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Board of Directors

Our leadership team

Jim Ovia, CON

Chairman, Board of Directors

Chuks Igumbor, B.SC, MBA, FCIIN

Managing Director / CEO

Elaine Delaney

Director

Andrew Greenwood

Executive Director/ Chief Operating Officer

Matthew Lilley

CEO Africa at Prudential plc

Kwasi Osei

Director

Professor. Oyewusi Ibidapo-Obe (INED)

Director

Sean Fraser

Director

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Prudential Zenith Life is part of Prudential plc. Prudential plc, incorporated and registered in England and Wales. Registered office: 1 Angel Court, London EC2R 7AG. Registered number 1397169. Prudential plc is a holding company, some of whose subsidiaries are authorized and regulated, as applicable, by the Hong Kong Insurance Authority and other regulatory authorities. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

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Jim Ovia, CON

Chairman, Board of Directors

Jim Ovia, CON is the Founder and Chairman of Zenith Bank Plc, West Africa’s largest bank. The Bank is ranked 325th in the world (The Banker, Top 1000 World Banks, 2016). Zenith Bank has over $16bn in assets with operations in London; UK, Dubai; UAE, Beijing; China, Accra; Ghana, Freetown; Sierra Leone and The Gambia in addition to over 300 branches in Nigeria. He had always instilled a high level of corporate governance across the Bank; enabling it to achieve a $850m GDR listing on the London Stock Exchange in 2013. In 2017, the Bank issued a $500m Eurobond that was four times oversubscribed and priced better than the equivalent home country sovereign bond. As the Chairman of Prudential Zenith Life Insurance Limited, he oversaw the landmark partnership of Prudential UK; one of the world’s largest life assurance companies and Zenith Life – Nigeria’s fastest growing life assurance company. He is currently the Chairman and majority shareholder of Zenith General Insurance Limited; Nigeria’s most profitable general insurance company.
An avid fan of iconic architecture, he developed the Civic Centre and Aquamarine Boat Club to exploit Nigeria’s burgeoning hospitality sector. Adjacent to this, he built the Civic Towers, a 15 story office block that colloquially is referred to as Nigeria’s “Empire State Building”. Driven by the role that technology could play in Nigeria; he established Cyberspace Limited to provide internet services and Visafone Communications Limited to provide telecom services. The latter was sold to MTN, Africa’s largest telco in 2015. As part of his philanthropic efforts, Jim Ovia is one of the founding directors of Private Sector Health Alliance of Nigeria (PSHAN) in collaboration with Bill & Melinda Gates Foundation. Realizing the importance that education played in his success, he established the Jim Ovia Foundation. To date over 1,500 students have been provided with university scholarships. Recognizing the gap in high quality secondary education, the Jim Ovia Foundation established James Hope College in his hometown of Agbor, Delta State; a co-educational boarding school that provides scholarships for over 50% of its pupils.
Jim Ovia’s contribution to the Nigerian economy has been recognized by successive governments; he was conferred with the national awards of Member Federal Republic (MFR, 2000) and Commander of the Order of Niger (CON, 2011). Jim Ovia is an alumnus of Southern University, Louisiana, B.Sc. Business Administration; University of Louisiana, Monroe, Louisiana, MBA; Harvard Business School, OPM.
Chuks Igumbor

Chuks Igumbor

Managing Director / CEO

Chuks Igumbor is a seasoned Insurance practitioner with over twenty-five (25) years experience in the insurance industry. He had his first degree from University of Benin, with a Bachelor degree in Geography. He is a fellow of the Chartered Insurance Institute of Nigeria (FCIIN) and has an MBA degree in Marketing Management from Lagos State University (LASU).

He has held various positions in the Insurance industry. He was the General Manager (Technical) of Afri-Ovis Insurance Brokers Limited. He rose through the cadre to the position of General Manager at Zenith General Insurance Company Limited overseeing the activities of Underwriting, Claims and Reinsurance departments of the company until his recent appointment as the CEO of Zenith Life Assurance Company Limited. He is also a Director of Venus Medicare.

He has attended various Underwriting and Risk Management courses, both locally and internationally.

Elaine Delaney

Elaine Delaney

Director

Elaine Delaney began her career with Watson Towers, the largest global actuarial consultancy, advising FTSE 100 companies on both the asset and liability side. She later joined PSolve Asset Solutions, the fund-of-funds subsidiary of Sanlam Bank SA where she focused upon delivering tailor-made liability driven investment solutions to top UK corporate pension plans, with a focus upon alternative assets. She then moved to Gissings Consultancy Services as Head of R & D, developing derivative based solutions for institutional clients as an FSA approved Investment Advisor.

Elaine was a pioneer staff of Zenith Capital – establishing the fixed income desk, asset management desk and corporate finance desk, joining in 2006. She rose to become the Head of Corporate Strategy and Advisory at Zenith Bank Plc, providing advice directly to the Board of Directors. She served on the Investment Committee as an Investment Strategist for the Zenith Bank range of mutual funds, which was awarded the Best Asset Manager in Nigeria in 2008 and 2009 due to having the highest returns in the industry. In 2010 she co-founded Quantum Capital Partners LP which manages a diverse range of assets in the Oil and Gas, Hospitality, Financial Services, Education and Mobile Communications. Elaine is a non-executive director of Zenith Capital, Zenith Securities and Zenith Asset Management. As part of the Board of Directors of Zenith Life Assurance, she was instrumental in closing the landmark acquisition by Prudential Plc. She holds a seat on the board of Zenith General Insurance, Nigeria’s most profitable insurance company.

She was one of the pioneer members of the Emerging Markets Private Equity Association’s Energy Council. Elaine served on the Finance Committee of St Saviours School, Ikoyi in 2016 and 2017.

Elaine holds a PDP in Actuarial Management and a BSc in Actuarial Science from the Cass Business School, London. She is a member of the Institute of Actuaries and a Fellow of the Institute of Mathematics and Applications.

Andrew Greenwood

Executive Director / Chief Operating Officer

Andrew Greenwood joined Prudential Africa in July 2015 and became CEO for Prudential Life Assurance Kenya in November 2015 before joining Prudential Zenith Life in May 2019.

He has 28 years of insurance industry experience across East, West and Central Africa. Previously, Andrew was the Managing Director of Metropolitan Cannon Life Assurance Limited in Kenya and, prior to that, served as Chief Executive of Pan Africa Insurance Holdings Limited (now Sanlam Kenya) before becoming Chief Operating Officer of FBN Life Insurance in Nigeria.

He studied accountancy at the University of Cape Town. He qualified as a Chartered Accountant in South Africa and is also a member of the Institute of Chartered Accountants in Australia and New Zealand

Matthew Lilley

Matthew Lilley

Director / CEO Africa, Prudential plc

Matt is CEO Africa at Prudential plc, leading the building of Prudential’s business across the continent. He has been at Prudential for nine years, and was previously Director of Strategy, responsible for strategic planning, business development and M&A across the Group. Matt previously worked at Boston Consulting Group and Lehman Brothers and has a BA in Maths and a Ph.D. in Theoretical Physics from Cambridge University.
Kwasi Osei

Kwasi Osei

Director

Kwasi Osei is a trained actuary having attained Membership of the American Academy of Actuaries in 1980 and Fellowship of the Society of Actuaries in 1983. He received a BA (Cum Laude) in Maths from University of California, Los Angeles (UCLA) and an MBA in Finance and Actuarial Science from the Ross School of Business, University of Michigan Ann Arbor, Michigan, USA. He has held senior management positions in a number of top flight insurance companies in the US, including Trans America Assurance Company, Travelers Insurance Company, Hartford Connecticut, and Golden State Mutual Life Insurance Company Los Angeles. Kwasi Osei has served as Chairman of the Governing Council of the African University College of Communication, and as Non-Executive Director of Ebankese Venture Fund Limited, Otumfuo Osei Tutu II Charity Foundation and Imperial General Assurance Company Limited. He has also been the Director General of Social Security & National Insurance Trust (SSNIT), Executive Chairman and Chief Actuary of TRI-Star Financial Group and Non-Executive Director of the State Insurance Company, Ghana International Bank, UK, Global Access Savings and Loans Company.
Oyewusi Ibidapo

Professor Oyewusi Ibidapo-Obe (INED)

Director

Professor Oyewusi Ibidapo-Obe (FAAS, FTWAS, FAS, FAEng, OFR) a Distinguished Professor of Systems Engineering and former Vice Chancellor (2000-2007) of the University of Lagos and former Vice Chancellor of the new Federal University Ndufu Alike Ikwo Ebonyi State Nigeria (2011-2016); was the President of the Nigerian Academy of Science from 2009-2013. He attended the University of Lagos from 1968-1971. He was awarded a Bachelor of Science [B.Sc. (Hon)] degree in Mathematics in the 1st Class Division by the University of Lagos, Nigeria in 1971; a Master of Mathematics (M. Maths) degree in Applied Mathematics with a minor in Computer Science in 1973 and a Doctor of Philosophy (PhD) in Civil Engineering with specialisation in Applied Mechanics/Systems in 1976 both from the University of Waterloo, Ontario, Canada. He attended the Round Table at Oxford University in 2003 and also the 2007 MIT Research and Development Conference and Innovations for Economic Development Course as well as Harvard University of Kennedy School of Government in 2013. Professor Ibidapo-Obe was also a Commonwealth Scholar (Canada) (1972-1976); an NSERC/CIDA (Natural Sciences and Engineering Research Council/Canadian International Development Agency (1977-1980) and a Senior Fulbright Research Scholar (1980-1981). He served the University of Lagos from October 1, 1972 as a Graduate Assistant through 1976 as Lecturer Grade II till 1983 as Professor. He was the Chairman of the Committee of Vice Chancellors of Nigerian Universities. He was awarded the Best Vice Chancellor’s Prize (2004, 2005) for the Nigerian University System (NUS). He was conferred with the national honour of the Officer of the Federal Republic (OFR) by the Nigerian Government in 2004.

He serves as an honorary International Scholar-in-Residence at the Pennsylvania State University and a Visiting Research Professor at Texas Southern University (2007 – present) both in the United States. He has similar recognitions with Otto von Guericke University Magdeburg, Germany. He has provided several consulting services on Science, Technology including Human Resources development to the United Nations and several of its agencies (UNDP, UNESCO, ILO et al) as well as the World Bank.

Professor Ibidapo-Obe was invested in 2004 with the prestigious Fellowships of the Academy of Science and Academy of Engineering Nigerian Computer Society and Mathematical Association of Nigeria. He was elected Fellow of the African Academy of Science (AAS) as well as The World Academy of Science (TWAS) in 2012. He was the Vice President of NASAC (Network of African Science Academies) (2011-2013).

A distinguished scholar who has authored several books and journals, Professor Ibidapo-Obe sits on the board of many companies as well as international organisations.

Sean Fraser

Sean Fraser

Director

Sean joined Prudential in 2008 and has had a 30 year career in Financial Services, within the Insurance and Banking sector and has worked for Metropolitan Life, Canada Life and Standard Chartered Bank in a variety of operations and distribution roles before joining Prudential.

Sean spent a short period of 3 years working in consulting managing a major client account with Marketing and Customer Insight services

Since joining Prudential Sean managed the Partnerships Distribution business in Asia working across 14 markets and with major strategic distribution partners. Since 2017, Sean has been part of the Prudential Africa team and has been supporting Prudential Zenith Life in establishing the exciting new distribution partnership with Zenith Bank in Nigeria.

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