Diamond Bank has announced the appointment of Mr. Oluseyi Bickersteth as the new Chairman of the Board of Directors effective June 26, 2018.
He takes over from Prof. Chris Ogbechie who retired with effect from March 31, 2018, after completion of his tenure.
The Bank in a notice dated July 2, 2018, signed by Uzoma Uja, Company Secretary/Legal Adviser, to the Nigerian Stock Exchange (NSE), reads:
“We write to formally notify the Exchange that the Board of Directors of Diamond Bank Plc, has appointed Mr. Oluseyi Bickersteth as an Independent Non-Executive Director and the approval of the Central Bank of Nigeria (CBN) for the appointment has been granted effective June 26, 2018. The Board has also unanimously appointed Mr. Bickersteth as the substantive Chairman of the Board of Directors in replacement of Prof. Chris Ogbechie who retired from the Board with effect from March 31, 2018, after completion of his tenure”.
Mr. Bickersteth holds a B.Sc. in Economics from the University of Ibadan and an M.Sc. in Economics from the York University in Canada. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and Chartered Institute of Taxation of Nigeria (CITN).
Prior to being the Chairman of KPMG Africa Practice and National Senior Partner of the Nigerian Practice, Mr. Bickersteth was the Head of Tax and Regulatory practice and served as Engagement Partner on major tax advisory and compliance projects. Mr. Bickersteth played an oversight and coordinating role in KPMG’s delivery of professional services to companies in the countries comprising the Gulf of Guinea including Nigeria, Cameroun, Angola, Equatorial Guinea & Gabon. He also heads the Oversight Committee for KPMG Africa.
Bickersteth was involved in Vision 2010 of the Federal Government of Nigeria, which prepared a memorandum on the vision for Nigeria, by the year 2010. He has also chaired a working group on “Nigerian Tax Reforms 2003 & Beyond” for the Federal Government of Nigeria. Mr. Bickersteth also served on the technical committee of the Federal Government that prepared the Petroleum Industry Bill (PIB) for the oil and gas sector. The Bill is to reform the sector and encourage local content and active participation of indigenous players in the Nigerian Oil and Gas Industry.