InfraCredit, a ‘AAA’ rated infrastructure credit guarantee institution, backed by the Nigeria Sovereign Investment Authority, GuarantCo (a Private Infrastructure Development Group company), KfW Development Bank and Africa Finance Corporation, has appointed Solomon Adegbie-Quaynor as an independent non-executive director (INED) of the Company.
Adegbie-Quaynor has been named to the Board’s Credit & New Business and Risk & Capital Committees.
Solomon Adegbie-Quaynor has over 20 years development finance and investment banking experience at the largest global IFI (International Finance Corporation) and top international investment banks (Merrill Lynch, Bear Stearns). He is an Emerging Markets specialist who is sector agnostic, with significant infrastructure and financial services experience.
He operates as a strategic thinker with innovation and results orientation, and is now translating this into various Senior Advisor roles including: Investment Banking with Rothschild, development finance with IFU of Denmark, infrastructure PE investing with ARM Harith Infrastructure Fund, property development of diplomatic housing across Africa with Verdant Ventures of the US, and independent IC member for an SME-focused PE Fund (Synergy Capital). Adegbie-Quaynor received his BSc in Applied Physics from Atlanta University Center (US), an MSc in Electrical Engineering from Georgia Institute of Technology, and an MBA with concentration in finance (US) and strategy from JL Kellogg Graduate School of Management, Northwestern University (US).
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“I would like to warmly welcome Adegbie-Quaynor to the Board,” commented Uche Orji, Chairman, InfraCredit. “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”.
Chinua Azubike, InfraCredit’s Chief Executive Officer, said, “Adegbie-Quaynor joins InfraCredit at an exciting time and we look forward to benefiting from his insight and expertise as we work to deliver our strategic goal towards transformative growth.”
Solomon Adegbie-Quaynor commented, “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 member.”
