In a notice sent to the Nigerian Stock Exchange (NSE) today, Diamond Bank Plc has announced the appointment of Dele Babade as its Acting Chairman, effective December 24, 2018.
He replaces Oluseyi Bickerseth who resigned alongside three other board members in October.
Babade joined the bank’s board in April 2017 and represents the Carlyle group.
Dele Babade’s profile
Mr. Babade holds Bachelors and Master’s degrees in Laws from the University of London and was called to both the Nigerian and English Bar.
He started his career with Midland Montagu London (the predecessor of HSBC Investment Bank) on the Graduate Training Programme in 1988 and at various times worked in the UK and Greece mainly in Corporate and Merchant Banking.
He joined Citibank in 1993 and became Vice President in charge of all cross-border/international deals for Africa in 1996.
In 1998, he joined Nomura International in London as a Director for Investment Banking for Africa.
After re-joining Citibank in 2000, he was moved to Nigeria and Ivory Coast in 2001 as Executive Director covering Nigeria and West
Africa and was a board member of Citibank Nigeria from 2001 to 2006.
He also served as Citibank’s Director & Regional Head Sub-Sahara Africa Corporate Finance & Investment Banking based in South Africa from 2002 to 2006.
He started his own investment advisory firm in 2007 but left briefly to join Ecobank Transnational Inc as Head of Ecobank Capital from 2010 to 2012. During this period, he was also a member of the Group Executive Committee, the top executive body for overall
direction of the Ecobank Group.
Since 2012, he has been running his firm focusing on inward cross-border transactions across the African continent.