Jide Zeitlin now board chairman of Sovereign Wealth Fund

The nation’s Acting President, Yemi Osinbajo has approved Mr. Jide Zeitlin, a former Obama nominee, as the Chairman of the Nigeria Sovereign Investment Authority, NSIA.Before his appointment Jide Zeitlin was the Founder of The Keffi Group. Mr. Zeitlin serves as a Treasurer of Teach For America, Inc., Milton Academy and Common Ground Community.Zeitlin founded Independent Mobile Infrastructure (Pvt.) Limited in 2005 and serves as its Chairman and is a private investor focused on Asian, particularly Indian, telecommunication operating assets. He has been a Partner at Goldman, Sachs & Co since 1996. He was a Senior Investment Banker of Goldman, Sachs & Co.He also was Global Chief Operating Officer of Goldman Sachs’ investment banking businesses until his departure at the end of 2005, having joined in 1987.His career at Goldman Sachs included a number of senior management positions in the its investment banking division, where he focused on the industrial and healthcare industries, as well as service in the its executive office.Zeitlin serves as Chairman of the Board of Trustees of Amherst College and as a Trustee of Montefiore Health Systems, Inc.Vascular Biogenics also had the privilege of having him as Non-Executive Director, from March 2008 to September 19, 2019.He has been an Independent Director of Affiliated Managers Group Inc. since January 2006 and an Independent Non-Executive Director at Coach, Inc. since June 14, 2006. He served as a Lead Outside Director of Coach, Inc. until November 2014, amongs many other positions he has held and still holding.Mr. Zeitlin holds an A.B. in Economics and English magna cum laude from Amherst College in 1985 and an M.B.A. from Harvard University in 1987.In 2011, the NSIA was created when ex-President Goodluck Jonathan signed the Nigerian Sovereign Wealth Investment Act 2011 into law.The fund was capitalized with an initial investment of USD1 billion. The portfolio was to be invested as 3 sub-funds: 32.5 percent in the Future Generations Fund, 32.5 percent in the Nigeria Infrastructure Fund and 20 percent in the Stabilization Fund.