Dele Babade has been appointed as acting Chairman Board of Directors of Diamond Bank
Following the resignation of Mr. Oluseyi Bickersteth as Director/Chairman of the Board of Directors of Diamond Bank Plc, Mr. Dele Babade has been appointed as acting Chairman effective December 24, 2018.
Babade’s profile/brief work history
Mr. Babade holds Bachelors and Master’s degree in Laws from University of London and was called to both the Nigerian and English Bar.
He commenced his career with Midland Montagu London on the graduate training programme in 1988 and at various times worked in the UK and Greece mainly in Corporate and Merchant Banking.
He joined Citibank in 1993 and garnered experience from Citibank’s Emerging market business focusing on businesses beyond Africa and became Vice President in charge of all cross border/international deals for Africa in 1996.
In 1998, he joined Nomura International in London as a Director for investment banking for Africa. After rejoining Citibank in 2000, he was moved to Nigeria and Ivory Coast in 2001 to 2006. He as well serve as Citibank’s Director and Region head Sub-sahara Africa Corporate Finance and Investment Banking based in South Africa from 2002 to 2006.
He started his own investment advisory firm in 2007 but left briefly to join Ecobank Transnational Inc as Head of Ecobank Capital from 2010 to 2012 and was also a member of the Group Executive Committee, the top Executive body for overall direction of the Eco Bank Group. Since 2012, he has been running his firm focusing on inward cross border transactions across the African continent.
He currently serves as Chairman of the Africa Risk Capacity Pan African Insurance Company (ARC Ltd) and is as well the Chairman of its Finance and Investment Committee. ARC Ltd, is a financial affiliate of the African risk Capacity, a specialized agency of African Union (AU), an initiative designed to improve current responses to climate-related food security emergencies.
Mr. Dele Babade was nominated by First Carlyle Growth V and his appointment as Non-Executive Director was approved by the Central Bank of Nigeria effective April 20, 2017.
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