Thursday, March 01, 2018/ 03.05 PM / Proshare Research
Kingsley Chiedu Moghalu is a political economist, lawyer and former United Nations Official. He served as a Deputy Governor, Financial System Stability, of the Central Bank of Nigeria (CBN) from 2009 to 2014. He was appointed by the then President of Nigeria, Umaru Yar'Adua in 2009. His expertise in risk management led to an invitation and appointment at the CBN as risk management skill and knowledge was much in demand after the global financial crisis of 2008.
He is also a Professor of Practice in International Business and Public Policy at the prestigious Fletcher School of Law and Diplomacy at Tufts University, a premier US university in Boston, Massachusetts.
Premier American universities only confer the title of "professor of practice" on selected, highly accomplished individuals who combine intellectual achievements with high-level real world experience beyond the ivory tower.
Professor Kingsley Bosah Chiedu Ayodele Moghalu was born in Lagos on May 7, 1963. He is the first of five children. His father, Shortly after his birth, his father was posted to Geneva, Switzerland. The Moghalu family spent a year in Switzerland and then moved to Washington, DC in 1964 when Isaac Moghalu was posted to the Nigerian Embassy there. In 1967, the family returned to Nigeria.
After his secondary education at Eziama High School, Aba, Government College, Umuahia, and Federal Government College, Enugu, Kingsley Moghalu obtained a degree in law at the University of Nigeria, Nsukka and was admitted to the Nigerian Bar in 1987.
Nation Youth Service under the National Youth Service Corps as a Legal Officer at Shell Petroleum Development Company (SPDC) Ltd in Lagos followed. So did a subsequent three-year stint that combined law and journalism as General Counsel of Newswatch, the leading newsmagazine in Nigeria at the time, a prolific contributor to the opinion pages of The Guardian newspaper, and a special correspondent in Nigeria for several US and European newspapers including Africa News Service (forerunner of AllAfrica Global Media), South, and the Christian Science Monitor.
Kingsley Moghalu left Nigeria again in 1991 for his post-graduate education at The Fletcher School of Law and Diplomacy, turning down an offer from a friend to remain in Nigeria and become the company secretary of a new generation bank that was being set up in Lagos. His sights were set squarely on a loftier dream, one that called for delayed gratification. That goal was a career in the United Nations. Moghalu was awarded the Joan Gillespie Fellowship at The Fletcher School. He obtained a master's degree in international relations from there in 1992.
Kingsley Moghalu was appointed into the United Nations (UN) Secretariat in 1992 by then Secretary-General Boutros-Boutros Ghali on the basis of individual merit. In the UN, Moghalu worked hard and rose through the ranks from entry level Associate Officer to the highest career rank of Director. Along the way, he handled legal, strategic planning and executive management assignments at UN Headquarters in New York and in Cambodia, Croatia, Tanzania, and Switzerland.
In 2006, UN Secretary-General Kofi Annan appointed Moghalu as one of five members of the high-level Redesign Panel on the UN Internal Justice System that overhauled the regulatory compliance, accountability, and dispute resolution framework that governs the global workforce of the UN. This was a core aspect of UN management reform. This six-month special assignment was at the nominal level of Under-Secretary-General, the highest political rank in the UN below the Secretary-General.
Kingsley Moghalu had deferred his plan to study for a Ph.D. when he was appointed into the UN after his master's degree in 1992. A decade later, he returned to his quest for knowledge. By now a senior officer in the UN system in Geneva, he enrolled and studied part-time and obtained a Doctor of Philosophy degree in international relations at the London School of Economics (LSE) in 2005. Kingsley Moghalu completed his 450-page doctoral dissertation in a record-breaking 12 months and his overall degree in 18 months.
Immediately after this, he studied for and obtained the International Certificate in Risk Management at the UK Institute of Risk Management in London. Later, he received further education in macroeconomics, financial policy, and corporate governance at Harvard University's John F. Kennedy School of Government, Harvard Business School, and the International Monetary Fund (IMF) Institute.
In the course of his UN system career, Kingsley Moghalu helped design a comprehensive risk management system for the $20 billion Global Fund in Geneva, an international development finance fund established under UN auspices. There, he was also the Head of Global Partnerships and Resource Mobilization and a member of the Risk Committee.
As his passion for risk management grew, Kingsley Moghalu’s interests shifted to the private sector. He resigned his permanent appointment in the UN in January 2009 and established Sogato Strategies in Geneva with the minimum capital of 100,000 Swiss francs required to set up a Societe Anonyme (limited liability) corporation in Switzerland. The risk advisory firm soon won profitable mandates from global corporations such as the Swiss bank UBS and Syngenta, the Swiss agrochemicals multinational.
Kingsley Moghalu is a much sought after public speaker at global forums, and is a frequent commentator on global media such as CNN, BBC World TV, Bloomberg, and the London Financial Times.
Professor Moghalu is married to Mrs. Maryanne Moghalu, a lawyer and social entrepreneur and they have four children.