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Press Release - Standard Alliance GMD, Bode Akinboye, bows out

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31st August, 2009


Standard Alliance GMD, Bode Akinboye, bows out

The Group Managing Director of Standard Alliance Group, Mr. Bode Akinboye, has served a notice to disengage from the company effective November 30, 2009.

This was contained in a release signed by the Group’s Head of Corporate Communications, Mr. Nelson Egboboh and made available to us yesterday.

Mr. Egboboh who said Mr. Akinboye gave this notice on August 26, 2009 quoted his boss as explaining that “I have served the Group for close to thirteen years now. I have contributed my very best to grow Standard Alliance Insurance from a small company to one of the successful and fastest growing one-stop financial services Group it has become today.  After these long years of service, I believe it was time for me to move on to some private ventures and allow fresh ideas into the Group’s business.”

According to the release, Mr. Akinboye who is a recipient of many honorary awards said he was happy being part of the Group all these years, stating further that “it has been a good experience and I must confess that I consider it a rare privilege to work under a notable and turn-around expert as my boss, Olorogun O’tega Emerhor, OON”

In his words, “I enjoyed all the free-hand and co-operation I needed to deliver from my boss and the Managing Directors of the six member-companies comprising the Group, not forgetting the total supports from the entire staff.”

Meanwhile, the Group’s spokesman quoted an internal memo sent out to all staff as stating in part that “the Group Managing Director has served the Group for close to thirteen years and has contributed immensely to its enviable position today,” informing that “the Group Executive Management will soon announce plans to celebrate him on his meritorious service.”

Mr. Bode Akinboye who is a member of the Governing Council and Honourable Treasurer of Nigeria Insurers Association joined Standard Alliance Insurance Plc from Industrial and General Insurance Company (IGI) in 1997 as Financial Controller. He was later promoted AGM/Group Head, Financial Institutions, Oil and Energy.

Thereafter, he was given the challenge to set up the Group’s Life subsidiary, consequently becoming the founding General Manager/Chief Executive Officer, Standard Life Assurance Company. He successfully positioned the company as an innovative Life and Pension outfit before he was appointed by promotion as the Deputy Managing Director/Chief Operating Officer of Standard Alliance Insurance. He was later confirmed as its Managing Director in 2003.

In April 2007, after successfully leading the company to set up the current six companies that make up the Group, he was appointed to his current office where he has been saddled with the responsibilities of overseeing the entire business of the Group.

A graduate of Accountancy and an alumnus of the prestigious Lagos Business School, Akinboye is a Fellow of Institute of Chartered Accountants of Nigeria (FCA), an Associate Member of the Chartered Insurance Institute of Nigeria, (ACIIN); Member, Nigerian Institute of Management (MNIM) and Institute of Directors (M.Inst.D) respectively.

Nelson Egboboh
Head, Group Corporate Communications

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