10 facts about Ogunlesi, Trump’s new economic adviser
By Frederick Mordi
The President-elect of the United States, Donald Trump, recently appointed Adebayo Ogunlesi, a Nigerian based in the US, as a member of his Strategic and Policy Forum.
The Forum is made up of some of America’s finest and most respected corporate titans such as Stephen Schwarzman, Chairman, CEO, and Co-Founder of Blackstone; Jamie Dimon, Chairman and CEO, JPMorgan Chase & Co; Ginni Rometty, Chairman, President/CEO, IBM; and Jack Welch, former Chairman and CEO, General Electric (GE). The team members are expected to help Trump shape his ambitious economic agenda.
Ogunlesi, the surprise name on the list, has some interesting pedigree that justifies his inclusion among America’s successful business leaders. Here are 10 facts about Ogunlesi that you may find interesting:
Fact #1: Ogunlesi was born in Nigeria in 1953, and has an impressive track record of academic accomplishments, a trait that runs in the family. His father is the first Nigerian professor of medicine.
Fact #2: He is the Chairman and Managing Partner, Global Infrastructure Partners (GIP), a New York-based independent investment fund, with worldwide interest in infrastructure financing.
Fact #3: He made the headlines in 2010 when GIP bought Gatwick Airport, London’s second largest. For this reason, he is referred to as ‘the Nigerian who bought Gatwick Airport.’
Fact #4: He is often described as one of Wall Street’s smartest money managers. Time magazine profiled him among 15 Most-promising Young Executives in its list of 2002 Global Influentials, while Fortune ranked him as the Seventh Most Powerful Black Executive in the United States.
Fact #5: He studied Philosophy, Politics, and Economics at Oxford University, where he bagged a bachelor’s degree with honours. He also attended Harvard Law School, where he became one of the first two editors of African descent, to serve together on the influential Harvard Law Review.
Fact #6: After leaving Harvard, he served as a law clerk for US Supreme Court Justice Thurgood Marshall from 1980 to 1983, making him the first non-American to serve in this capacity at the nation’s highest court.
Fact #7: In 1983, Ogunlesi joined the New York law firm Cravath, Swaine & Moore. He practiced law for only nine months before he was invited for discussions by First Boston, an investment bank, which later offered him a job. It was at First Boston that he received the grooming that has today, made him highly sought after.
Fact #8: When the Credit Suisse Group acquired First Boston in 1997, the new entity was renamed Credit Suisse First Boston (CSFB). The chief executive of CSFB, John Mack, once described Ogunlesi thus: “Bayo Ogunlesi is a banker of powerful intellect, integrity and innovation. He has a broad global perspective and keen understanding of complex financial transactions. Our clients worldwide have benefited greatly from his strategic insights.”
Fact#9: Despite his long years of living in Europe and America, Ogunlesi still manages to stay in touch with developments at home. He has been at the vanguard of championing African economic renaissance, which is gradually taking roots across the continent.
Fact#10: Though Ogunlesi has never had the full opportunity of working for the Nigerian government, he had served former President Olusegun Obasanjo as an adviser in an informal capacity, particularly on privatisation matters.
Ogunlesi, no doubt, is an inspiration to this generation, and his appointment by Trump, has debunked negative stereotypes about Nigeria and Africa.