SIFAX Group appoints new Group MD

Jan 31, 2019: SIFAX Group, a multinational corporation with diverse interests in maritime, aviation, haulage & logistics, oil & gas and hospitality, has appointed a new Group Managing Director, Adekunle AbdulRazaq Oyinloye.

He is the immediate past managing director/chief executive officer of The Infrastructure Bank. Oyinloye, a graduate of Economics from the Ahmadu Bello University, Zaria, also possesses post-graduate degrees – M.Sc. Economics (University of Lagos), M.Sc. Banking and Finance (University of Ibadan) as well as the Strategic Management Certificate from the Columbia Business School, Columbia University, New York. He has, in the last 18 years, held senior management positions in major financial institutions in Nigeria, including The Infrastructure Bank Plc, Unity Bank Plc and Pacific Bank.

In his last assignment as the managing director of The Infrastructure Bank, Oyinloye led a team of young enthusiastic professional to achieve a major turnaround for the bank by recording profitable operations within two years, which is a major first in the bank’s twenty years of existence.

His core area of expertise includes strategic planning, policy and procedure development, team building and performance improvement, finance, budgeting and cost management, among others.

According to group executive vice chairman, SIFAX Group, Taiwo Afolabi, the appointment is in line with the group’s vision of strategically positioning itself for its next level strategic phase and noted that Oyinloye will bring his rich professional experience to bear on the operations of the company.

Oyinloye has been privileged to serve on the board of several organisations which include Africa InfraFund Plus, International Aviation College, Kwara, Echostones Nigeria, Prime Plus Estate Services, Unity Bank, Unity Kapital Assurance Plc (now known as Veritas Assurance Plc), and he is also a fellow of institutions such as Chartered Institute of Bankers of Nigeria, Chartered Institute of Marketing Nigeria, Institute of Credit Administration, Institute of Direct Marketing and a member of the Institute of Directors.