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SIFAX Group restructures, appoints Oyinloye Group Managing Director

Mr. Adekunle  Oyinloye, Group Managing Director, SIFAX Group

In its resolve to strategically
position itself for better service delivery, corporate reengineering and the
next level strategic growth, SIFAX Group,
multinational corporation with diverse interests in Maritime, Aviation, Haulage
& Logistics, Oil & Gas and Hospitality, has appointed a new Group
Managing Director, Mr. Adekunle AbdulRazaq Oyinloye.

He is the
immediate past Managing Director/Chief Executive Officer of The Infrastructure

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
& 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 eighteen 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 professionals 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 & procedure development, team building
& performance improvement, finance, budgeting & cost management, among

According to
Dr. Taiwo Afolabi (MON), Group Executive Vice Chairman, SIFAX Group, the
appointment of the new Group Managing Director is in line with the Group’s
vision of strategically positioning itself for its next level strategic phase
and noted that
Oyinloye would bring his rich professional experience to bear on the
operations of the company.

“Recently, the company realized the
need to restructure its workforce, especially at the senior management level
due to its expanding business operations and resolve to provide better service
delivery for its clients and better returns for all the stakeholders.

“As we seek
to achieve maximum operational efficiency, there is a need to fill key
positions in the Group with the high-calibre individuals with the right
experience, expertise, capacity and competence. This new appointment will pave
way for many more internal restructuring and reorganization which will better
position the company for its next level strategic growth phase.

“We are delighted that Mr. Oyinloye
accepted to join us and be part of the big vision we are trying to achieve in
SIFAX Group. We are convinced his wealth of experience will benefit the company
greatly,” he said.

Oyinloye has been privileged to serve
on the board of several organisations which include Africa InfraFund Plus,
International Aviation College, Kwara, Echostones Nigeria Limited, Prime Plus Estate
Services Limited, Unity Bank Plc, UnityKapital 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.

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