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| Moruf Oseni. |
Wema Bank Plc hereby announces Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective April 1, 2023. After serving in acting capacity since January 1, 2023, Oseni will be succeeding Ademola Adebise, following approval by the Central Bank of Nigeria (CBN).
Oseni's
journey with Wema Bank began in 2012 when he joined as an Executive Director.
Before his appointment as MD/CEO, he served as Deputy Managing Director for the
last four years, a role where he demonstrated the capacity to lead the bank to
even greater heights as it continues to evolve into a financial powerhouse.
With
over 25 years of experience, including more than 16 years at senior to
executive management levels, Oseni was the MD/CEO of MG Ineso, a principal investment
and financial advisory firm. He had also served as Vice President at
Renaissance Capital and was an Associate at Schroder Salomon Smith
Barney/Citigroup Global Markets in London.
Oseni's
credentials speak for themselves, with an MBA from the Institut European
d'Administration des Affaires (INSEAD) in France, a Master's in Finance (MIF)
from the London Business School, and a B.Sc. in Computer Engineering from
Obafemi Awolowo University (OAU). He is also an alumnus of the Advanced
Management Program (AMP) of the Harvard Business School and King's College,
Lagos.
In
addition to Oseni's appointment, the CBN also approved the appointments of Wole
Akinleye as Deputy Managing Director, and Tunde Mabawonku as Executive
Director. Wole Akinleye previously served as the Executive Director in charge
of Corporate Banking and the South-West Business, while Tunde Mabawonku served
as the Bank’s Chief Finance Officer.
The
Board is confident that these new appointments will be crucial to the continued
transformation and growth of the Bank as it positions itself as a market leader
in Nigeria's banking industry through technology and innovation.
All
appointments are effective from April 1, 2023.
About Wema Bank
Regarded as Nigeria's most innovative bank and the longest-surviving
indigenous Financial Institution in Nigeria, Wema Bank Plc has over the years,
diligently offered a range of value-adding banking and financial advisory
services to the Nigerian public for 77 years. Incorporated in 1945 as a Private
Limited Liability Company under the old name of Agbonmagbe Bank Limited, it
commenced banking operations in Nigeria in the same year. Wema Bank
subsequently transformed into a Public Limited Liability Company (PLC) in April
1987 and was listed on the floor of the Nigerian Exchange.
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