Ken Olisa

Born in Nottingham in 1951 of a Nigerian father and a British mother,[1] Olisa's technology career commenced in the 1970s at IBM after he won a scholarship while an undergraduate at the University of Cambridge, where he studied Natural Sciences and then Social, Political and Management Sciences at Fitzwilliam College.[2] Olisa married Julia Sherwood in Cambridge in 1976.[3]

At IBM he held various posts before joining Wang Laboratories[4] in 1981. Following a period as Marketing Director for Europe, VP of US Marketing and then of Worldwide Marketing based in Boston, he was appointed Senior VP and general manager of Europe, Africa and the Middle East (EAME) located in Brussels. He led the team which restored the EAME operation to profitability, following which he launched an unsuccessful management buyout resulting in his departure in 1992.

Olisa then founded Interregnum, the technology merchant bank, leading it through its early growth, its entry into and exit from a joint venture with BDO Stoy Hayward, the AIM IPO in 2000. He was also a principal advisor to, and director of, uDate.com, which was later sold to Barry Diller's USA Interactive in 2003. Olisa retired from Interregnum in 2006 and now runs Restoration Partners.[5]

Olisa has considerable public company board-level experience on both sides of the Atlantic. He was the first British-born black man to serve on the Board of a major UK public company (Reuters) and is a former non-executive director of Thomson Reuters (where he was a member of the Audit Committee),[6] and is also a former non-executive director and Deputy Chairman of the Institute of Directors. He was a Director and Chairman of the Remuneration Committee of Canada's largest independent software developer, Open Text Corporation. More recently, he served as a non-executive director of Eurasian Natural Resources Corporation (ENRC) from 2007 and from which he was fired over governance concerns after which he coined the expression "More Soviet than City" to describe the way he and Sir Richard Sykes had been treated. He also serves on the boards of, or is an adviser to, several privately held and innovative companies including the UK's leading corporate governance advisor Independent Audit.[7] Olisa is also Chairman of the Thebes Group and not for profit Shaw Trust.[8]

In 2009, The Sunday Times named him Not for Profit non-executive director of the year, and in 2016 he was voted number one in the Powerlist's Top 10 most influential British black people.[9]

In November 2017, Olisa succeeded Adedotun Sulaiman as the Chairman of Interswitch and in 2018 he joined the Board of Huawei (UK).

Sir Kenneth Olisa, Lord-Lieutenant of Greater London, in 2018

Olisa was appointed as an Officer of the Order of the British Empire in the 2010 Birthday Honours for services to Homeless People in London, a Commander of the Order of St John in 2017,[10] and a Knight Bachelor in the 2018 New Year Honours for services to Business and Philanthropy.[11][12] Olisa was appointed Lord-Lieutenant of Greater London on 29 May 2015.[13] In 2018, he was awarded honorary doctorates by Kingston University[14] and by Nottingham Trent University.[15] He received an Honorary Doctor of Letters from University of Worcester in 2019.[16]

Olisa is a Freeman of the City of London; Past Master of the Worshipful Company of Information Technologists; a former Director of the Thomson Reuters Foundation; President of Thames Reach (a charity working to shelter and resettle the homeless in London); Founder and Chairman of the Powerlist Foundation (now the Aleto Foundation); Fellow of the British Computer Society (in 2006); Life Fellow of the Royal Society for the Encouragement of Arts, Manufactures and Commerce. Past member of the Government's Women's Enterprise Taskforce; Governor of the Peabody Trust for a decade and a NED of the West Lambeth NHS Trust for three and a half years. His experience of regulation is substantial. He has been a regulatee of the FSA since 1993 and a start-up regulator twice: first as an inaugural Postal Services Commissioner from 2001 to 2004 and more recently as a Board member of IPSA, the body charged with managing MPs' expenses, pay and pensions.

Olisa is also a patron of several charities including School-Home Support (SHS), a charity helping disadvantaged children and young people overcome barriers to education such as poverty, domestic abuse and housing issues, Fore, a charity which funds scale-up initiatives for other charities and the Black Cultural Archives. In 2019, he was appointed President of London Youth.[17] On 19 March 2019, Olisa greeted Queen Elizabeth II and the Duchess of Cambridge at the opening of the newly refurbished Bush House.[18]

Footnotes

Sources

• The Telegraph website
• The Guardian website
• Interview with The Sunday Times
• Profile of Ken Olisa at Thames Reach

• Thebes Group website
• Business tips from Ken Olisa