Infrastructure Credit Guarantee Company (InfraCredit) has appointed Solomon Adegbie-Quaynor as an independent non-executive director of the company. The appointment was announced in a statement released by the company.
While commenting on the appointment, the Chairman of InfraCredit, Uche Orji said, “I would like to warmly welcome Mr Adegbie-Quaynor to the Board. Solomon has an exceptional wealth of experience in infrastructure and development finance that will benefit the Company and drive meaningful value for all shareholders as we continue our journey to grow whilst strengthening our commitment to good corporate governance.”
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Adegbie-Quaynor, while also speaking on his appointment said he was honoured to join the company and contribute meaningfully to the organization.
“I am honoured to join InfraCredit’s Board and collaborate with other Board members and executive management team to contribute to the company’s mission and drive future growth. I look forward to bringing my expertise and experience to InfraCredit as a new Board.”
Adegbie-Quaynor’s profile: Adegbie-Quaynor has over 20 years of development finance and investment banking experience at the International Finance Corporation and top international investment banks like Merrill Lynch and Bear Stearns.
Adegbie-Quaynor holds a BSc in Applied Physics from Atlanta University Center (US), and an MSc in Electrical Engineering from Georgia Institute of Technology. He also has an MBA with concentration in finance (US) and strategy from JL Kellogg Graduate School of Management, Northwestern University (US).
He is an emerging markets specialist with significant infrastructure and financial services experience.
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About InfraCredit: InfraCredit was established by NSIA in collaboration with Guaranty Co, a member of the private infrastructure development group. Its aim is to provide local currency guarantees to improve the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria that conform with its eligibility criteria. The company maintains an ‘AAA’ long-term national scale credit rating from Agusto & Co and GCR.
