Nigerian insurer, Prestige Assurance Plc, has announced the appointment of Adedoyin Salami as the new Chairman of its Board of Directors, in a statement made available to newsmen in Lagos.
Salami is a Nigerian economist and currently full-time member of faculty at Lagos Business School (Pan-African University).
In November 2017, he completed a two-term (8 years) stint as a member of the Central Bank of Nigeria’s Monetary Policy Committee.
He was a member of the Federal Government of Nigeria’s Economic Management team during the tenure of late President Umaru Musa Yar’Adua. He also served as Vice-Chair (under the leadership of Alhaji Ahmed Joda) of the Transition Committee for President Muhammadu Buhari.
Salami is a member of International monetary Fund’s (IMF) Advisory Group for Sub-Saharan (AGSA), member of the Board of the Nigerian Economic Summit Group (NESG) and was Co-Chair of the Central Organizing Committee for the Nigerian Economic Summit in 2009. He is principal partner of Kainos Edge Consulting Ltd and Chairman of Prestige Assurance Plc.
He began his career with Adetutu & Co. Limited before joining the University of Lagos, Akoka, Lagos, Nigeria, as a Lecturer in the Department of Economics. A 1989 doctorate degree graduate in Economics of Queen Mary College, University of London, Adedoyin Salami’s research interests include issues in corporate long-term financial management; macroeconomic policy; corporate competitiveness and risk management; and characteristics of Small and Medium Enterprises (SMEs).
From lecturing at the University of Lagos, Salami has built a career in consulting, establishing the research firm Edward Kingston Associates in 1997, which he merged with Softskills in 2014 to form Kainos Edge. His other consulting activities include assignments for the Coca-Cola Nigeria and Equatorial Africa (CCNEAL), Department for International Development (DFID), World Bank, United Nations Industrial Development Organisation (UNIDO), United States Agency for International Development (USAID) and serving as Peer Reviewer for the International Finance Corporation’s (IFC) review of its Nigeria strategy. Salami has written extensively on the Nigerian economy. And he currently sits on the boards of the African Business Research Ltd., First World Communities, and Diamond Pension Fund Custodian.
Salami who is a professor at Lagos Business School brings to the Board of Prestige Assurance, over 25 year experience of solid financial management, economic expertise and business development.
Also appointed to the Board of the Company is Funmi Oyetunji, a Fellow of the Institute of Chartered Accountants of Nigeria.
Oyetunji has experience in the Banking sector where she rose to the position of General Manager (Treasury) as well as in Audit firms where she demonstrated her expertise in auditing. She sits on the Board of various blue chip companies.
Prestige Assurance Plc is a Nigerian general insurance company with offices nationwide.
