Goldman Prime Brokerage Exec. To Join Nigerian Cabinet

Mar 25 2010 | 11:38am ET

Nigeria’s acting President Goodluck Jonathan has appointed a Goldman Sachs prime brokerage executive to the country’s cabinet.

Olusegun Aganga, who is based in London, heads Goldman’s hedge fund consulting services. The managing director has reportedly been actively developing the firm’s business in Nigeria and sub-Saharan Africa.

Aganga is a newcomer to Nigerian politics.

The preliminary list of 33 names, which comes a week after Jonathan dismissed Nigeria’s government, does indicate specific appointments. But the inclusion of Aganga on the list of ministerial candidates is thought to signal Jonathan’s desire to press forward with banking reforms.

Jonathan is expected to add nine others to the list of nominees, which are expected to be approved by the country’s Senate before Easter.


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