ARC Ltd Board of Directors

Mr Dele Babade, Chairman of the Board of DirectorsDele BabadeDele Babade is chairman of the Finance and Investment Committee of the ARC Ltd Board, a position he took on when he joined ARC Ltd in September 2015.

Mr Babade has worked in the financial services sector for over 25 years and currently serves as CEO and founder of AfriCapital, a Pan-African corporate finance and financial advisory firm which he set up in 2007. He has also served as Group Executive/CEO of Ecobank Capital, the Investment Banking, Treasury and Capital markets entity of African banking group Ecobank Transnational.

Before that, Mr Babade led Citigroup’s Corporate Finance and Investment Banking Division for Sub-Sahara Africa and held senior positions at HSBC Group/Samuel Montagu Merchant Bank and Nomura International in London, leading major M&A and capital raising deals for blue chip corporates.

Mr Babade obtained a Masters degree in Corporate and Commercial Laws from University College London and was called to the Nigerian Bar in 1987 and to the Bar of England and Wales in 1991.

Mr Hans-Peter Gerhardt, Chair of Underwriting & Reinsurance CommitteeHans Peter GerhardtHans-Peter Gerhardt chairs the Underwriting and Reinsurance Committee of the ARC Ltd Board and has been a Board Member since 2013.

Mr Gerhardt has over 30 years’ experience in the reinsurance market serving in multiple senior management positions. He is currently group CEO of ACR Capital Holdings and CEO of its subsidiary Asia Capital Re. He was previously CEO of AXA Re which later became Paris Re before its acquisition by Partner Re in 2009. Mr Gerhardt has also held senior management positions at Cologne Re and Berkshire Hathaway’s General Re.

He currently serves on a number of boards in the global reinsurance industry.

Mr Vincent Rague, Underwriting & Reinsurance Committee and Audit CommitteeVincent RagneVincent Rague currently serves as a Board Member of ARC Ltd which he joined in September 2015. He sits on both the Underwriting & Reinsurance as well as Audit Committees.

Mr Rague is currently co-founder of a private equity fund manager in Kenya, Catalyst Principal Partners. He has over 25 years’ experience in advisory services, investments, project and corporate finance and banking in Latin America, Africa, Europe and Asia. Mr Rague previously worked for the International Finance Corporation including as Chief Investment Officer and Global Head of Real Estate investments. Prior to joining the World Bank Group, Mr Rague worked at the Ministry of Finance and the Central Bank of Kenya.

He sits on a number of boards including Kenya Airways and Group Five as well as being a member of the International Advisory Board of global insurer Ace.

Mr Rague holds an MBA from Darden Business School, University of Virginia.

Mr Wise Chigudu, Underwriting & Reinsurance Committee and Audit CommitteeWise ChiguduWise Chigudu sits on the Underwriting and Reinsurance Committee and Audit Committee of the ARC Ltd Board and has been a Board Member since the company was created in 2012.

He is currently a consulting actuary at his own UK-based firm Impi Risk Solutions. Previously Mr Chigudu was head of risk management and interim director of ceded reinsurance for (re)insurance carrier Argo International in London. Before that he was group reinsurance actuary and capital modelling specialist at Ace European Group.

Mr Chigudu is a Fellow of the UK Institute and Faculty of Actuaries and holds an MBA from Oxford University.

Dr Frannie Leautier, Non-Executive Director

Dr Frannie LeautierDr Frannie Leautier is the Founder and Managing Partner of the Fezembat Group. Previously, she was Senior Vice President of the African Development Bank where she led the efforts in improving overall operational effectiveness to drive greater developmental impact.

Prior to this, Dr Leautier was the Chairperson and Co-Founding Partner of Mkopa Private Equity Fund, which is focused on private equity investments in small and medium size enterprises in Sub-Saharan Africa. Dr Leautier joined the World Bank in 1992 and held Transport Economist and Research Economist roles before being promoted to Senior Economist, Infrastructure Division of the South Asia Division, where she worked in 6 Asian countries and helped to build a cohesive team to deliver on infrastructure projects. She later served as Senior Director, Infrastructure (1997-1999), was appointed as Chief of Staff and Director of the Office of the President of the World Bank Group (2000-2001) and then Vice President for the World Bank Group and Head of the World Bank Institute (2001-2007). From 2007-2013, she was appointed as a Distinguished Professor of Leadership in a Globalised World, Sciences Po, Paris, where she taught Masters courses in international management and leadership.

Dr Leautier is a globally respected development expert with over 25 years’ professional experience. She was previously Executive Secretary of the African Capacity Building Foundation (2009-2013) and has served as a Board member of several organisations, including Women’s World Banking, Institute for Security Studies, African Economic Research Consortium, International Potato Institute, Nelson Mandela Institution for Science and Technology and the Global Agenda Council of the World Economic Forum co-Chair of the World Economic Forum Africa (2013-2014) and the African Institute of Governing with Integrity.

Dr Leautier has extensive Africa and global experience in both the public and private sectors, including strong operations’ management experience in complex multilateral institutions. She is known for being results-oriented and a driver for efficiency, effectiveness and accountability.

Dr Leautier is Tanzanian and has extensive experience in Africa. She holds a PhD in Infrastructure Systems and a Masters degree in Transportation from the Massachusetts Institute of Technology (MIT).

Mr Abdoulie Janneh, Non-Executive DirectorMr Abdoulie JannehMr Abdoulie Janneh is currently Executive Director at the Mo Ibrahim Foundation based in Dakar, Senegal, a role he has held since 2012. He is the former UN Under-Secretary-General and Executive Secretary of the Economic Commission for Africa (ECA) (2005 – 2012). Prior to this, he served as Assistant Secretary-General and UNDP Regional Director for Africa, in charge of managing UNDP’s largest Regional Bureau, covering 45 countries in sub-Saharan Africa with a complement of over 1,500 (2000 to 2005). Earlier in his UNDP career, he was Resident Coordinator and Resident Representative in Ghana (1996-1999) and Niger (1993-1996) and Deputy Executive Secretary of the United Nations Capital Development Fund (1990-1993).

Mr Janneh is an active player in promoting African development and responding to the continent’s national and regional priorities. Throughout his career, he has been an active player in enhancing partnership-building for Africa, aiming to mobilise support and build inclusiveness for shared development objectives. He has established and maintained high level partnership with programme and donor governments, the private sector, civil society and national, regional and international organisations. He has also written articles on African development and delivered policy statements and keynote speeches. He was member of several advisory panels of organisations on Africa’s development.

Mr Janneh remains engaged in supporting the African Union Agenda 2063 vision, NEPAD, the African Peer Review Mechanism and the climate change agenda. He is chair of the African Governance Institute and serves on the Boards of the Coalition for Dialogue on Africa (CoDA), AO Alliance Foundation, Global Integrity, International Lawyers for Africa (ILFA) and is a member of the Africa Forum of Former African Heads of State , amongst others.

Mr Janneh, a Gambian national, has extensive international and Africa experience and is fluent in English and French.

Ms Delphine Traoré Maïdou, Non-Executive DirectorMs Delphine Traoré MaïdouMs Delphine Traoré Maïdou is currently Chief Operating Officer of Africa Allianz, responsible for developing the Allianz Group’s business on the continent, she remains a non-executive member of the Board of AGCS Africa. In her previous role as Chief Executive Officer of Allianz Global Corporate Speciality (AGCS) Africa (2012 to 2017), Ms Maidou was integral in expanding the team and the range of insurance solutions for corporate clients across the Sub Saharan Africa region. Between 2009 and 2012, Ms Maidou was Head of Market Management for Canada at AGCS, having joined the Group in 2005 as Executive Underwriter – Casualty. Ms Maidou started her career in 1996 as a Commercial Lines Underwriter for Ohio Casualty Group before being promoted to Umbrella/Excess Liability Underwriter in 2003.

Ms Maidou has been recognised widely for her leadership, as well as her insurance and risk management expertise. Notable awards include: Chief Executive Officer of the Year (2017) for the significant contribution made to Africa’s economy as Chief Executive Officer of AGCS Africa (Africa Economy Builders Awards); Outstanding Woman Leadership Award (Africa Leadership Awards 2015), Choiseul 100 Africa Top Economic Leaders for Tomorrow (2014 and 2015) and ranked 11th out of 50 Most Influential Women in Francophone Africa (2017) by Jeune Afrique. Ms Maidou continues to contribute significantly in developing and transforming the African insurance industry as President of the Insurance Institute of South Africa and as a member of the African Risk Capacity’s Outbreak & Epidemic (O&E) Advisory Panel.

Ms Maidou is the winner of the 2017 Insurance CEO of the Year at the AfricaRe African Insurance Awarads. She holds a Bachelor’s degree in Business/Accounting from University of Pittsburgh and an MBA in Insurance Management from the Boston University School of Management. Ms Maidou is from Burkina Faso and has extensive experience in both Africa and North America , she speaks English and French.

Dr Michel Jarraud, Special Advisor to the BoardDr Michel JarraudMr Michel Jarraud was the Secretary-General of the World Meteorological Organization from 2004-2015. Mr Jarraud was initially appointed by the Fourteenth World Meteorological Congress and was subsequently re-appointed by the Fifteenth and Sixteenth Congresses for second and third, four-year terms.

In 2012 he also assumed the Chair of UN-Water, the inter-agency mechanism that coordinates and strengthens the work of United Nations organizations and programmes on all issues relating to fresh water.

Before joining the WMO Secretariat as Deputy Secretary-General in January 1995, Mr Jarraud devoted part of his career to the internationally renowned European Centre for Medium-Range Weather Forecasts (ECMWF). He was appointed Deputy Director of the Centre in 1991, having been Director of the Operational Department from 1990. From June 1978 to December 1985, he was a researcher in numerical weather prediction at ECMWF. Mr Jarraud began his career with the French National Meteorological Service, Météo-France, as a researcher (September 1976-May 1978). He joined Météo-France again in January 1986 as Director of the Weather Forecasting Department, a role he held until December 1989.

Mr Jarraud is a scientist and a meteorologist with degrees from the prestigious French Ecole Polytechnique and the Ecole de la Météorologie Nationale. He is a fellow of the American Meteorological Society (USA), a member of the Société Météorologique de France, the Royal Meteorological Society (United Kingdom) and the African Meteorological Society, as well as an Honorary Member of the Chinese Meteorological Society and the Cuban Meteorological Society.

Mr Jarraud holds a degree of Ingénieur de l’Ecole Polytechnique in mathematics and physics, with chemistry and economics as additional subjects from Ecole Polytechnique and a degree of Ingénieur de la Météorologie from Ecole de la Météorologie Nationale. Mr Jarraud is fluent in French and English.