Trustee Mr. Ladipo Ajayi obtained a Bachelor of law from the University of Lagos and a Masters in Banking and finance from the University of Ibadan. He is a Fellow of the Chartered Insurance Institute, London and the Chartered Insurance Institute of Nigeria.

He begins his Insurance career in1973 at Sun Insurance Plc, where he rose through the ranks to become AGM and Head of Technical Operations. He was appointed Managing Director/Chief Executive Officer of Summit Insurance Company, Lagos in 1993. He moved to LASACO Assurance Plc, in the same capacity in May 1996, where he finally retired.

Mr. Ladipo Ajayi is the immediate past President of the Chartered Insurance Institute of Nigeria (president for 2000-2002). He is also a member of the Governing Council of the Nigerian Insurance Association and the Academic Board of West African Insurance Institute, Banjul, The Gambia.