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CHAIRMAN
APPOINTED NOVEMBER 2015
Mr. Daniel Owor Agbor is the Managing Partner of the law firm of Udo Udoma and Belo-Osagie with responsibility for managing the law firm, and with continuing responsibility for leading the firm’s mergers and acquisitions and private equity practices. He brings to the Board a wealth of experience from his distinguished careers in banking and legal practice.
He holds a B.Sc. degree in Political Science and an M.PA (Masters in Public Administration), both from the University of Calabar. He also holds a Bachelor of Laws (LL.B) degree of the University of Benin and was called to the Bar in 1986 after passing the Bar Examinations of the Nigerian Law School. He is a member of both the Nigerian Bar Association and the International Bar Association. Prior to joining Udo Udoma and Belo-Osagie in 1990, he held various positions in Nigeria International Bank Limited (now Citibank Nigeria Limited), where he worked in the Corporate Finance Unit and in Gulf Bank of Nigeria Limited, where he was Company Secretary/Legal Adviser.
He is on the Board of Directors of several companies including being the Non-Executive Chairman of FSDH Securities Limited, a Non-Executive Director of FSDH Merchant Bank Limited, Pensions Alliance Limited and Swift Network Services Limited respectively, and an alternate director of Nigerite Limited.
GROUP MANAGING DIRECTOR
APPOINTED APRIL 2019
Fola is a finance professional with experience spanning corporate finance, principal investing and private equity. Over the course of his career he has lived and worked in Sub-Saharan Africa’s most important economies gaining experience of the operating landscape in the region.
Fola is the founder of Themis Capital Management, an investment firm focused on concentrating capital and talent on high-potential opportunities in Sub-Saharan Africa.
Prior to founding Themis, he worked with Kohlberg Kravis Roberts, a leading global investment firm with $168 billion in assets under management. His experience also includes working with the Standard Bank Group, where he led mergers and acquisitions in Nigeria.
Fola spent the early part of his career with Ocean and Oil Holdings Limited, a principal investment firm in Nigeria and ARM Investment Managers, one of Nigeria’s leading investment advisory and wealth management firms.
Mr. Aiyesimoju also sits on the Boards of Chemical and Allied Products(CAP) PLC,MDS Logistics Limited, Grand Cereals Limited, UAC Foods Limited and UPDC Plc.
He holds a B.Sc (Hons) degree in Estate Management from the University of Lagos, where he was awarded a Certificate of Excellence in Real estate development and finance, and earned the right to use the CFA designation in 2006.
Chief Operating Officer
Vitus is a seasoned business manager and human resource professional with experience gained in leading multinational corporations.
He joined UAC in 2018 as the Group Human Resources Director and was appointed Chief Operating Officer in 2021 with additional responsibility for Operations, Corporate Communications, Information Technology as well as Human resources.
Vitus worked as Group Human Resources Director for Promasidor Africa; Human Resources Director, Coca-Cola Nigeria & Equatorial Africa with responsibility for 10 countries and Human Resources Director for British American Tobacco, West & Central Africa covering Ghana, Benin, Niger & Togo. He was until recently the Group Human Resource Director for Tropical General Investments (TGI) Group.
He is a member of the Advisory Board of Afterschool Graduate Development Centre, member of the Institute of Directors and a Fellow of the Chartered Institute of Personnel and Development (CIPD) UK. He is a co-founder and Director of HR Network Africa and was until 2014, a member of the Lagos Business School’s Advisory Board.
He holds a Bachelor’s degree in Sociology/Anthropology from the University of Nigeria Nsukka, MBA in Management from Lagos Business School, a Masters in Applied Business Research and a Doctorate in Business Administration, both from Swiss Business School, Zurich, Switzerland.
Group Finance Director
Appointed July 28 2021
Funke is a high-achieving, results-driven, finance professional. She has over 14 years operational finance, corporate finance and capital markets experience. With a focus on connecting Africa to the world and the world to Africa, she has also advised local and international companies on raising equity capital, mergers & acquisitions, restructurings, and divestments in Nigeria, South Africa and the United Kingdom.
She was appointed as Group Finance Director at UAC with effect from 28 July 2021. Prior to this appointment, Funke was UAC’s Group Chief Financial Officer, with overall responsibility for the company’s finance function. Her previous roles with UAC include serving as Head of Investor Relations, responsible for strategic stakeholder management and aligning UAC’s capital market activities to its strategic priorities.
Funke began her career in investment banking at Goldman Sachs in London. Her experience also includes working with the Standard Bank Group, where she completed over 25 transactions in 10 years. In Nigeria (Stanbic IBTC Capital), she led the equity capital markets division, executed M&A deals as a Senior Vice President, and originated cross-border M&A as a Corporate Finance Manager in South Africa.
Funke holds a B.Sc. degree in Economics and an M.Sc. degree in Project & Enterprise Management, both from University College London (UCL). She is a CFA charter holder and a member of the advisory board of Sponsors for Educational Opportunity Africa (SEO Africa), a non-profit leadership organization.
NON-EXECUTIVE DIRECTOR
APPOINTED AUGUST 2019
Mrs. Iroche , has several years of broad based experience in Merchant and Commercial Banking spanning the areas of Corporate and Institutional Banking, Marketing, Correspondent and International Banking, Treasury and Regional expansion.
She handled back and front office roles at International Merchant Bank after which she moved to Chartered Bank as a pioneer member of staff to set up the Treasury Division and subsequently moved to the Credit and Marketing Sector. She later joined United Bank for Africa (UBA) where she rose to the position of Executive Director Wealth Management and was responsible for Treasury and Correspondent Banking/Multilateral Agency business and UBA subsidiaries (Asset Management, Trustees and Pension Custody).
She graduated with a B.Sc. (Hons) Degree in Economics from The University of Lagos and a Master of Management from the Kellogg Graduate School of Management, Northwestern University Illinois USA.
She joined the Board of UAC of Nigeria PLC as an Independent Non-Executive Director with effect from 1st August, 2019.
NON-EXECUTIVE DIRECTOR
APPOINTED DECEMBER 2018
Mr Odunsi, a financier, has over 25 years of international investment experience in a variety of industry sectors, including manufacturing, security, oil and gas and distribution. He has significant board level experience in Europe and the US, with focus on implementing transformational change encompassing systems and controls, team enhancement, financial and regulatory reporting and business analysis to drive value creation.
He was a co-founder of Stirling Square Capital Partners, a leading mid-market European private equity firm and a partner in Compass Partners and BC Partners. Before joining BC Partners, he worked as a member of the M&A team at Enskilda Securities in London. His prior experiences include stints at Touche Ross & Co and the engineering consultancy firm of Mott, Hay & Anderson.
NON-EXECUTIVE DIRECTOR
APPOINTED JANUARY 2020
Karl is the Vice President, West and Central Africa for the MTN Group, with responsibility for operations in the West and Central African region.
Karl’s prior role in executive leadership include serving as Group Operations Executive for MTN Group, Chief Executive Officer for MTN Cameroon; Chief Technical Officer (“CTO”) for MTN Nigeria (Where he won the Best CTO Award in 2009); Chief Operations/Regions Officer for Vmobile Nigeria; and Support Manager, West African region for L.M. Ericsson Nigeria Ltd.
His past experience in non-executive capacity on boards of directors include serving as Chairman, MTN/Areeba Guinea, Non-Executive Director, Jumia Africa; Non-Executive Director, American Towers Uganda, Non-Executive Director, MTN Subsidiaries in Francophone West Africa.
NON-EXECUTIVE DIRECTOR
APPOINTED MARCH 2013
Mr. Kasali graduated with B.Sc. (Hons) Economics Degree from Manchester Metropolitan University, United Kingdom. He is a Fellow of the Institute of Chartered Accountants of Nigeria. His work experience include Audit Senior, Ernst & Young (Chartered Accountants) United Kingdom, Assistant Internal Auditor, Amex Bank PLC, United Kingdom, Principal Manager, Ernst & Young (Chartered Accountants) Nigeria.
He was also Chief Inspector, Regional Director, Divisional Director and Regional Bank Head, Consumer and Commercial Banking Group, United Bank for Africa PLC respectively. He is a Non-Executive Director of Wema Bank PLC. He was a Non-Executive Director of UACN Property Development Company PLC from where he was appointed to the UAC Board in March 2013.
NON-EXECUTIVE DIRECTOR
Mr. Biobaku is a seasoned finance and investment professional with two (2) decades of experience spanning investment banking, fund management and private equity across Europe, the Middle East and Africa. He has extensive experience in strategy development and execution, capital raising, corporate actions and restructurings, commercial negotiations and effective team building.
Mr. Biobaku is currently a director of Themis Capital Management, and the Founder and Director of: (i) Dalio Property Development Company Limited, an active real estate investment company in Nigeria with a 5.29% shareholding in UAC, and (ii) newAGE-Northstar 1, a UK LLP which actively invests in Africa’s digital economy with investments in Flutterwave Inc and Alerzo Pte Limited. He is a Co-Founder and Director of GPMT Nationwide, an active real estate investment company.
For almost 10 years, Mr. Biobaku was a Co-Managing Partner of Blakeney Management, London, a specialist emerging markets investment firm with over $2bn of assets under management. Prior to Blakeney, he worked at Davidson Kempner Partners, London; Morgan Stanley International, London and Goldman Sachs International, London.
Mr. Biobaku graduated with a M.Eng and MA (Hons) degree in Engineering, Economics and Management from Keble College, Oxford University and has a Post-Graduate degree in Real Estate Economics and Finance from the London School of Economics.
Investment Advisor
Peter is a seasoned investment professional with experience across finance, private equity, and management consultancy. He is a German citizen and has worked in Africa for over 20 years across different industries in South Africa and Nigeria.
He was the founding Co-Managing Director of Tana Africa Capital, the Africa investment partnership between the Oppenheimer family and Temasek. At Tana Africa, Peter led the investment in Promasidor and worked with the Rose family to grow the company into a pan-African business that was exited at a US$1.8 billion valuation. Peter also led projects across the African continent as an engagement manager at McKinsey & Co.
Peter is a co-founder of Themis Capital Management, an investment firm focused on concentrating capital and talent on high-potential opportunities in Sub-Saharan Africa. He is also a co-founder of the African Leadership Academy in Johannesburg and US-based Terra Education, an educational travel company.
Peter holds degrees in Engineering, Economics and Law.
Group General Counsel / Company Secretary
Ayomipo is a legal practitioner with over fourteen (14) years’ experience spanning legal, company secretarial, compliance and corporate governance. She is thorough and versatile and has an uncommon drive for results, completion, and excellence.
In addition to being the Company Secretary/Group General Counsel of UAC of Nigeria PLC, Ayomipo is also the Company Secretary/General Counsel of Chemical and Allied Products Plc (“CAP Plc”), a position she has held since September 2019. In that capacity, she has, and continues to advise CAP Plc in (i) minimising (or where possible, eliminating) legal risks, (ii) complying with best governance standards and practices, (iii) ensuring full legal and regulatory compliance with all relevant laws, amongst others.
In addition to her role in CAP Plc, Ayomipo concurrently served as the Company Secretary/Legal Adviser of Portland Paints and Products Nigeria Plc from September 2019 until June 2020.
Ayomipo was the Assistant Group General Counsel of United Capital Plc from June 2015 to August 2019 and had her formative legal years in the prestigious firm of Banwo & Ighodalo where she spent over seven (7) years gathering extensive and invaluable knowledge and experience in the legal aspects of corporate finance, mergers and acquisitions, corporate restructurings, corporate governance and company secretarial practice.
Ayomipo holds a Bachelor of Laws (LLB) from the Lagos State University Ojo, Lagos, was called to the Nigerian bar in 2008 and obtained a Master of Laws (LLM) (with distinction) from Queen Mary, University of London in 2011. Ayomipo is a Member of the Institute of Chartered Secretaries and Administrators (UK) and the Nigerian Bar Association.
