The United African Company of Nigeria has declared that Mr. Khalifa Adebayo Biobaku has been chosen to serve as the new Vice-Chairman of the Board of Directors.
The company’s secretary, Ayomipo Wey, disclosed the announcement in a statement.
Wey claimed that since being appointed to the board in March 2022, he had been serving as a non-executive director at UAC.
“Mr. Biobaku is an accomplished financial and investment expert with twenty years of experience in investment banking, fund management, and private equity in Europe, the Middle East, and Africa.
“Mr. Biobaku served as the co-Managing Partner of Blakeney Management, London’s specialized firm for investing in emerging countries, for almost ten years.
He has also held positions at Morgan Stanley International, Davidson Kempner Partners, and Goldman Sachs International in London.
He has a wealth of experience in developing and executing strategies, obtaining funds, carrying out corporate actions and restructurings, engaging in business negotiations, and developing productive teams.
Mr. Biobaku received his M.Eng. from Oxford University in engineering, economics, and management.
The Board of UAC also disclosed Mr. Babatunde Kasali’s resignation as a Non-Executive Director.
The Board expressed gratitude for Mr. Kasali’s time and best wishes for his future endeavors in its statement.
The United African Company was founded as a commercial firm in 1879. It has changed over time to become an investment holding firm with operations across a range of the Nigerian economy’s sectors.
