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/?

wonderful

Tribalism

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.

WHEN a child ruins his fathers investment. IGBO KWENU

ok

OneCorner:
Tribalism

Otu nne gi

U

what is his new salary?

What of that small boy MD that spoils everything in the bank

God please help me to be successful in my career and also make me useful.

Good

So when they are sinking and in trouble
Thats when they will run in need of a western helping hand.
Clowns

It has been confirmed now that afonja bought diamond e-bow bank

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.

ogaontop:
What of that small boy MD that spoils everything in the bank

a big fat pay day awaits him

OneCorner:
Tribalism

the md/ceo has the power not the chairman of the company

So what is their point ...they mean Diamond bank has bought Access bank back or what ? Please can someone with A1 in blogging explain this for me

For how long till the bank cease to exist.

Any thing managed by the west are always substandard. Look at glo and forte oil. Compared to uba and dangote.

sukerefakere:
a big fat pay day awaits him

Thereafter he will go broke and live on loans until he dies.

...

SO DIAMOND DON JOIN ETB LEAGUE

beamtopola:
Any thing managed by the west are always substandard. Look at glo and forte oil. Compared to uba and dangote.

lol inferiority complex!!! the bane of an average easterner.

Johnson5258:
God please help me to be successful in my career and also make me useful.

Amen... and so shall it be by Gods grace.

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:
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.

Diamond

SocialJustice:
Which one your papa get? MU^2.

Niger delta.
The resource control people.