PRESIDENT Bola Tinubu has appointed Rotimi Akinde and Ifeoma Uz’Okpala as executive directors of the Bank of Industry (BOI).
According to a statement on Wednesday by Theodora Amechi, head of public relations division at BOI, the appointment took effect on August 26.
BOI said Akinde will serve as executive director of corporate finance and risk management, while Uz’Okpala will take on the role of executive director of large enterprises directorate.
‘AKINDE HAS 20 YEARS INVESTMENT EXPERIENCE’
Akinde is a finance professional with over 20 years of investment and corporate banking experience and an extensive track record covering capital raising (debt, equities and hybrids) as well as corporate finance (mergers and acquisitions, privatisation advisory and project finance).
Before joining BOI, he was an associate partner, project and corporate finance at Infrastructure Delivery International (IDI), where he worked on the UKNIAF programme, promoting green finance and structured debt solutions for sub-nationals.
Akinde also worked as the corporate finance advisor at the Nigeria Infrastructure Advisory Facility (NIAF), providing financing initiatives, modelling and funding structures on infrastructure.
His previous roles include serving as group head and assistant general manager, multinationals at UBA Plc and vice-president of corporate finance and advisory at UBA global markets (now United Capital).
“He was a privatisation adviser and head of oil and gas team at the Bureau of Public Enterprises (BPE), where he closed on the divestiture and sale of the government’s equity interest in 11 oil services companies and achieved the sale of all the government’s LPG assets,” BOI said.
“Akinde was an assistant manager in Leadbank Plc, within both the investment and corporate banking groups.”
He also has experience in the financial sector in the United Kingdom (UK), having worked as an investment analyst with Barclays Funds and as an analyst with Merrill Lynch Investment Managers, London.
Akinde holds a bachelor’s degree in economics from Obafemi Awolowo University, Ile-Ife, a master’s degree in international securities, investment and banking from the University of Reading, UK, and an executive MBA from INSEAD.
