Board of Directors

“The board of the NSIA is made of a highly accomplished crop of experienced professionals and entrepreneurs with enviable track records straddling finance, banking, law and international business.”


Alhaji Mahey Rasheed, OFR / Chairman of the Board of Directors

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  • Alhaji Rasheed is a former Deputy Governor of the Central Bank of Nigeria (CBN). He has extensive experience in central banking having been a career staff at the CBN, rising to the rank of departmental Director. He was later appointed as a Deputy Governor in 1999 and retired in 2004. While at the CBN, he led the external Reserve Management operations of the Bank for more than a decade. Also, he has been at the forefront of the formulation and implementation of monetary and financial policies, risk management strategies, and corporate governance for more than two decades.
  • He was a former Chairman of the Nigerian Security Printing and Minting Company Plc. and a pioneer director of the National Insurance Supervisory Board now NAICOM (Insurance sector regulator).
  • He was the Chairman of the Clearing and Exchange subcommittee of the West African Clearing House (WACH) from May 1992 to May 1993, (the Committee handling all trade transactions in the West African Sub region). During his chairmanship, he was a key member of the Committee that worked assiduously to transform the body in May 1993, into the present West African Monetary Agency (WAMA) responsible for regional monetary integration in West Africa.
  • In 1999, he was appointed by the IMF to represent Africa with other eminent central bankers around the world (each member representing a continent) on the Fund’s Panel of Experts on Safeguards Assessment. The panel was to advise the IMF on fiduciary assessment for member countries.
  • In addition, he served on the board of a number of other public and private sector companies; and important national and international committees representing the Federal Government of Nigeria, Central Bank of Nigeria, and New Nigeria Development Company, a development finance institution, where he started his career.
  • Currently, he is the Chairman of Legacy Pension Managers Ltd (a pension fund management company) and a member of the Board of First Bank of Nigeria and Chairman of its Board Credit Committee.
  • Mr. Rasheed attended Ahmadu Bello University, Zaria and Harvard University, USA where he obtained a BSc. Economics and MPA Public Policy respectively, and is an Edward Mason Fellow of Harvard University.
  • He was conferred with the national honour of Officer of the Federal Republic (OFR) by the Federal Government of Nigeria in 2004.

 
 
 

Mr. Arnold Ekpe/ Chair, Risk Committee

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  • Mr. Ekpe has deep experience and a proven track record in banking, finance and investments in Africa.
  • He has served as Chief Executive of Ecobank and UBA, two of Africa’s leading financial institutions.
  • He had previously established and headed Citibank’s Structured and Corporate Finance business in Sub-Sahara-Africa, and was a partner at Capital Alliance, the leading private equity firm in West Africa.
  • During his career, Mr. Ekpe led several landmark initiatives and transactions, including leading Euromarket financings for leading South African banks, and assisting African companies and governments in accessing financing on the Euromarkets.
  • As a two-time and longest–serving CEO of Ecobank, he was responsible for the transformation of the group from a West African bank to the first truly pan-African banking group.
  • In between, he was responsible for turning around UBA in the early 2000s. He is acknowledged at being particularly effective at executing strategy.
  • Arnold holds a first class honours degree in Mechanical Engineering from Manchester University and an MBA from Manchester Business School.

Mr. Hassan Usman/ Board Member

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  • Mr. Usman is the Managing Director and Chief Executive Officer of ASO Savings and Loans Limited.
  • Prior to becoming CEO of ASO Savings and Loans, Hassan served as Executive Director (Investments) at Abuja Investment and Property Development Company Ltd., the Federal Capital Territory’s premier development agency.
  • He has also headed key units of the Bureau of Public Enterprises, including Petrochemicals and Gas, Transport Sector Reform and Telecommunications.
  • He worked with Citibank and the Financial Markets Division of Arthur Andersen S.C. London. He has served on the boards of major corporations, including NITEL.

 
 
 
 
 

Mrs. Ibukun Awosika/ Chair, Finance & General Purpose Committee and Compensation Committee

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  • Mrs. Awosika is currently the chairman of Intermarc Consulting Limited.
  • She is also the Founder and Chairman of The Chair Centre Ltd, a market leader in the office furniture and banking security industries. She worked with Akintola Williams & Co. before establishing Qubees Limited in 1989 and The Chair Centre in 1997. Ibukun independently established an ultra-modern furniture facility – Furniture Manufacturers’ Mart in Ikeja, Lagos in the latter part of 2006.
  • Recent additions to her entrepreneurial achievements are the expansion of The Chair Centre Ltd by opening outlets offices in Accra and Tinapa, Calabar.
  • She is the host of a telecast called Business – His Way, where she shares religious views on ethical business values and principles with business people and professionals in Nigeria and neighbouring countries.
  • Mrs. Awosika recently won the International Women Entrepreneurial Challenges Award, awarded by Manhattan Chambers of Commerce and the United States Government.

 
 
 

Mr. Jide Zeitlin/ Chair, Investment Committee

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  • Mr. Zeitlin is an investor with interests in Asia, the Middle East, and Africa.
  • He was a Partner at Goldman Sachs where he held a number of senior management positions in the investment banking division, including that of global chief operating officer. He also served in the firm’s executive office.
  • Mr. Zeitlin joined Goldman Sachs in 1987, became a Partner in 1996 and retired from the firm in December 2005.
  • Mr. Zeitlin is Chairman Emeritus of Amherst College and serves on the Board of Directors of Affiliated Managers Group, Inc. (controlling over $500 billion in assets under management) and Coach, Inc. (where he is lead independent director).
  • He has acted as a member of the boards of various prestigious organisations, including Milton Academy, the Harvard Business School Board of Dean’s Advisors, Teach for America, Doris Duke Charitable Foundation, Montefiore Medical Centre, Playwrights Horizons, Saint Ann’s School, and Common Ground Community.
  • Mr. Zeitlin holds an A.B. degree, magna cum laude, in Economics and English from Amherst College and an M.B.A. degree from Harvard University.
  • He was nominated by the Obama White House to represent the U.S.A. on financial reforms at the United Nations.

Mrs Olabisi Soyebo, SAN/ Chair, Audit Committee

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  • Mrs. Soyebo is a Partner in the law firm of Abdullahi Ibrahim & Co where she heads its Abuja office;
  • She was called to the Nigerian Bar in 1988 and has since been in active legal practice with Abdullahi Ibrahim & Co. She focuses on complex civil/criminal appellate litigation and advises on commercial transactions including conveyance, corporate finance, capital markets, banking, labour, employment, and oil and gas.
  • She was appointed a Notary Public in 1998 and was admitted to the Inner Bar as a Senior Advocate of Nigeria (SAN), in 2008.
  • She attended College of St. Elizabeth New Jersey, USA from where she obtained a B.A (Hons) in Sociology in 1985.
  • She subsequently proceeded to the University of Buckingham in England where she graduated with an LL.B (Hons) in Law in 1987.
  • Mrs. Soyebo is a Securities and Exchange Commission (SEC)-approved capital market consultant. She is also a member of the Chartered Institute of Arbitrators (UK).

 
 
 

Mr Uche Orji - Chief Executive Officer/ Managing Director

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  • Mr. Orji is the Managing Director/CEO of the Nigeria Sovereign Investment Authority. He brings a wealth of global experience in the financial services sector to his role as MD/CEO.
  • He joined NSIA as CEO in October 2012, from Switzerland’s largest bank, UBS Securities, where he was Managing Director in the New York branch of its Equities Division.
  • Prior to his UBS experience, Mr. Orji spent six years at JP Morgan in London, 2001-2006, rising from the position of Vice President to Managing Director within the Equities Division.
  • Prior to JP Morgan, he worked for Goldman Sachs Asset Management, London, 1998-2001, as an Analyst/Portfolio Manager.
  • His first banking financial industry experiences were at Diamond Bank Plc., Lagos and Arthur Andersen, Lagos.
  • Mr. Orji studied Chemical Engineering at the University of Port Harcourt, Nigeria, graduating in 1990. He also obtained an MBA from Harvard Business School in 1998.

 
 
 

Mrs. Stella Ojekwe-Onyejeli – Executive Director/ Chief Risk Officer

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  • Mrs. Ojekwe-Onyejeli joined NSIA following a distinguished tenure as Director and Head of Operational Risk & Control at Barclays covering Emerging Markets and Africa.
  • She served as Vice President and Head of Quality Assurance, Africa at Citibank with direct oversight of the enterprise risk and control environment in 14 countries across Africa.
  • She had a decade-long career at professional services firms Arthur Anderson and KPMG in Nigeria and South-Africa, providing financial advisory and business assurance services.
  • Mrs. Ojekwe-Onyejeli was a Federal Government of Nigeria Scholar, and Institute of Chartered Accountants of Nigeria Prize Winner. She is a qualified Chartered Financial and Tax Accountant, who holds a first degree in Chemistry from the University of Lagos.
  • She possesses an M.B.A from Cranfield School of Management in the UK.

 
 
 

Mr. Hanspeter Ackermann, CFA – Executive Director/ Chief Investment Officer

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  • Mr. Ackermann joined NSIA in August of 2013. He brings over 30 years of investment experience with him.
  • From 2010 to 2013 he was Assistant General Manager at Samba Capital in Riyadh, Kingdom of Saudi Arabia, where he performed as Chief Investment Officer and Head of Asset Management. He was responsible for managing an asset pool of approximately US$10 billion invested across multiple asset classes.
  • Prior to Samba Capital, he was co-founder and Principal of Monteverdi International Management LLC, in New York, USA.
  • Mr. Ackermann joined Deutsche Bank in 1996 until 2004 where he was President and Managing Director of Deutsche Bank Investment Management Inc. in New York. He served as CIO and senior portfolio manager for several closed-end mutual funds listed at the New York Stock Exchange.
  • From 1993 to 1996 Mr. Ackermann also served as President and Managing Partner of Eiger Asset Management, New York.
  • He was Managing Director and CIO, and as Senior Portfolio Manager built the institutional fund management business for Swiss Bank Corporation (UBS) in New York from 1983 to 1993.
  • Mr. Ackermann began his career with Banque de L’Indochine et Suez in Paris, France.
  • He holds a B.S. in Business Administration from the Handelsschule Kaufmaennischer Verein in Basel, Switzerland. He is a Chartered Financial Analyst (CFA).