Michael, until his retirement at the end of March 2016 was the Managing Director of FBN Capital Asset Management – an FBN Holdings Company. He built and managed a team that grew assets under management from N29bn to N182bn, launched, grew and managed Nigeria’s largest money market fund amongst others and won an awarded for best asset manager in Nigeria for 2014. Until his appointment as head of FBN Capital Asset Management in January 2011, Michael was Chief Investment Officer of Guaranty Trust Assurance (now Axa-Mansard Insurance Plc) for 4 years.
Michael headed Assur Asset Management (the asset management subsidiary of Guaranty Trust Assurance) and led the investment management team that managed over $106m of Guaranty Trust Assurance funds and client money. In addition, Michael successfully launched and managed a series of investment linked funds and products for Assur Asset Management, each out-performing relevant benchmarks. Prior to his role at Guaranty Trust Assurance, Michael was head of Investments at Crusader Sterling Pensions.
Prior, Michael was former Head of Treasury, Hedging & Derivatives at Laxey Partners, a hedge fund in the Isle of Man where he was responsible for managing over $350m. Michael has also held a number of roles in the UK at Mellon Bank, Legal & General, Regent Fund Management, Investec Asset Management and Thornhill Investment Management, where he was part of the team responsible for managing over $800m.
Qualifications: Associate member of the CFA UK, Member of the CFA Institute, Advanced Management Program (AMP) alumnus of the Lagos Business School. Michael obtained a Masters degree in Finance from Middlesex University, UK and a Masters of Science in Investment Analysis from the University of Stirling, UK. Michael was also the President of the Fund Managers’ Association of Nigeria (FMAN) from October 2013- November 2015.