WALE OYEDEJI APPOINTED FBNHoldings’ NEW GMD

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FBNHoldings has announced the appointment of Adebowale Oyedeji as its new Group Managing Director.

This was disclosed in a corporate notice filed with the Nigerian Exchange Limited on Friday.

Oyedeji’s appointment takes effect November 13 subject to the approval of the Central Bank of Nigeria and ratification of the Shareholders at the Annual General Meeting of the Company.

Speaking on this appointment, the Group Chairman of FBNHoldings, Femi Otedola, said, “The Board is pleased to welcome Wale Oyedeji to the Holdco and looking forward to him building on the solid foundation of 130-year-old franchise and sustaining its undisputed leadership position.”

According to the corporate notice, Oyedeji replaces Nnamdi Okonkwo who will be retiring from the Company after the completion of his term.

The newly-appointed GMD holds a Bachelor of Science in Agricultural Economics from the University of Ibadan and a Master of Science in Financial Economics from the University of London. He is a Fellow of the Institute of Chartered Accountants of Nigeria and an alumnus of the Advanced Management Program of Harvard Business School.

He has over 30 years of banking experience across corporate banking, Treasury, Commercial Banking and General Management. He served as Managing Director of Guaranty Trust Bank UK between 2008 and 2011. He was appointed to the Board of Guaranty Trust Bank in October 2011, where he served as Executive Director for the Corporate Banking Group and contributed immensely to the growth and transformation of the Business. Wale also served as an Independent Non-Executive Director of Stanbic 1BTC Bank.

Prior to his appointment as the GMD of FBNHoldings, Wale was the MD/CEO of Nova Commercial Bank and contributed to the Institution’s conversion to a commercial bank as well as its foray into Retall Banking. He began his early career with the firm of Ernst & Young where he initially trained as an Accountant.

At FBNHoldings, Wale would lead the Executive beams at the Holdco and the various subsidiaries to implement its new five-year strategic plan.