Old Mutual Appoints Nigerian To Its Board

Adiba ighodaroOld Mutual, Johannesburg and London stock exchange-listed insurer, on Monday said it had appointed experienced investment manager, Adiba Ighodaro, to its board.

”Adiba’s deep knowledge of investing and operating in sub-Saharan Africa will widen the Board’s ability to evaluate opportunities as we pursue our strategy of expanding further into this region,” Old Mutual Chairman, Patrick O’ Sullivan, said.

“The composition of the Board has been structured so as to match and support the evolution and focus of the group’s strategy,” he continued.

Late last year, Julian Roberts, the Group CEO, said the company had made $467m available to fund its expansion into the African continent, evidence been its purchase of Ghana’s Provident Life Assurance and Nigeria’s Oceanic Life.

Ighodaro said she would contribute what she could in order to strengthen the company’s planned growth into the African continent.

Ighodaro graduated with a law degree from the Kings College in London before leaving for Nigeria where she was admitted to the Nigerian Bar.

She has worked for the Commonwealth Development Corporation (CDC) as an investment manager for many years.