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Oyebanji Fehintola Joins CFA Board of Governors

CFA appoints Oyebanji Fehintola the first-ever Governor from Africa, and Mei Gao, CFA, from China



CFA Institute

CFA Institute, the global association of investment professionals, today announces its Board of Governors, effective Sept.1, 2022, the start of the new fiscal year at CFA Institute. This year, the Board of Governors welcomes two first-term Governors, Oyebanji Fehintola, CFA, the first-ever Governor from Africa, and Mei Gao, CFA, from China.

Mark Lazberger, CFA, has been reelected to the role as Chair of the Board of Governors, and Tricia Rothschild, CFA, has also been reelected to the role as Vice Chair of the Board of Governors.

“I am honored to continue as Chair of the Board of Governors of CFA Institute, working alongside my fellow Governors to advance the mission of this organization,” said Mark Lazberger, CFA, Chair of the Board. “We will continue to build a more inclusive organization that reflects the global footprint of our members. We are delighted to welcome our two new board members, Oyebanji Fehintola and Mei Gao, who bring unique perspectives from different parts of the world. Africa is the fastest-growing and youngest continent in the world in terms of population, and we believe that CFA Institute and its growing global membership can play an integral role in fostering more transparent, ethical, purpose-driven financial markets in this region.”

Margaret Franklin, CFA, President and CEO, CFA Institute, comments: “I approach each fiscal year with an acute sense of possibility for all that we can accomplish as an organization in the year ahead, and this year is no exception. Our organization will continue to expand its suite of educational offerings to support new workplace dynamics and professional development needs, evolve the flagship CFA Program to meet the current and future requirements of employers and candidates, and, of course, provide value and community for our membership and global society network – one of our greatest strengths.”

In terms of the new Board members, Fehintola is a Senior Director at the Africa Finance Corporation. He also holds roles on several boards, including the Infrastructure Credit Guarantee Company, Affinity Capital, the Platform for Educational Advancement Ltd/Gte, and the New Frontiers Learning Centre, of which he is also a Co-Founder. Fehintola was a founding board member of CFA Society Nigeria in 2013 and served as society president for four years, from 2017 to 2021.

Gao is a Partner and Portfolio Manager at IDG Capital. She also serves as a director on the boards of Cavamont Holdings, Ltd. and Generation Asia I Acquisition Ltd. Prior to her current role, she served as the President of Fore Research & Management. Gao is an active member of CFA Society Beijing.

Board of Governors Roster

The FY2023 CFA Institute Board of Governors comprises a diverse group of 14 members who reside in nine countries, namely: Australia, Canada, China, Germany, India, Malaysia, Nigeria, United Kingdom, and the United States. CFA Institute membership elects officers for a one-year term and Governors for a three-year term for fiscal years, which run from September 1 to August 31. The full list of Board of Governor members for the new FY2023 term is:

  • Mark Lazberger, CFA, (Australia), Chairman, Omnia Capital Partners
  • Tricia Rothschild, CFA, (United States), Fintech and Global Wealth Management Executive and Independent Director
  • Marshall Bailey, CFA, (United Kingdom) Non-Executive Chairman, MUFG Securities EMEA plc
  • Alexander Birkin, (United Kingdom), Managing Partner, EY
  • Dan Fasciano, CFA, (United States), Director, GW&K Investment Management
  • Oyebanji Fehintola, CFA, (Nigeria), Senior Director, Africa Finance Corporation
  • Margaret Franklin, CFA (Canada), President and CEO, CFA Institute
  • Mei Gao, CFA, (China/United States), Partner, Portfolio Manager, IDG Capital
  • Joanne Hill, PhD, (United States), Chief Advisor, Cboe Vest
  • Heinz Hockmann, PhD, (Germany), Member, Advisory Council, Lovell Minnick Partners LLC.
  • Punita Kumar-Sinha, PhD, CFA, (India/United States), Founder and Managing Partner, Pacific Paradigm Advisors LLC.
  • Yimei Li, CFA (China), CEO, China Asset Management Co. Ltd.
  • Geoffrey Ng, CFA, (Malaysia), Director, Fortress Capital Asset Management
  • Maria Wilton, CFA, (Australia), Director, Victorian Funds Management Corporation

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Former First Bank Chairman, Ibukun Awosika Joins Binance Advisory Board

A former chairman of First Bank of Nigeria, Ibukun Awosika has been appointed to the Binance Advisory Board



Ibukun Awosika

A former chairman of First Bank of Nigeria, Ibukun Awosika has been appointed to the Binance Advisory Board. 

Investors King learnt that one of the world’s leading cryptocurrency exchange companies, Binance, has appointed Ibukun Awosika on its advisory board. Binance is believed to be the world’s largest cryptocurrency exchange by trading volume. 

The former chairman of First Bank of Nigeria was selected among other eminent people which include Max Bacus Former U.S. Ambassador to the People’s Republic of China; Hyung-Rin Bang, advisor of the Korea Presidential Committee; Bruno Bézard, managing partner at Cathay Capital, former economic advisor to the French Prime Minister and ex-head of the French Treasury; Henrique de Campos Meirelles. 

The list also includes a former president of the Central Bank of Brazil; Leslie Maasdorp, the chief financial officer of the New Development Bank; Adalberto Palma, former senior advisor to the President of Mexico; Christin Schäfer, founder of ACS Plus; Ed Vaizey, a member of the UK House of Lords; David Wright, chair of Eurofi. 

The appointment of the advisory board will help the Binance exchange to break new boundaries in the face of crypto regulation challenges. 

It should be recalled that in June 2021, the Financial Conduct Authority (FCA) ordered Binance to halt all UK-regulated activity over worries about weak consumer protection. Similarly, in May 2021, Bloomberg News reported that Binance is being investigated by the United States Department of Justice and Internal Revenue Service for money laundering and tax evasion. 

The Central Bank of Nigeria has also banned cryptocurrency-related transactions in Nigeria. In a circular released in February 2021, the Central bank reaffirm a 2017 directive to financial institutions to block any account that transacts in cryptocurrency. 

However, despite the overwhelming opposition to cryptocurrency, millions of retail investors keep embracing it, especially in West Africa. 

In July 2022, the United Nations Conference on Trade and Development (UNCTAD) rated the West African country third among countries with the highest number of cryptocurrency holders in Africa. The report also stated that more than 13 million Nigerians are in possession of digital assets

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FBN Insurance Limited Appoints Tunde Mimiko as New Managing Director

FBN Insurance Limited has appointed Tunde Mimiko as its new Managing Director and Chief Executive Officer, following the retirement of Mr. Val Ojumah.




FBN Insurance Limited has appointed Tunde Mimiko as its new Managing Director and Chief Executive Officer, following the retirement of Mr. Val Ojumah.

According to the statement released by FBN Insurance Limited, Mr Val Ojumah will remain with the company until April 2023 in an advisory role to support a smooth transition. 

Val Ojumah had been the Managing Director since the inception of FBN Insurance. He has helped to grow the brand to become one of the most successful and celebrated businesses in Nigeria.

The Chairman of FBN Insurance, Dr Femi Oyetunji, extols the credentials of the newly appointed MD, Tunde Mimiko. 

“Tunde brings over two decades of versatile and trusted financial services experience to our business, with a track record of excellence and integrity.  We are confident of his ability to take FBN Insurance to greater heights.” He said. 

Before joining FBN Insurance, Tunde Mimiko was an Executive Director (Operations) at FBN General Insurance. As a seasoned insurance professional, he has over 23 years in life and general insurance traversing sales and marketing, strategy and business development, mission planning and technical development.

Tunde Mimiko holds an MBA in Financial Management, from Lagos State University, he is also a fellow of the Chartered Insurance Institute of Nigeria, a fellow of Insurance Institute of Canada and an Alumnus of Lagos Business School. 

The new MD of FBN Insurance is expected to bring his wealth of experience to the company. 

Meanwhile, the chairman of FBN Insurance also appreciated the outgoing MD for his rare and outstanding service. 

“We thank Val Ojumah for his rare leadership, service, dedication, and strong commitment to the success of FBN Insurance. Under Val’s leadership, FBN Insurance has experienced monumental growth and is today recognised as Nigeria’s leading insurance company.” He stated. 

Incorporated in 2010, FBN Insurance was awarded the best Life Insurance Company in 2014. The company acquired a 100 percent stake in Oasis Insurance Plc and overturn Oasis’s loss position within one year. The Oasis deal won FBN Insurance the M&A Atlas Award (Africa deal of the year). 

In 2017, FBN Insurance was awarded the fastest growing insurance and best Life Insurance Company in Nigeria. In 2018, FBN Insurance was rated A+ by a Credit Rating Agency, Agusto and Co, and awarded the Most Profitable Life Insurance Company in Nigeria. 

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Heritage Bank Plc Announced George-Taylor Akinola As New Acting Managing Director

Heritage Bank Plc has appointed Akinola George-Taylor as its new Managing Director in an acting capacity



heritage bank- Investors King

Following the approval of the Board of Directors and Central Bank of Nigeria, Heritage Bank Plc has appointed Akinola George-Taylor as its new Managing Director in an acting capacity.

Goerge-Taylor will take over from Dr Ifie Sekibo who has been with the bank for more than 10 years. As an experienced banker with more than 20 years working in the banking and financial services sector, Taylor is expected to oversee the bank operation in Nigeria and lead it to new heights. 

Taylor started his banking career in 1993 with GTBank where George-Taylor rose to the position of Executive Director in charge of Public Sector Group, Abuja and North Central. 

Whilst at the Bank, he has held various positions in different business sectors. He was also Managing Director of GTBank in Sierra Leone between 2005 and 2009.

The bank also announced the appointment of Osepiribo Ben-Willie and George Oko-Oboh as executive directors. 

While Ben-Willie is currently the Directorate Head South-South, South-East and Private Wealth Management Team in Heritage, Oko-Oboh currently heads the Abuja and North Directorate Business of Heritage Bank Plc. 

The bank further stated that the newly appointed Acting Managing Director and his team of Executive Directors commenced their respective tenors on Monday 12th September 2022. 

Heritage bank plc is one of the oldest commercial banks in Nigeria. It was founded in 2012. However, its root could be traced to the late 1970s with the defunct Societe Generale Bank of Nigeria. 

Amid the new minimum capital requirement of the Central Bank, Societe Generale Bank was closed down by the CBN in 2006. The bank however challenged the closure in court. 

In December 2012, the Central Bank re-issued Societe Generale’s banking license. Having acquired the banking license, the new ownership re-branded the bank as Heritage Banking Company Limited and opened for business under the new name on 4 March 2013.


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