The Board of Directors of First City Monument Bank Limited (the Bank) have announced the appointment of Mrs. Oluwatoyin Olaiya as Executive Director, Risk & Compliance. This follows the approval of the Central Bank of Nigeria (CBN).
Mrs. Olaiya is a finance and risk management professional with over 30 years of experience. Prior to her appointment, she was the Chief Risk Officer / Divisional Head Risk Management at FCMB, overseeing Enterprise Risk Management, Risk Policy, Credit Administration, Credit Underwriting and Monitoring.
She has been responsible for redefining the Bank’s risk policies, improving risk management culture across the institution, and proactively ensuring the implementation of a cyber security strategy for the Bank.
She started her career as an auditor with KPMG, from where she moved to different roles in domestic operations, internal audit, business development, financial control, compliance and enterprise risk management in the banking industry. She joined FCMB in 2016 from Sterling Bank, where she was the Acting Chief Risk Officer.
Mrs. Olaiya is an Accounting graduate of the University of Ife (now Obafemi Awolowo University), and a fellow of the Institute of Chartered Accountants of Nigeria.
Wema Bank Announces Prince Olusegun Adesegun and Mr. Adeyemi Adefarakan as Non-Executive Directors
Wema Bank Plc has announced the appointments of Prince Olusegun Adesegun and Mr. Adeyemi Adefarakan as Non-Executive Directors of the Bank, effective July 19, 2021.
The announcement was after the Central Bank of Nigeria had approved both appointments, the lender disclosed in a statement signed by Johnson lebile, Company Secretary and Legal Adviser, Wema Bank Plc.
Prince Olusegun Adesegun Background
Prince Olusegun Adesegun is a Psychologist with a Masters’ Degree in Industrial Psychology from the University of Ibadan. He served and worked in Pyramid Products Limited as Manager in Training and rose to become the General Manager of the then Eastern Zone in 1988.
He retired and engaged in private business and has overtime garnered experience in marketing administration, management, and supply chain logistics solutions. He eventually became the CEO of Pecol Ventures Limited – a cash crop export and paper products company where he transformed the company from a small producer to a large, world-class Agric-Export firm.
He combined his private business with public service to become Commissioner for Works and Housing in Ogun State twice, and later served as the Deputy Governor of Ogun State between 2011-2015.
He currently serves as a Career Counsellor and Consultant for high quality investment decisions.
Adeyemi Adefarakan Profile
Adeyemi Adefarakan is a seasoned executive with strong global investment banking, portfolio risk, asset and financial management exposure.
He graduated with a BSc (Hons) in Economics & Accountancy from the prestigious City University, London, and holds a Masters degree in International Securities, Investment & Banking from the acclaimed ICMA Centre at the University of Reading, U.K. He is also an alumnus of the Emerging CFO: Strategic Financial Leadership Programme at Stanford Graduate School of Business, USA, and currently pursuing a Global CEO Africa Programme in the triumvirate of business schools comprising of Lagos Business School, Strathmore Business School (Nairobi, Kenya) and Yale School of Management (Connecticut, USA).
Yemi currently serves as the Group Chief Financial Officer and an Executive Director on the board of CBSL (Continental Broadcasting Service Limited). He holds other boards positions where he continues to create and extract shareholder value through active board engagement.
Prior to joining CBSL, Yemi forged his career on the trading floors of some of London’s financial powerhouses, to wit; State Street Global Markets, DRW Investments, JP Morgan Chase, Deutsche Bank and HSBC Global Asset Management, where he traded both vanilla and complex instruments and riskmanaged multi-billion-dollar multiasset portfolios.
GTbank Completes Reorganization, Appoints Miriam Olusanya As The New MD
The Guaranty Trust Bank (GTBank) has appointed Mrs. Miriam Olusanya as its new Managing Director. This change of guard was contained in a notice sent to the Nigerian Exchange Group Limited (NGX) on Wednesday, the tier one lender also announced the successful completion of its re-organization into a Holding Company Structure.
The new operating company with the brand name Guaranty Trust Holding Company Plc (GTCo) will be headed by Mr. Sola Oyinlola as Chairman while Mr. Segun Agbaje is the Group Chief Executive Officer.
Other members of the company’s Board are – Mrs. Cathy Echeozo (Non-Executive Director), Mrs. Helen Bouygues (Independent Non-Executive Director), and Mr. Adebanji Adeniyi (Executive Director).
The banking subsidiary, GTBank’s Board will comprise of Mr. Ibrahim Hassan (Chairman), Mrs. Miriam Olusanya (Managing Director), Mr. Olabode Agusto (Non-Executive Director), Ms. Imponi Akpofure (Independent Non-Executive Director), Mrs. Victoria Adefala (Independent Non-Executive Director), Mr. Jide Okuntola (Deputy Managing Director) and Mr. Haruna Musa (Executive Director).
According to the notice signed by the company’s Secretary, Erhi Obebeduo, the board was reconstituted following the retirement of about four Directors.
Agbaje, who spoke on the completion of the corporate re-organization, said: “We believe that a Holding Company Structure will allow us to take advantage of new business opportunities in the emerging competitive landscape and strengthen our earnings base.
“We are very excited to get started on the next phase of our incredible journey to driving Africa’s growth by making end-to-end financial services easily accessible to every African and African business by leveraging technology and strategic partnerships.
“As a bank, we were always looking to meet every customer need; with our corporate re-organization, we will be able to do more to help our customers thrive in this new world of digital technologies and unprecedented possibilities.
“Whilst we are evolving as an organization, we remain committed to our founding values which have endeared our brand to millions of people across Africa and beyond, and which continues to drive our financial success.
“As a proudly African and truly an international brand, we will continue to live by these values of excellence, hard work, and integrity, even as we create faster, cheaper, safer, and more diverse products for people and businesses of varied types and sizes.’’
Oluwabankole Falade Joins Flutterwave as Chief Regulatory and Government Relations Officer
African leading payment company, Flutterwave, appoints Mr. Oluwabankole Falade a former executive of Visa and MTN, and a former Director, Regulatory Affairs and Government Relations at IHS Towers as the new Chief Regulatory and Government Relations officer.
Mr.Bankole brings 18 years of experience in law, regulatory affairs, government relations, and business development across financial and telecoms industries. Before joining Flutterwave, Bankole was the Director, Regulatory Affairs and Government Relations at IHS Towers. He also held key leadership roles at VISA and MTN, where he managed interactions with key government stakeholders and regulators in key markets across Africa.
In this new role, Bankole is expected to drive the future of Flutterwave by providing “strategic oversight and government relation strategies, while ensuring that the interest and needs of the business are aligned with that of the regulators.”
The founder and CEO of Flutterwave, Olugbenga ‘GB’ Agboola said, “We’re grateful for the conducive regulatory environments that have helped us carry out our business, safely and in the best interest of the customers. With Bankole joining our team, we believe he is well placed to strengthen our existing relationships as well as support us create new relationships. Bankole will play an instrumental role in supporting us achieve our goal of creating endless possibilities for our customers with our key stakeholders in mind,”
The new Chief Regulatory and Government Relations Officer at Flutterwave, Bankole Falade said, “I’m excited about the work Flutterwave has done so far in building trust with regulators. We want the same things as the regulators; to grow businesses and economies through technology. My role remains to proactively work with stakeholders to better understand our interests and needs whilst ensuring we are always aligned with set standards and regulations. I am happy to get to work.”
Bankole is an alumnus of the University of Aberdeen, Scotland with a certificate from the Harvard Law School Program on Negotiation. He is also a fellow of the Institute of Chartered Secretaries and Administration, Nigeria, and an Associate Member of the Chartered Institute of Arbitrators in the United Kingdom.
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