Diamond Bank Plc says it has appointed Mr Dele Babade as the acting Chairman, following the resignation of Mr Oluseyi Bickersteth as Director/ Chairman of the board.
The bank, in a statement made available to the Nigerian Stock Exchange on Thursday, said the appointment was done by its board of directors and took effect from December 24, 2018.
The statement, which was signed by the Company Secretary/Legal Adviser, Diamond Bank, Uzoma Uja, explained that Babade was nominated by First Carlyle Growth V, while his appointment as a non-executive director had been approved by the Central Bank of Nigeria since April 2017.
According to the statement, Babade holds Bachelor and Master’s degrees in Law from the University of London and was called to both the Nigerian and English Bar.
It said Babade started his career with Midland Montagu London (the predecessor of HSBC Investment Bank) as a graduate trainee and at various times worked in the United Kingdom and Greece mainly in corporate and merchant banking.
The statement read in part, “Babade started his own investment advisory firm in 2007 but left briefly to join Ecobank Transnational Inc as the Head of Ecobank Capital from 2010 to 2012.
“He was also a member of the group executive committee of the Ecobank Group. He currently serves as chairman of the Africa Risk Capacity Pan African Insurance Company and is also the chairman of its Finance and Investment Committee.”