Mustafa Chike-obi Biography
Mustafa Chike-Obi is the current Chairman of Fidelity Bank Nigeria, one of the largest commercial banks in the country. He is also a former Managing Director and Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), a state-owned corporation that was established to resolve the non-performing loan assets of banks in Nigeria.
He has a Bachelor’s degree in Mathematics from University of Lagos and a Master’s in Business Administration from Stanford University Graduate School of Business.
He has also worked in various positions in global investment banking and asset management firms such as Chase Merchant Bank, Goldman Sachs, Shoreline Group, Bear Stearns and Guggenheim Partner.
Mustafa Chike-obi Age
Mustafa Chike-obi is 69 years old as of 2024.
Mustafa Chike-obi State Of Origin
Mustafa Chike-obi hails from Anambra State, Nigeria.
Mustafa Chike-obi Early Life, Parents and Education
Chike-Obi was on 15 may, 1955 born in Anambra State, Nigeria, to a distinguished family of academics and professionals. His father was Chike Obi, a renowned mathematician and professor who was the first Nigerian to hold a doctorate in mathematics.
His mother was Belinda, a lawyer and activist who fought for women’s rights and social justice. Chike-Obi grew up in various parts of Nigeria, where he attended different schools and developed a keen interest in mathematics and science.
Chike-Obi pursued his undergraduate studies at the University of Lagos, where he graduated with a First Class Bachelor’s degree in Mathematics. He was one of the best students in his class and won a scholarship to further his studies abroad.
He chose to attend Stanford University Graduate School of Business in the United States, where he obtained his Master’s in Business Administration (MBA). He was exposed to the latest theories and practices in finance, economics, and management at Stanford, and he also networked with some of the brightest minds in the field.
After completing his MBA, Chike-Obi embarked on a successful career in global investment banking and asset management. He worked in various positions and firms, such as Chase Merchant Bank, Goldman Sachs, Shoreline Group, Bear Stearns, and Guggenheim Partners.
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Mustafa Chike-obi Career
Chike-Obi started his Nigerian banking career in 1980 as the head of treasury at Chase Merchant Bank, where he created the Nigerian treasury department concept, the first such department in any Nigerian bank. He later moved to Goldman Sachs, where he worked as co-head of trading, mortgage-backed securities.
He also founded Madison Park Advisors, a financial service advisory and consulting firm specializing in hedge fund and private equity investment, located in New Jersey, U.S.A.
In 1992, Chike-Obi joined Bear Stearns & Co as co-head of emerging markets trading, where he gained valuable insights and skills in trading, portfolio management, risk analysis, and financial advisory. He also worked as managing director of Shoreline Group, an investment banking and asset management firm, from 2001 to 2006.
In 2010, Chike-Obi was appointed as the inaugural managing director and chief executive officer of AMCON, a corporation that was established to efficiently resolve the non-performing loan assets of banks in Nigeria¹. During his five-year tenure as MD/CEO of AMCON, Chike-Obi performed creditably and won many accolades and admiration from stakeholders in Nigeria’s banking and financial services industry. He successfully managed the acquisition, restructuring, and disposal of over $20 billion worth of bad debts from the banking sector.
In 2015, Chike-Obi became the executive vice chairman of Alpha African Advisory Limited, a leading advisory firm that provides innovative and strategic solutions to African businesses and governments.
He also served as an economic adviser to the Atiku Abubakar campaign in the 2019 presidential election, where he advocated for policies and reforms that would foster economic growth and development in Nigeria.
In 2020, Chike-Obi was appointed as the chairman of the board of directors of Fidelity Bank Nigeria PLC, one of the largest and most diversified financial institutions in Nigeria. He took over from Mr. Ernest Ebi, who had served as the chairman for over 11 years.
Mustafa Chike-obi Personal Life
Mustafa Chike-Obi is married and has three children.
Mustafa Chike-obi Net Worth
Mustafa Chike-Obi’s net worth is estimated at $5 million as of 2024.
