AIICO Insurance plc has appointed Babatunde Fajemirokun, the insurance firm’s second-largest shareholder after Sobandele David Sobanjo, as the managing director/CEO, with effect from August 14, 2019.
The appointment followed the approval of the National Insurance Commission (NAICOM), the insurance sector’s apex regulator, AIICO said in a statement filed Wednesday on the Nigerian Stock Exchange (NSE).
Fajemirokun started his career in 2001 as a visiting lecturer in the Division of Economics & Enterprise in Glasgow Caledonain University. He joined Accenture Financial Services Unit in 2003 as an analyst and specialised in Mergers and Acquisition projects. He joined Capgemini Consulting (UK) Business Information Strategy Unit (cross-industry) in 2008 as a Senior Consultant, and worked on UK government transformation projects.
The newly appointed Managing Director joined AIICO’s life division in 2009 and was responsible for key company projects in its maiden transformation projects. He served as the Chief Operating Officer and is responsible for key shared service functions and strategic growth in subsidiary companies.
Prior to joining AIICO, he worked in Accenture and then Capgemini Consulting (UK). In both companies, he provided consulting/advisory services to financial services and government clients predominantly in mergers and acquisitions (post-merger integration) and then the UK government transformation programmes.
He earned an MBA with a concentration in Finance from University of Chicago Booth School of Business, a Business Information Technology Systems Master’s degree with distinction from University of Strathclyde and a Bachelor’s degree in Business Economics from Glasgow, UK.
He is a Chartered Insurer (ACII, UK) and a Senior Member of the Chartered Insurance Institute of Nigeria.
