Agusto & Co appoints Yinka Adelekan as new CEO, as Vivien Shobo retires  


The management of Agusto & Co has announced the appointment of Yinka Adelekan as its new Chief Executive Officer following the retirement of Vivien Shobo.

Agusto & Co, a credit rating agency, disclosed that Shobo’s retirement would be effective from 31 December 2019.

Vivien’s career at Agusto & Co has spanned over 20 years. She was responsible for leading the expansion initiatives that brought about obtaining Credit Rating Agency licenses from the Capital Market Authorities in Kenya and Rwanda while being a frequent speaker at domestic and Global African capital market conferences.

As part of her contribution to the development of the Nigerian financial market, Vivien has served on various committees including the Securities & Exchange Commission’s Financial Literacy Master Plan Committee, Fixed Income Sub-Committee, and the Capital Market Literacy / Investor Confidence Sub-Committee, where she was the chairperson. She is also the Chairperson of the SEC-registered Credit Rating Agencies Association.

Under the leadership of Viven Shobo, Agusto & Co has successfully rated most of Nigeria’s leading banks and pioneered domestic credit ratings for notable corporates such as Dangote Cement Plc, MTN Nigeria Communications Plc, Lafarge Africa Plc, Nigerian Breweries Plc, Guinness Nigeria Plc, Julius Berger, amongst others.

However, Agusto & Co has reportedly appointed Yinka Adelekan, an Executive Director, in the company as its new Chief Executive Officer. With over 20 years in the finance industry, Yinka has acquired knowledge in credit ratings, corporate banking, risk management, product development, financial analysis, and information management.

[READ MORE: FBN Holdings appoints new Non-Executive Director)

Agusto & Co’s new Chief Executive Officer holds a BSc. in Banking & Finance from the University of Lagos, Nigeria; an MSc. in Information Management & Finance from the University of Westminster, UK and a Masters in Business Administration from the Manchester Business School (University of Manchester, UK). As reported by This Day, she is a Senior Associate Risk Managers Association of Nigeria (RIMAN) and has attended the leadership program of the Harvard Business School.

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