Prestige Assurance appoints Oyetunji as chairman, announces other new directors

One of the leading insurance companies in Nigeria, Prestige Assurance Plc, has announced the appointment of new board of directors, who will steer the affairs of the company from November 1, 2022.

According to a statement issued by the Company Secretary, Mrs. Chidinma Ibe-Louis, in the newly-constituted board which comprises of top echelons in the corporate world, Mrs. Funmi Oyetunji will serve as Chairman, Mr. Rajesh Kamble as Managing Director/CEO, Mr. Chandra Prasad, Independent Non-Executive Director, Dr. Nosike Agokei, Non-Executive Director, Mrs. Aderonke Adedeji, Non-Executive Director, Mr. Vivek Kalla, Executive Director and Mrs. Rekha Gopalkrishnan, an Non-Executive Director.

With about 40 years of corporate experience gathered across several roles, Oyetunji is an accomplished professional in diverse disciplines and industries. He holds a Bachelor of Science degree in Accountancy with professional qualifications in FCCA and FCA, and has worked in senior positions in major accountancy practice firms in both Nigeria and UK before a stint in the banking industry. She is the Managing Director, Abitos Financial Services Limited, since 2002.

Prior to her appointment as Chairman, she has served on the board of various companies as Non-Executive Director, including Ecobank Nigeria Limited and NOVA Merchant Bank Limited. She is a member of the governing council of the Institute of Directors and chairs the Risk and Audit Committee of the Institute. During her career, she has attended some of the governance and finance programmes at the Harvard business school, IMD and INSEAD.

Kamble – the newly appointed Managing Director/CEO is an enriched insurance professional with 32 years of experience having worked in various capacities as Risk Engineer, Branch Manager, Divisional Manager, Senior Divisional Manager and Regional Manager. His services in The New India Assurance Company Limited cut across technical, administrative and marketing functions. He joined Prestige Assurance as Managing Director/CEO from October 2021.

Prasad, an Independent Non-Executive Director is an accomplished Insurer and administrator equipped with track record in diverse areas of the company functions with almost 36 years’ experience. His career encompasses the non-life insurance sector, and he has held several key positions in Marketing, Operations, Technical, Reinsurance and Customer Service, as well as Personnel and Training. He was appointed a Non-Executive Director of Prestige Assurance, on 17th September 2021.

Also, Agokei – the newly-appointed Non-Executive Director is a seasoned Corporate Manager, Boardroom Expert, Legal Practitioner, Banker, Economist, Corporate Governance Expert, Chartered Secretary, Arbitrator, a Chartered Accountant, a certified Anti-Corruption Compliance Practitioner and an International Finance Corporation (IFC) certified Board and Governance Evaluator.

Adedeji, a Non-Executive Director is an accomplished professional with commercial and entrepreneurial acumen acquired over 34 years of well-rounded experience in Banking and Pensions. She is a goal oriented with proven track record in launching start-ups, building organisations, and achieving corporate growth objectives with focus on creating value for all stakeholders.

Kalla, an Executive Director of the newly-constituted board joined New India Assurance Co. Ltd, Mumbai in 2002. He has experience of more than 20 years in the Insurance Industry, having worked in various capacities in New India Assurance Co. Ltd, He has vast experience in Marketing, Administrative & Technical aspects in the global Insurance Industry. He joined Prestige Assurance as Executive Director from July 2022.

Gopalkrishnan, a Non-Executive Director, has distinguished herself during her tenure in the company where she worked in various Divisional and Regional offices in Mumbai and also in Surat for three and half years. Well experienced in handling almost all areas of Company’s functions relating to technical and administration, she has been in charge of Reinsurance since 2010 with extensive International business exposures.