Aiico Insurance has announced the appointment of Babatunde Fajemirokun as Executive Director of the company.
He was, until his recent appointment, according to a statement, the Chief Operating Officer (COO) of the company.
Fajemirokun is responsible for AIICO’s operations; the Group function that plans, coordinates and controls the resources needed to produce the company’s products and serve her clients.
He is equally responsible for helping AIICO and its business units to understand the competitive landscape and the markets they operate while developing and implementing sustainable plans for long-term growth and shareholder value creation.
His service with the firm dates back to May, 2009, when he joined as Chief Information Officer (CIO). During this period, he executed value-enhancing projects, first by leading the transformation programme to automate and modernise operations and secondly to increase productivity (reduce cost per policy) in the selling of insurance products and services.
Prior to AIICO, he worked in Accenture (Lagos) and then Capgemini Consulting (UK). In both companies, he provided consulting/advisory services to financial services and government clients predominantly in mergers and acquisitions and then UK government transformation programmes.
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