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Nairaland Forum / Nairaland / General / Business / Diamond Bank Appoints Dele Babade Acting Chairman (16122 Views)
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Diamond Bank Appoints Dele Babade Acting Chairman by PVision2020(m): 11:20am On Dec 28, 2018 |
Diamond Bank Plc on Thursday notified the Nigerian Stock Exchange (NSE) that following the recent resignation of Mr. Oluseyi Bickersteth as Director/ Chairman of the Board, the Board of Directors of the bank has appointed Mr. Dele Babade as acting Chairman effective December 24, 2018. Babade holds Bachelors and Master’s degrees in Laws from University of London and was called to both the Nigerian and English Bar. He started his career with Midland Montagu London (the predecessor of HSBC Investment Bank) 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 Markets business focusing on businesses beyond Africa and became Vice President in charge of all cross border/international deals for Africa in 1996, statement on the NSE website explained. In 1998, he joined Nomura International in London as a Director for Investment Banking for Africa. After re-joining Citibank in 2000, he was moved to Nigeria and Ivory Coast in 2001 as Executive Director covering Nigeria and West Africa and was a board member of Citibank Nigeria from 2001 to 2006. He also served as Citibank’s Director & Regional Head Sub-Sahara Africa Corporate Finance & 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 Ecobank 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 also the Chairman of its Finance and Investment Committee. ARC Ltd is a financial affiliate of the African Risk Capacity, a specialized agency of the African Union (AU), an initiative designed to improve current responses to climate-related food security emergencies. Babade was nominated by First Carlyle Growth V (Carlyle) and his appointment as a Non-Executive Director was approved by the Central Bank of Nigeria effective April 20, 2017. Diamond Bank is currently in a business combination deal with Access Bank Plc. https://www.thisdaylive.com/index.php/2018/12/27/diamond-bank-appoints-babade-acting-chairman/? 4 Likes |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by babyfaceafrica: 11:21am On Dec 28, 2018 |
wonderful |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by OneCorner: 11:25am On Dec 28, 2018 |
Tribalism |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by TooNoisy(f): 11:30am On Dec 28, 2018 |
A big shame this bank will not survive. This is a big lesson to would be entrepreneurs. Your son does not have to succeed you. Always look for the best candidate to run your organisation when you retire and not hand over to your family. The best candidate will even make more money for the family since you will still have significant shares in your company. 24 Likes 4 Shares |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by flejnr2(f): 11:31am On Dec 28, 2018 |
WHEN a child ruins his fathers investment. IGBO KWENU 12 Likes 1 Share |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by TheAngry1: 11:32am On Dec 28, 2018 |
ok |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by buygala(m): 11:32am On Dec 28, 2018 |
OneCorner:Otu nne gi 13 Likes 1 Share |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by Uppalove(m): 11:32am On Dec 28, 2018 |
U |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by canalily(m): 11:32am On Dec 28, 2018 |
what is his new salary? 1 Like |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by ogaontop(m): 11:32am On Dec 28, 2018 |
What of that small boy MD that spoils everything in the bank ![]() 3 Likes |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by Johnson5258: 11:32am On Dec 28, 2018 |
God please help me to be successful in my career and also make me useful. 9 Likes 1 Share |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by layuns(m): 11:32am On Dec 28, 2018 |
Good |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by DaFlash: 11:33am On Dec 28, 2018 |
So when they are sinking and in trouble Thats when they will run in need of a western helping hand. Clowns ![]() 13 Likes 2 Shares |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by Innoxxacs: 11:33am On Dec 28, 2018 |
diamond bank fall hands honestly 1 Like |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by Peacemaker5128: 11:33am On Dec 28, 2018 |
It has been confirmed now that afonja bought diamond 7 Likes 1 Share |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by aguiyi2: 11:34am On Dec 28, 2018 |
Bank destroyed by the black Africans belief in Family succession for every thriving business not taking capability in to consideration.Mr new Chairman,i dont envy you. 2 Likes |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by sukerefakere(m): 11:36am On Dec 28, 2018 |
ogaontop:a big fat pay day awaits him 1 Like |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by Simbrixton(m): 11:37am On Dec 28, 2018 |
OneCorner:the md/ceo has the power not the chairman of the company |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by NotNairalandi(m): 11:37am On Dec 28, 2018 |
So what is their point ![]() 2 Likes |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by Ijaya123: 11:37am On Dec 28, 2018 |
For how long till the bank cease to exist. |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by Nobody: 11:38am On Dec 28, 2018 |
Any thing managed by the west are always substandard. Look at glo and forte oil. Compared to uba and dangote. |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by SocialJustice: 11:40am On Dec 28, 2018 |
sukerefakere:Thereafter he will go broke and live on loans until he dies. 3 Likes |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by Nelchuksmandela(m): 11:40am On Dec 28, 2018 |
... |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by ajayiopy: 11:41am On Dec 28, 2018 |
SO DIAMOND DON JOIN ETB LEAGUE |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by zanogo(m): 11:42am On Dec 28, 2018 |
beamtopola:lol inferiority complex!!! the bane of an average easterner. 14 Likes 1 Share |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by Venerable612(m): 11:42am On Dec 28, 2018 |
Johnson5258: Amen... and so shall it be by Gods grace. 3 Likes |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by Johnson5258: 11:43am On Dec 28, 2018 |
According to gossips, the father never wanted him to run the business but his mother insisted, he could have even been better as the chairman and not the MD/CEO. I have never been an advocate of such and i have more knowledge to buttress this kind of situation when it pops up. well done! TooNoisy: |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by Epique: 11:43am On Dec 28, 2018 |
Diamond |
Re: Diamond Bank Appoints Dele Babade Acting Chairman by Lordofthewest(m): 11:43am On Dec 28, 2018 |
zanogo: 4 Likes
|
Re: Diamond Bank Appoints Dele Babade Acting Chairman by Nobody: 11:45am On Dec 28, 2018 |
SocialJustice:Niger delta. The resource control people. |
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