UAC of Nigeria PLC, a leading conglomerate in Nigeria, announced the election of Mr. Khalifa Adebayo Biobaku as the Vice Chairman of the Board, effective from June 21, 2023.
Mr. Biobaku, currently serving as a Non-Executive Director on UAC’s Board, was appointed to the position on March 29, 2022. He brings a wealth of experience and expertise to the role, having worked in the finance and investment industry for over twenty years.
Prior to his appointment, Mr. Biobaku served as a director at Themis Capital Management, UAC’s core shareholder, and also founded and directed Dalio Property Development Company Limited, an active real estate investment firm with a significant shareholding in UAC.
Throughout his career, Mr. Biobaku has held key positions in renowned international financial institutions, including Goldman Sachs International, Morgan Stanley International, and Davidson Kempner Partners. He also co-managed Blakeney Management, a specialist emerging markets investment firm based in London, for almost a decade.
With his extensive experience in investment banking, fund management, and private equity across Europe, the Middle East, and Africa, Mr. Biobaku is well-equipped to contribute to UAC’s strategic development and execution. He possesses a strong track record in capital raising, corporate actions, commercial negotiations, and effective team building.
Mr. Biobaku holds a M.Eng in Engineering, Economics, and Management from Oxford University, further solidifying his expertise in the field.
The election of Mr. Biobaku as Vice Chairman of UAC’s Board signifies the company’s commitment to strengthening its leadership team and driving growth in the Nigerian business landscape. His appointment is expected to enhance UAC’s strategic decision-making, capital management, and corporate governance practices.
The Board and management of UAC of Nigeria PLC extend their congratulations to Mr. Khalifa Adebayo Biobaku on his election as Vice Chairman. They express confidence in his ability to make valuable contributions to the company’s continued success.
