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nigeria sovereign wealth fund management team

Prior to his UBS experience, Mr. Orji spent six years at JP Morgan in London, 2001-2006, rising from the position of Vice President to Managing Director within the Equities Division. She has been involved in policy formulation and reforms through participation in many, Presidential, National Assembly (the Parliament), Ministerial and private sector Committees and serves as adviser to various international development agencies and local NGOs. Sovereign wealth fund – A paradigm shift for Nigeria Agbaeze E. K.1* and Onwuka I. O.2 1Department of Management, University of Nigeria, Enugu Campus, Nigeria. He also worked with Denham Capital Management, an oil and gas, mining, and power focused private-equity fund. The Authority is a full member of the International Forum of Sovereign Wealth Funds (IFSWF) and is governed in accordance with the Santiago Principles, a voluntary set of principles and practices developed by the International Working Group (IWG) of Sovereign Wealth Funds (SWFs) in October 2008. He formerly served as a Partner at Goldman, Sachs & Co., where he held a number of senior management positions, including that of Global Chief Operating Officer. ... and at the third level is the Executive Management team. Nigeria has so far invested in the SWF $1 billion, then $500 million, and a further $650 million. The Executive team, along with other functional heads who are members of the Executive Committee, report to the Board of Directors. Prior to this, Mr. The Nigeria Sovereign Investment Authority is managed by a three-member team of Executive Directors led by the Managing Director/Chief Executive Officer. Ms. Buba holds a Bachelor of Science Degree (BSc) and Masters in Business Administration (MBA) from the University of Maiduguri. He urged Federal Government to urgently consider funding the East-West Road from the Sovereign Wealth Fund to guarantee its completion by 2022 … Mr. Maccido is a Fellow of both the Chartered Institute of Stockbrokers and the Chartered Institute of Bankers of Nigeria. The twelve members of the public, who are appointed by the President of the Federal Republic of Nigeria each serve single terms of four years. With the change in the structure of the First bank Group to a financial holding company in 2012, Mr Maccido subsequently became the pioneer Group CEO of FBN Holdings PLC. His first banking financial industry experiences were at Diamond Bank Plc., Lagos and Arthur Andersen, Lagos. The President of Nigeria Goodluck Jonathan has asked his economic team led by the newly appointed Minister of Finance Olusegun Aganga to make the requisite arrangements to establish a sovereign wealth fund (SWF) as soon as possible. He is a Patron, Lagos State Council, Boys’ Brigade Nigeria and a Paul Harris Fellow of The Rotary Club International. Mr. Eke is a Fellow of the Chartered Institute of Bankers of Nigeria (CIBN), Fellow of the Institute of Management Consultants (IMC), Fellow of the Institute of Directors (IoD) and Fellow of the Institute of Chartered Accountants of Nigeria (ICAN). The NSIA is managed by a three-man team of Executive Directors led by the Managing Director/Chief Executive Officer. Executive decisions at the highest level are taken through the various Board Committees numbering namely the Board Externally Managed Investments Committee (BEMIC), Board Direct Investments Committee (BDIC), Board Compensation & Human Resources Committee (BC&HRC), Board Audit Committee (BAC), Board Finance and General Purpose Committee (BF & GPC). On April 11, 2019 5:21 am In Business, News by vanguard. He also obtained an MBA from Harvard Business School in 1998. Prior to JP Morgan, he worked for Goldman Sachs Asset Management, London, 1998-2001, as an Analyst/Portfolio Manager. According to Wall Street Journal, “Nigeria’s $1 billion The sovereign-wealth fund will be overseen by a governing council, made up of members of civil society including representatives from media and academics, that will review its decisions to ensure that the money is transparently invested, she said. The Executive team, along with other functional heads who are members of the Executive Committee, report to the Board of Directors. He commenced his career at Ecobank Nigeria Plc and steadily rose through the ranks within the banking industry culminating in his appointment as Executive Director in charge of Retail banking at First Bank of Nigeria Limited. She served as Vice President and Head of Quality Assurance, Africa at Citibank with direct oversight of the enterprise risk and control environment in 14 countries across Africa. Mr. Zeitlin is a private investor with interests in Asia, Africa and the Middle East. He is a Barrister at Law (BL) of the Supreme Court of Nigeria and an Alumnus of the Executive Business Programs of the Harvard Business School, The Wharton School, INSEAD Business School, Fontainebleau, France and IMD, Lausanne, Switzerland. The $360bn Public Investment Fund on … He joined NSIA as CEO in October 2012, from Switzerland’s largest bank, UBS Securities, where he was Managing Director in the New York branch of its Equities Division. Mr. Orji studied Chemical Engineering at the University of Port Harcourt, Nigeria, graduating in 1990. NSIA has over the last two years developed into one of the best governed Sovereign Wealth Funds (SWF) globally as evidenced by the high ranking that NSIA received from the Sovereign Wealth Fund Institute (SWFI) in the United States, which ranked NSIA in the joint-second category in a group of over 56 SWFs globally. Mr. Zeitlin holds an A.B. Saudi Arabia’s sovereign wealth fund overhauled some of its top management as it prepares to take a greater role in the local economy. NSIA is the highest ranked SWF in Africa. She is a member of the Institute of Petroleum (UK), Nigerian Gas Association, Nigerian Chamber of Shippers and the International Association for Energy Economics (IAEE), amongst others. US$10million investment in Fund for Agriculture Finance in Nigeria (FAFIN) US$10million investment in Nigeria Mortgage Refinancing Company (NMRC) Co-developer of the Second Niger Bridge Project; Co-developer of the Nigeria Credit Enhancement Facility with DFID; Expected Avg. He holds a Law Degree (LL.B), and a Masters Degree in Business Administration (MBA) from Ahmadu Bello University, Zaria and Wayne State University, Detroit, Michigan, USA respectively. She had a decade-long career at professional services firms Arthur Anderson and KPMG in Nigeria and South-Africa, providing financial advisory and business assurance services. © Copyright 2016 Nigeria Sovereign Investment Authority. She is an honorary member of the Nigerian Chartered Institute of Bankers and has attended various courses. He urged Federal Government to urgently consider funding the East-West road from the Sovereign Wealth Fund to guarantee its completion by 2022 as being taunted by the Minister of the Niger Delta. The NSIA SWF is a savings account, set up by law, with an independent Board of Directors and a clear mandate. Since joining NSIA, Mr. Umar-Sadiq has led the development, execution and management of critical domestic infrastructure projects in the agriculture, healthcare, motorways, real-estate and power sectors. The Nigeria Labour Congress (NLC) has warned state governors to shun the temptation to borrow from the N17 trillion pension fund for infrastructure. Nigeria’s Sovereign Wealth Fund was an upgrade on the ECA. He also advised many asset managers, including Nigeria's sovereign wealth fund, the NSIA (Nigeria Sovereign Investment Authority). He assured that the trustees, alongside other professional parties, will support the fund management team to ensure that the fund realises its objectives. The Bretton Wood Institution disclosed that the index was compiled using the corporate governance and transparency scores of the sovereign wealth funds and the size of assets as a percentage of 2016 GDP of the countries considered.. Nigeria ranks 2nd worst, as IMF pointed corruption is the bane of the country’s problem. Mr. Ighodalo is a founding partner of Banwo & Ighodalo, a leading multidisciplinary law firm; which provides first-class legal advice on numerous aspects of corporate and commercial Nigerian law. In accordance with the NSIA Act 2011, the NSIA appointed an independent audit function separate from the management. With the SWF aiming to secure funding for infrastructure and to protect the economy from price-shocks; and also hoping to attract foreign investors to the Nigerian market, Orji’s international … During the course of his career, he was also the pioneer CEO of Legacy Pension Managers Limited (now FCMB Pension), a pension administration company, during which period he took the company through financial breakeven to operating profitability. degree, magna cum laude, in Economics and English from Amherst College and an M.B.A. degree from Harvard University. The NSIA operations are professional and transparent. Eke, a consummate financial services expert is the Group Managing Director, FBN Holdings Plc and serves as a Non-Executive Director on the Boards of First Bank of Nigeria Limited and FBN Merchant Bank Limited. Board decisions are taken through the various Board Committees namely the Investment Committee, Audit Committee, Compensation Committee, Risk Committee, and Finance and General Purpose Committee. Shop for Best Price Nigeria Sovereign Wealth Fund Management Team And Otb Fund Management . Auditor’s role and responsibilities are to audit the business and account for the activities at the NSIA over the period. He is the Chairman of the Board of Directors of Coach, Inc. and Founder of the Keffi Group. A thirty five-member, Governing Council oversees NSIA's affairs and supervise the Board. The fund was established by the Nigeria Sovereign Investment Authority … Nigeria, Africa’s top oil producer, started a sovereign wealth fund with an initial capital of $1 billion and hired KPMG to select its management team. Mr. Olajide Zeitlin / Chairman of the Board of Directors, Mr. Uche Orji - Managing Director/Chief Executive Officer, Mrs. Stella Ojekwe-Onyejeli – Executive Director/Chief Operating Officer, Mr. Aminu Umar-Sadiq - Executive Director. He brings a wealth of global experience in the financial services sector to his role as MD/CEO. She possesses an M.B.A from Cranfield School of Management in the UK. The legal framework for the Nigeria Sovereign Investment Authority (NSIA) is the NSIA Act 2011. Ms. Machunga-Disu is a seasoned petroleum-energy economist and analyst, with over 30 years Oil and Gas industry experience and is a provider of consulting and technical services in the sector, as CEO and Director in associate energy companies. He is the Founder and Chairman of Elder K.U. Saudi Arabia’s sovereign wealth fund reshuffled some leadership positions, bringing in the chief of the kingdom’s debt management office as head of corporate finance and naming a … The Council is led by the President and Commander in Chief of the Nigerian Armed Forces as the Chairman of the Council. The Nigeria Sovereign Investment Authority is a Nigerian establishment which manages the Nigeria sovereign wealth fund, into which the surplus income produced from Nigeria's excess oil reserves is deposited. A thirty-five-member, Governing Council oversees NSIA’s affairs and supervises the Board. If you searching to evaluate Nigeria Sovereign Wealth Fund Management Team And Old Mutual Managed Alpha Fund price. He is the Chief Executive Officer and Chairman of Tapestry Inc. He joined NSIA as CEO in October 2012, from Switzerland’s largest bank, UBS Securities, where he was Managing Director in the New York branch of its Equities Division. Prior to joining the NSIA, he worked in mergers and acquisitions at Morgan Stanley focused on the Energy and Utilities sectors. The Federal Government of Nigeria announced last week that Mr. Uche Orji is to be appointed as Managing Director and Chief Executive officer of the newly created Sovereign Wealth Fund (SWF). On crude oil revenue makes its economy subject to the vagaries of the Nigeria Sovereign Authority. Founder and Chairman of Elder K.U, a Nigeria Leadership Initiative Associate and a further $ 650 million report the! Forces as the Chairman managed Alpha fund price you searching to evaluate Nigeria Sovereign Investment Authority Mutual managed fund. The Keffi Group as a leading Sovereign wealth fund globally playing a role in the financial sector... Port Harcourt, Nigeria, graduating in 1990 Federal government of Nigeria, 2014 Nigeria Sovereign wealth overhauled! 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