our firm provided fund management services operating under CardinalStone Partners Limited.

The Company’s objective is to offer investment support and guidance that is responsive to our clients’ needs and help to deliver long-term value to clients. We serve institutional, high net worth and retail clients, and seek to build lasting relationships with our clients.

Our Vision

To build a world class Asset Management firm of African origin.

Our Mission

To position ourselves as the most trusted long-term advisor & financier to our target clients.

Our Culture

Over the years at CardinalStone, considerable effort has gone into fostering an inviting, vibrant yet challenging work environment that ensures we are in alignment with our vision. The CardinalStone brand promise is captured in 8 key elements which when taken together, we call The CardinalStone Way:

Trust

We only promise what we can deliver, and deliver what we promise.

Organizational Structure

We create opportunities for our people to have dynamic careers.

Meritocracy

We encourage and celebrate excellence, but challenge the ordinary.

Respect

We always treat everyone with courtesy and dignity.

People

We invest in our people.

One Firm

We all work together towards our common goal.

Leadership

We act as owners and hold each other accountable.

Standards

We strive to maintain the highest standards in all we do.

Value Proposition

Direct and Proactive Client Engagement

We strive to optimize each client’s experience. Clients get proactive service from their Investment Advisor who knows them, their preferences and helps them stay updated with insightful market dynamics.

Online Access

We grant all clients online access to their accounts. This keeps you informed and ensures complete transparency.

Tailored Investment Strategy

Whether our client is conservative or an aggressive investor, our bespoke investment plans are designed to suit the client. Our goal is to help clients consistently achieve set investment objectives with due considerations to the prevailing market conditions.

Diversification Across Asset Classes

We manage investments across various asset classes – equities, fixed income, currencies, real estate and other alternative investment solutions.

Disciplined Approach

Our Portfolio Managers build portfolios tailored to each client’s specific investment needs based on sound investment and risk management principles.

Management Team

Chairman Of The Board

Mairo Bashir

Mairo currently serves as the Chief Executive Officer of CreditCorp Limited—a consulting and advisory services firm based in Lagos—and as a Director on the boards of Information Connectivity Solutions Limited, Enownow Limited, Dangote Sugar Refinery Plc. Mairo is a founding member of Women in Management and Business (Wimbiz) and has served as a member of the Federal Government Steering Committee on Solid Minerals. Prior to founding CreditCorp, Mairo served in various management positions in United Bank for Africa (UBA), rising to become Executive Director, Corporate Services at the bank.

She was also Director of UBA Capital and Trust Limited; a fully owned subsidiary of UBA. Before joining UBA, Mairo worked in various institutions including International Merchant Bank Limited, where she gained experience across operations, credit and marketing. Mairo holds a B.Sc. in Business Administration from Ahmadu Bello University, Zaria and an MBA in Finance from the University of Jos.

Managing Director 

Mohammed Garuba

Mohammed is one of the founding partners of CardinalStone. Prior to joining the firm, Mohammed served as Director of Equity Securities at Renaissance Capital where he was responsible for driving the company’s equities trading and sales business in Nigeria. Before joining Renaissance Capital, Mohammed served as Managing Director/Chief Operating Officer of Zenith Securities Limited, a subsidiary of Zenith Bank Plc, where he was in charge of strategy, deal origination and execution. Mohammed began his professional career in the Finance and Treasury department of Intercellular Nigeria Limited; soon after which he began his banking career at Investment Banking & Trust Company Limited (Now Stanbic IBTC Bank Plc) as an officer where he worked in the asset management division and was involved in managing mutual funds for institutional investors and high net worth individuals.


Mohammed holds a B.Sc. in Insurance from the University of Lagos and is also an Associate of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Stockbrokers. He is an authorised dealing clerk of the Nigerian Stock Exchange. Mohammed is married with two children and enjoys football and reading.

Non-Executive Director

Michael Nzewi

Michael is one of the founding partners of CardinalStone. Michael most recently served as a Director in the Global Markets division at the London offices of Standard Chartered Bank (SCB). At SCB, Michael was responsible for originating and structuring corporate and leverage debt transactions for the sub-Saharan African region. Prior to joining SCB, Michael served as the pioneer Head of Corporate Finance at Vetiva Capital Management where he successfully executed several high profile advisory and financing mandates for financial institutions and corporates in Nigeria. He also worked briefly in the Corporate Finance Division of Access Bank Plc. Michael began his banking career at Investment Banking & Trust Company Limited (Now Stanbic IBTC Bank Plc) and prior to that, qualified as a Chartered Accountant at PricewaterhouseCoopers.

Michael holds a B.Sc. in Accounting from the University of Benin, Nigeria and an MBA from Said Business School, Oxford University, UK. He is an Associate of the Institute of Chartered Accountants of Nigeria. Michael is married with two children and is an avid Chelsea Football Club supporter.

Non-Executive Director

Wole Famurewa

Wole studied at the University of Lagos, Nigeria where he earned a bachelor’s degree in Finance. His university experience cultivated his keen interest in economics and financial markets. Between 1999 and 2010, he pursued a career in investment management and research. During this period, Wole worked at FSDH Securities, Lead Capital, Afrinvest and PHB Asset Management and was the head of investment research at all these organisations.

Prior to joining CNBC Africa, Wole was a frequent speaker/panellist at investment conferences in Nigeria and South Africa. Additionally, between 2002 and 2007 he was a freelance analyst for the Economic Intelligence Unit, writing/contributing to several reports including the Nigeria Country Commerce and Country Finance reports.

Wole joined CNBC Africa in 2010 as a business news presenter on the channel. His responsibilities include anchoring/co-anchoring live business programmes, interviewing top business leaders, financial analysts, government officials, traders and regulatory authorities. He has interviewed hundreds of high profile business and political leaders including Jacob Zuma (South Africa President), Goodluck E. Jonathan (former President Nigeria), Yemi Osinbajo (Nigeria Vice President) Ali Bongo Odinmba (Gabon President) Jeff Immelt (CEO, General Electric), Sebastian Coe (IAAF President), Sanusi Lamido Sanusi (Former Governor of Central Bank of Nigeria), Wale Tinubu (CEO of Oando Plc Nigeria), James Nwangi (CEO of Equity Bank Kenya).

Independent Director 

Yomi Adeyemi

Yomi Adeyemi is a graduate of Mathematics / Statistics with over twenty years of diverse finance industry experience in Corporate & Investment Banking, Stockbrokerage Services, and Strategic Business Turnaround. He is a Fellow of both the Chartered Institute of Stockbrokers and Institute of Chartered Accountants of Nigeria. He is also a CFA Charterholder and an alumnus of the Lagos Business School Executive Programme. Yomi has attended various training programmes in finance, leadership, and governance internationally including the Harvard Business School. 

He started his banking career with Merchant Bank of Commerce (MBCOM) in 1999. He left in 2000 to join the Corporate Banking Division of Lead Merchant Bank. Whilst at Lead Bank, he also worked in the Investment Banking Group that participated in various landmark capital market transactions. He was later seconded to the brokerage arm of the Bank (Lead Investments & Securities Limited) to revamp its dwindling fortune.  

Yomi left the Lead Bank Group in 2004 to join Core Trust & Investment Limited as Head, Financial Advisory Group, a position he held till 2008 when he left to take up the position of Managing Director/CEO, Fortress Capital Limited.  

Yomi has other business interests spanning Real Estate, Media & Advertising. He currently sits on the boards of Livestock Feeds Plc, Connect Marketing Services Limited, and Red Media Group in non-executive capacities. He is also a Council Member of the Nigerian Stock Exchange representing dealing member firms.  

He actively plays soccer, squash, and chess. He volunteers for Life Changers Foundation, a non-profit organization dedicated to assisting the less privileged through Education, Vocation & Enterprise. 

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