Interswitch appoints new chairman

Interswitch, an integrated digital payments and commerce company, has announced the appointment of Mr. Kenneth Olisa as its new chairman.

Olisa, who is currently a Director of Thomson Reuters, will succeed Mr. Adedotun Sulaiman.

In a statement, the company said that the appointment follows the recent minority investment by TA Associates in Interswitch in March of this year. Helios Investment Partners, which invested in the company in 2011, is the majority shareholder of the company.

Olisa is a British businessman with a career in technology that commenced at IBM and spans well over 40 years. He founded and led the technology merchant bank Interregnum and is also the founder and chairman of Restoration Partners, an independent boutique technology merchant bank, reputed as architects of the virtual technology cluster model.

In 2015, he became the first black Lord-Lieutenant of Greater London having been appointed, by Her Majesty the Queen.

The Founder and Group Chief Executive Officer, Interswitch, Mr. Mitchell Elegbe, was quoted as saying, “Ken’s inspiring business leadership, vast experience and professional expertise will be great assets to Interswitch as he comes on board as chairman at a defining phase in our journey of transformation and international expansion.


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