Background
Malcom Gilroy has had an extensive career in global capital markets. He has held senior management positions on both the buy side and sell side of the debt and equity markets. He has also been retained as a consultant to many major corporations and in 2004 was retained by IFC (World Bank Group) to advise the Nigerian government on measures to be taken to rejuvenate the Nigerian bond market. Many of the suggestions provided mypharmacyexpert.com by IFC in this exercise were incorporated into the regulations that guided the establishment of the FGN Primary Dealer Market Maker trading initiative in 2006.
Mr. Gilroy was the Global Head of Sales & Trading for Dunn Loren Merrifield. Prior to this he was the Head of Wealth Management for Afrinvest West Africa. Previous experience in Nigeria includes being Managing Director of FDHL a consulting company in Lagos, (where clients included the Central Bank of Nigeria, the SEC and Debt Management Office); The Head of Global Wealth Management for UBA Capital in Lagos Nigeria. As such the UBA Stockbrokers; UBA Asset Management and UBA Insurance Brokerage subsidiaries reported to him, in addition to the Asset Management and Wealth Management businesses housed in London. Prior to this he was the Global Head of Sales & Trading & Deputy Managing Director for UBA Global Markets. Before coming to Nigeria, Mr. Gilroy was the President and CEO of Cambrian Capital Management Ltd. in Canada.
As an Investment Counsel he has managed global bond; equity; balanced; managed futures and option writing mandates for clients such as Shell Canada Pension; Colleges of Arts and Technology Pension Fund; Atlas Funds (sub of Merrill Lynch, Canada) and Croft Funds, in Toronto.
Malcolm moved to the buy side of the investment business in 1993, after a career of 20 years on the sell side where he served as the Senior Vice President and Treasurer of UBS Canada; Head of Fixed Income for First Boston Canada and Executive Director and Head of Investment Banking for First Chicago, Canada. He was instrumental in the formation of the interest rate and currency swap markets of Canada and has run both fixed income and foreign exchange departments for a number of international banks. Mr. Gilroy has served on many industry committees including the Canada Foreign Exchange Committee, at the invitation of the Bank of Canada; the Toronto CFA Society – Fixed Income Committee and the Toronto CFA Society – Wealth Management Committee.
Mr. Malcolm Gilroy
Independent Chairman (Acting)
Background
- 20 years corporate finance, structured finance, corporate banking, and asset management experience.
- Pioneer MD/CEO, UBA Global Markets
- Prior to this, he spent 4 years at the IFC in various roles as Co-Head of the Financial Markets Division focusing on Sub-Sahara Africa
- Worked in various Corporate and Structured Finance, Banking and Asset Management roles in HSBC, Royal Bank of Scotland (formerly, NatWest), Sumitomo Mitsui Bank, Bank of Montreal Nesbitt Burns in London.
Relevant Experience
- Involved in the origination, structuring and distribution of several of the most complex bond issues in Nigeria to date – CERPAC Securitisation, PRIMERO Securitisation, FMBN Securitisation, NMRC Issuance Programme, Mortgage Warehouse Asset Backed Commercial Paper Programme and many others
- Set up Nigeria Mortgage Refinance Co Plc, Development Bank of Nigeria Plc, Mortgage Warehouse Funding Limited working with and reporting to the Dr Ngozi Okonjo Iweala
- IFC’s lead in the development of the Nigerian domestic bond market (2004)
- Advised and served on the LagosHOMS committee chaired by Gov Babatunde Fashola
- Originated and structured Kebbi state, Ebonyi State, Nassarawa series I and Private Bonds
- Merger and Corporate Restructuring : AIICO Plc- Financial Adviser- Merger of Aiico Insurance Plc, Aiico General Insurance Plc and Aiico Asset Management by a Scheme of Arrangement- 2010
- Restructuring : Bayelsa State Government- Financial Adviser- Restructuring of the state’s N50 billion bond issuance- 2011
- Corporate Divestment : Bank PHB Plc- Financial Adviser- Divestiture of Legacy Insurance, PHB Capital & PHB Trustees from Bank PHB from Legacy Insurance Limited through a sale of its equity holding – 2011/12
- Part of the team responsible for setting up a US$20bn Fixed Income Structured Investment Vehicle (“SIV”), with a US$2bn Capital Note Program which launched in 1999. He was involved in the company’s set up, compiling aspects of its procedures manual, system evaluation and testing and subsequently responsible for analyzing, investing and trading in various ABS/MBS and other asset classes e.g. bank senior and subordinated debt and other corporate debt plus the on-going credit monitoring of the portfolio.
- He was part of the team that structured the first ever Japanese de-linked Balance Sheet Collaterised Loan Obligation securitisation – GBP1.4bn Aurora Funding. He was also responsible for managing the bank’s fixed income portfolio in Asset Backed Securities (‘ABS’) and Mortgage Backed Securities (‘MBS’) investments and other asset classes for it’s balance sheet.
Dr. Sonnie Babatunde Ayere Group Chief Executive Officer
Background
Michael is an ingenious and astute commercial lawyer with years of experience in capital markets, M&A and finance. He holds a Bachelors degree in Law (LLB) from the University of Lagos. Furthermore, he has a Masters degree in Commercial Law (with emphasis on Corporate Finance law, International Commercial Tax, International Intellectual Property Law and Corporate Governance) from the University of Cambridge.
He started his career as an investment banker and was involved in structuring several Nigerian and Cross-border commercial transactions, such as Financial Analysis and Valuation of Companies, Mergers & Acquisitions, Listing of Companies on the Nigerian Stock Exchange, Core Investor Sale, Privatization & Commercialization, Balance Sheet Restructuring, Corporate Restructuring, Issuance of Equity, Debt and Hybrid Instruments (Private Placements, Special Placings, Public Offers) and Foreign Direct Investments.
He is currently the Global Chairman of the Tokunbo Orimobi Legal Group – an international legal practice with 10 offices in 7 countries. Michael doubles as the Managing Partner of the Group’s Nigerian Practice - Tokunbo Orimobi LP. Michael, in the course of his legal career has been able to perfectly combine his legal background with his investment banking experience in proffering highest quality legal advisory services to clients.
Michael is ranked as a Leading Lawyer for Capital Markets Deals in Nigeria by the IFLR1000, emerged as Lawyer of The Year, Nigeria & Leading Adviser, Nigeria in the ACQ Global Awards and was awarded Marketing Law with Accolades Award in the 2016 DealMakers Country Awards. Under his tenure as Managing Partner of Tokunbo Orimobi LP, the law firm has won several awards such as Recommended Firm for Financial and Corporate Deals (2020) & Energy and Infrastructure Deals (2019) - IFLR1000; Capital Markets Law Firm of the Year, Nigeria – 2018 Corporate Int’l Magazine Global Awards; Structured Finance Law Firm of the Year, Nigeria – 2017 Lawyers World Country Awards; Corporate Finance Law Firm of the Year, Nigeria – 2016 Corporate Int’l Magazine Global Awards; Most Innovative Law Firm, Nigeria – 2016 Acquisition International Magazine Awards; Corporate Finance Law Firm of the Year, Nigeria – 2015 Deal Makers Country Awards; Regulatory Compliance Practice of the Year, Nigeria, Dispute Resolution Law Firm of the Year, Nigeria & Best Commercial Law Firm of the Year, Nigeria – 2015 Acquisition International M&A Awards etc.
Michael sits on the board of a couple of African businesses and entities. He is a global business leader and philanthropist.
He is a member of the Nigerian Bar Association and the International Bar Association.
Mr. Michael Orimobi Independent Non-Executive Director
Background
Olayimika, is a Non-executive Director at DLM Capital Group and a Partner at the leading law firm, Olaniwun Ajayi LP. She is the partner in charge of the Enterprise Practice Group and specializes in corporate and regulatory matters in energy, real estate, manufacturing, health, media, advertising, hospitality and labour .
She also has vast experience advising both local and international clients on group reorganisations, Mergers and Aquisitions, demegers, corporate finanace and corporate governance matters.
Mrs. Yimika Phillips Independent Non-Executive Director
Background
Ashim is a venture capital, tech, and angel investor. A global leader, experienced in scaling multinational organizations
successfully into African markets. Her multi-industry experience spans banking, infrastructure finance, big tech, and startups. Her expertise is married with a deep passion for equity, diversity & inclusion, and advocacy for underrepresented groups.
Based on her professional experiences: In 2009, she joined Africa, Corporate Real Estate Finance Partner, Standard Chartered Bank Nigeria where she was Accountable for cost center management, tracking, and reporting for the Banks’ real estate
portfolio projects across Africa. She later left for Senior Financial Manager & Controller, Nigeria, RMB Westport Development Fund (Rand Merchant Bank) in 2014 where she was Responsible for the deployment and financial control of a $250m investment real estate investment fund focused on the development of A-grade real estate assets in Africa.
In 2018, she left there and served as Global Programme Manager, at Tek Experts Nigeria (a YNV Company). In January 2019, she became Acting Country Manager Nigeria, Tek Experts Nigeria (a YNV Company) where she occupied for a year before being promoted to the position of Africa Head, Business Development, Tek Experts Nigeria (a YNV Company). In September 2020, she rose to the position of General Manager, Nigeria, elev8 (a YNV Company). She left and moved to the position of managing partner, with Octerra Capital in 2021 where she still currently holds the office.
Based on her professional affiliations: She is an Angel Investor & EXCO Member, of The Rising Tide Africa (RTA). She is also an Associate Member, of the Women in Business and Management (WIMBIZ). In 2017, she became an Associate Member, of the Nigerian Institute of Management.
Based on her Entrepreneurial Experiences: In 2010, she became the co-Founder & Trustee, of the Bake for Change Development FoundationBased on her entrepreneurial experiences, in 2014, she became the Co-Founder & Director, of Always Me by Anne Li
Mrs. Ashim Egunjobi Independent Non-Executive Director
Background
Kari Tukur stands at the forefront of one of the fastest-growing technology companies in Sub-Saharan Africa. As, the Vice President and Division Lead for Product & Innovation and Co-chair, Global customer solution center at Mastercard, she is responsible for shaping and executing the company’s product line strategy in East, West Africa & India Ocean Island markets.
Before joining Mastercard in August 2019, She successfully managed consumer, private, and retail banking activities across Africa and Europe for multinational banks like Banco Santander, Standard Bank, and Standard Chartered bank. She also led the cross-functional team responsible for the successful integration of the Retail business of one of the biggest bank mergers on the continent, Diamond /Access bank, where she was both Group head, Consumer banking, and the Chair of the Group product governance committee.
Kari has a Master’s degree, in International Marketing and strategy and an MBA from the University of Birmingham, and the First class in Business information systems and technology BSc from Sheffield Hallam University, England.
She is a member of the Global banking alliance for Women All-stars program and a member of the chartered institute of marketing, UK.
Kari is a mother of two and she enjoys fine dining, Jazz and soul music from the mid-30s To 60s, Yoga, and theme parks.
