AIICO appoints executive director

FajemirokunTHE Board of AIICO Insurance Plc, a leading provider of Insurance solutions in a press release announced the appointment of Babatunde Fajemirokun as Executive Director of the company.

He was until his recent appointment, 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. H

e 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.

He has served in several roles and overseen principal and operational functions during this time, giving him a deep understanding of the levers to improve and sustain profitability. 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.

He earned an MBA with a concentration in Finance from University of Chicago Booth School of Business, a Business Information Strategy Master’s degree with distinction from University of Strathclyde and a Bachelor’s degree in Business Economics from Glasgow, UK.

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