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Mr. Babatunde Fajemirokun

Non Executive Director

Mr. Babatunde Fajemirokun is a Chartered Insurer (ACII). He has MBA with concentration in Finance from Chicago Booth; University of Chicago, MSc Business Information Technology Systems with distinction from University of Strathclyde (Glasgow) and BA (Hons.) Business Economics (Glasgow)

He has Competencies in Business Unit & Corporate Level Strategy; Operations management;

Financial accounting & actuarial analysis; Corporate Finance; Risk management;

Enterprise technology & implementation; Business Restructuring/ Transformation.

Babatunde has almost two decades experience, with ten years in Senior Positions in management consulting, insurance & asset management. He serves as the Chief Operating Officer in AIICO Insurance Plc and is responsible for key shared service functions and strategic growth in subsidiary companies.

He joined AIICO Insurance Plc in May 2009 and has served in several roles and overseen principal and operational functions during this time. He has overseen significant turnaround of the insurance business during this time; improving the company s financial position, revamping its key property assets, diversifying the product mix to a true customer composite, driving the company s digital strategy, implementing the company s capital management strategy and corporate strategy.

Prior to AIICO Insurance Plc, he worked in Accenture and then Capgemini Consulting (UK). In both companies, he provided consulting/advisory services to financial services and government clients predominantly in mergers and acquisitions (post-merger integration) and then the UK government transformation programmes.

He is also a Director in Food Concepts Plc (chairs its Finance & General Purpose Board Committee), Xerox Corporation Nigeria (XHS), AIICO Multishield Limited and IT Horizons Ltd (Chairman of the Board). 

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