Custodian Investment Strengthens Board, Picks Falade as Director

By Aduragbemi Omiyale

An experienced investment banker, Mr Adeniyi Falade, will join the board of Custodian Investment Plc as a directive with effect from January 1, 2022.

Mr Falade, who studied Chemistry at the university for his first degree, is expected to use his wealth of experience of over three decades in the financial services sector to strengthen the board.

A statement signed by the company secretary, Mr Adeyinka Jafojo, disclosed that the appointment of Mr Falade was approved at the meeting of the board of directors of the company on October 27, 2021.

Before now, he was the Managing Director of Custodian and Allied Insurance Limited (CAIL), the general insurance business subsidiary of Custodian Investment and a non-executive director of Custodian and Allied Plc.

In 2007, he served as the Managing Director of Crusader Sterling Pensions Limited and has also served as the CEO of Lead Capital and Head of Investment Banking Group of Ecobank Nigeria. He is also a member of the board of directors of Custodian Life Assurance Limited, Custodian Trustees Limited and Interstate Securities Limited.

In the statement, the company expressed its deep appreciation to Mr Falade, who is a Chartered Accountant, for his contributions to the board and the organisation and his effective leadership during his last office.

The appointee boasts of a Masters degree in Business Administration from Warwick Business School and is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an Associate of the Institute of Chartered Stockbrokers (CIS).

Custodian Investment is an indigenous investment holding company listed on the Nigerian Exchange (NGX) Limited and has subsidiaries like CAIL, Custodian Life Assurance Limited (CLA), CrusaderSterling Pensions Limited, Custodian Trustees Limited and Crusader Properties Limited.

The Custodian Group in its over two decades of operation has achieved great success over the years due to its commitment to ideals such as outstanding service and dedication to customers, innovation and comprehensive systems, processes and operations integration.