ValuAlliance Asset Management, the fund supervisor of the ValuAlliance Value Fund, has introduced the appointment of Messrs Obinnia Abajue and Kofi Kwakwa into its Board as Directors.
This is in keeping with a disclosure despatched to the Nigerian Stock Exchange and seen by Nairametrics. In line with statutory necessities, the appointments are topic to affirmation from the Securities and Exchange Commission (SEC) and approval by the shareholders on the firm’s subsequent Annual General Meeting (AGM).
According to the discover, Mr Obinnia Abajue was appointed as Independent Non-Executive Director whereas Mr Kofi Kwakwa was appointed as Non-Executive Director. The profile of the aforementioned specialists is succinctly captured under;
Mr Obinnia Abajue
Mr. Abajue has over 20 years of expertise in banking and monetary companies. He is the present Chief Executive Officer (CEO) of Hygeia HMO Limited, a place he has held since November 2016. He is an alumnus of the University of Lagos and Imperial College London, the place he obtained a Bachelor’s diploma in Actuarial Science and an MBA respectively. Mr Abajue is a fellow of quite a few skilled our bodies like; The Chartered Institute of Management Accountants, UK; The Institute of Chartered Accountants of Nigeria; The Chartered Institute of Bankers of Nigeria and the Chartered Institute of Stockbrokers of Nigeria.
Mr. Kwakwa is a Ghanaian and a former CEO of Sagevest Holdings, an funding holding firm in Ghana. He has over 25 years of expertise in funding banking and consulting, having labored in high companies like Standard Bank, McKinsey & Company amongst others. He is presently a director at African Capital Alliance Limited (ACA), having joined the Board since 2015. Mr. Kwakwa is an alumnus of Swarthmore College and Harvard Business School, each within the USA, the place he obtained a B.A. in Mathematics/Economics and an MBA respectively.
What they’re saying
Commenting on the latest growth, part of the press launch reads: ‘’The Board of Directors congratulates Mr. Abajue and Mr. Kwakwa on their appointment and is trying ahead to tapping into their huge wealth of expertise to additional speed up the achievement of its imaginative and prescient, to be the premier funding administration fiduciary within the segments we serve.’’
What you must know
- ValuAlliance had earlier posted a Profit After Tax of N237.96 million in its final reported monetary statements-Q3, 2020. The PAT figures indicated a surge by over 1,000% YoY.
- ValuAlliance Value Fund previously often known as “SIM Capital Alliance Value Fund”, is a closed-end collective funding scheme, registered and controlled by the Securities and Exchange Commission, whose models are listed on the primary board of the Nigerian Stock Exchange (“NSE”).