Saturday, September 13, 2025
23.7 C
Lagos

Royal Exchange Confirms Auwalu Muktari as Group CEO

The Board of Directors of Royal Exchange Plc has confirmed the appointment of Alhaji Auwalu Muktari, as the substantive Group Managing Director/CEO with effect from June 15, 2016.

Mr. Ken Odogwu, Chairman, Royal Exchange Plc, Mr. Kenneth E. Odogwu commended Muktari’s esteemed service and contributiuon towards the continous expansion of the Group. He also affirmed the Board’s belief in Muktari’s ability to drive the Group towards greater profitability and growth in the years ahead.

Odogwu added that with Muktari’s extensive experience and knowledge of the insurance industry, his primary assignment would be to drive the continuous growth and profitability of Royal Exchange and make the company a market leader in the financial services industry in Nigeria.

Below is a profile of Muktari:

Auwalu Muktari – Group Managing Director, Royal Exchange Plc

He completed his 1st degree in Business Administration and later his Masters Degree in Banking and Finance at Bayero University Kano in 1993 and 1995 respectively. He also attended Ahmadu Bello University Zaria where he obtained a Diploma in Insurance at Credit Level in 1983.

He started his working career with the Kano based insurance company, Kapital Insurance Limited and rose through the ranks to become Head of Re-insurance Department.

Muktari joined Royal Exchange Assurance Nigeria (as it was then known) in 1995 as Branch Manager in Kano, with direct oversight and responsibility over the activities of Bauchi, Maiduguri and Yola offices of the company. In 2003, he became the Regional Director, Abuja.

He left Royal Exchange Plc to become the Managing Director/Chief Executive Officer of Yankari Insurance Co. Ltd in 2008, (later called Fin Insurance to Co. Ltd) and returned to Royal Exchange as the Group Executive Director, Marketing and Sales in 2010.

Muktari was elected in 2010 as an associate member of the Institute of Directors, Nigeria; and is also a professional member of the following bodies: Associate Member, Institute of Management Specialist, UK; Member, Chartered Insurance Institute of Nigeria; Associate Member, Institute of Management and is currently the President of the Institute of Sales and Marketing Management of Nigeria.

He is an alumnus of Harvard Business School, USA and has attended various Executive Management & Development programmes.

About Royal Exchange Plc

Royal Exchange Plc started operations in 1921 and continues to be driven by innovation and a determination to offer services that are of exceptional value to its customers.

Following the recapitalisation exercise in 2007, the company was reorganised into a group structure comprising Royal Exchange Plc as the holding company and five strategic subsidiaries namely:

· Royal Exchange General Insurance Company Limited (Non-Life Insurance Services)
· Royal Exchange Prudential Life Plc (Life Assurance Services)
· Royal Exchange Finance and Investments Limited (Financial Advisory Services)
· Royal Exchange Healthcare Limited (HMO and Health Insurance)
· Royal Exchange Microfinance Bank Limited (Banking Services)

spot_img
spot_img

Hot this week

AIICO Insurance Unveils Recycling Project for a Greener Future

  AIICO Insurance Plc is stepping up its commitment to...

New WAIFEM DG, Baba Musa, Plans to Build Next Generation of Economic Leaders

The Director General of the West African Institute for...

39 Graduates Begin Chevron-Intels NC-HCD Programme to Boost Maritime Sector

Capacity building for Nigeria’s maritime sector received a boost...

Ex-Oil Minister, Kachikwu, Seeks Increase of NCI Fund to $1bn, Timeline for Developing Oil Blocks

The former Minister of State for Petroleum Resources, Prof....

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

Topics

Continental Re Appoints Kevin Kiambi Mworia to Lead its Kenya Subsidiary

L-R:  Mr. Lawrence Nazare, Group Managing Director, Continental Reinsurance...

GT Bank Sponsors 2018 Lagos Int Polo Tournament

Some of the most renowned indigenous and international polo...

Nigeria, SA Lift Africa’s Smartphone Market to 88.2m Units in 2018

While 2018 was a tough year for worldwide smartphone...

PenCom Commences Online Verification/Enrolment for 2021 MDA Retirees

The National Pension Commission (PenCom) has developed an online...

Africa Power Vision Plans to Electrify 80% of Households by 2040

Africa’s electrification recently welcomed a new advocate, Africa Power...

BlackBerry Announces 2OO Redundancies

BlackBerry has made around 200 staff redundant at its...
spot_img

Related Articles

Popular Categories

spot_imgspot_img