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FBNHoldings Renews Adesola Adeduntan Tenure, Appoints Nnamdi Okonkwo as GMD

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Dr. Adesola Adeduntan - FirstBank CEO - Investors King

The Board of FBN Holdings Plc (FBNHoldings) has appointed the immediate past Managing Director of Fidelity Bank Plc., Mr. Nnamdi Okonkwo as its Group Managing Director.

Okonkwo’s appointment takes effect from January 1, 2022.

His appointment followed the retirement of Mr. U.K. Eke, who has completed his two-term tenure.

Uke, according to the board, tendered his Notice of Retirement on August 10, 2021

The Board further announced the renewal of the appointments of Dr. Adesola Adeduntan and Mr. Gbenga Shobo as the Managing Director and Deputy Managing Director of FirstBank respectively, for another term.

In the same vein, the Board announced the renewal of appointments of Mr. Kayode Akinkugbe and Mr. Taiwo Okeowo as the Managing Director and Deputy Managing Director of FBNQuest Merchant Bank Limited respectively, for another term.

“Uke’s retirement takes effect at the end of the current Financial Year on December 31, 2021. Mr. Eke’s retirement follows from a 35 years’ career in financial services, strategy, auditing, consulting, taxation, process reengineering and capital market operations.

“FBNHoldings Board has also announced that Eke will be succeeded by Mr. Nnamdi Okonkwo, a focused and result-oriented top banker, who will assume office as Group Managing Director, FBN Holdings Plc effective January 1, 2022,” Seye Kosoko, the Company Secretary said

Okonkwo, the immediate past Chief Executive Officer of Fidelity Bank Plc, brings to bear on the Board of FBNHoldings more than 30 years unbroken banking career spanning local and international experience. He has a wealth of experience in transformational leadership, business strategy development and visioning, innovative corporate governance and risk management.

He has led the transformation of banks, with the most recent being Fidelity Bank, where he led the management team for seven years to achieve remarkable results culminating in tripling profit and shareholder value.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Appointments

Prof. Enase Okonedo Announced the New Vice-Chancellor of Pan-Atlantic University (PAU)

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University - Investors King

The Board of Trustees of Pan-|Atlantic University (PAU) Foundation has appointed Professor Enase Okonedo as the new Vice-Chancellor of PAU.

In a statement on its website, the institution congratulated the new Vice-Chancellor stating that her appointment reflects PAU’s commitment to nation-building by producing industry-ready graduates and by engaging with the community through research and partnership.

The institution that has as its unit the popular Lagos Business School also expressed its firm belief that Professor Enase will take the institution to greater heights considering her pedigree, expertise, passion, and leadership.

Her appointment is coming at a very dare time when there has been an increase in the clamour for the inclusion of more women in major leadership positions. Her appointment will therefore add her to the list of the very few numbers of female Vice-Chancellors in Nigerian Universities.

Before the recent appointment, she had served in various leadership positions including as the Deputy Vice-Chancellor, an office she is still holding. She was appointed Dean of Lagos Business School (LBS) in July 2009 and held the position until December 2020.

In the statement released by the institution, the new Vice-Chancellor’s qualifications and education were listed and praised.

“Over the course of her career, she has risen to become an internationally recognised educator, serving on various boards in the management education industry. She is on the board of Global Business School Network (GBSN), United Nations Principle for Responsible Management Education (UNPRME), and the Academic Advisory Board of Blatnavik School of government, University of Oxford,” the statement said.

“She has served on the board of Graduate Management Admission Council (GMAC), and held leadership positions on the boards of Association to Advance Collegiate School of Business International (AACSB) as Secretary-Treasurer, and the Association of African Business Schools where she was Chairperson.”

Professor Okonedo had her undergraduate education at the University of Benin and graduated with BSc, Accounting in 1987.

She is expected to resume her new role on January 1, 2022.

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Appointments

Delta Air Lines Appoints Nicolas Ferri as Vice President for Africa, Others

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Delta Air Lines

Delta Air Lines, an American leading domestic and international airline, has appointed Nicolas Ferri as its Vice President for Europe, the Middle East, Africa and India.

The company disclosed in a statement published on Tuesday.

Ferri would be managing key strategic commercial and customer experience initiatives in the four regions. Therefore, Mr. Ferri will be working closely with Delta’s European joint-venture partners-AirFrance, KLM and Virgin Atlantic.

The leading airline said it is now focusing on rebuilding its trans-Atlantic network.

Alain Bellemare, the President, International, Delta Air Lines, was quoted in the statement as saying, “Delta is the preferred carrier across the Atlantic and Nicolas’ vast international and alliances experience will be vital to our continued success as demand picks up and we reopen travel corridors across the region.

“With customers returning to the skies, we look ahead to 2022 and the rebuilding of our international portfolio with optimism.”

Before his appointment, Ferri served as the chief commercial officer at Delta’s partner, Aeromexico since August 2019.

In this role, he led Aeromexico’s revenue management, network planning, corporate strategy, distribution, global sales, alliances, e-commerce, customer care and loyalty functions.

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Adeniyi Falade Appointed as Director Company Board of Custodian Investment Plc

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Adeniyi Falade - Custodian Investment Plc

The Board of Custodian Investment Plc at the Board meeting held on October 27, 2021, has approved the appointment of Mr. Adeniyi Falade as a Director on the Company’s Board with effective January 1, 2022.

In a letter signed by the company secretary, Adeyinka Jafojo, the company expressed its deep appreciation to him for his contributions to the board and the company, and his effective leadership during his last office.

Custodian Investment Plc is an indigenous Investment holding company quoted on the Nigerian Stock Exchange (NSE) comprising Custodian and Allied Insurance Limited (CAIL), Custodian Life Assurance Limited (CLA) CrusaderSterling Pensions Limited, Custodian Trustees Limited and Crusader Properties Limited. Until his appointment, he was the Managing Director of CAIL, the General Insurance business subsidiary and a non-Executive Director of Custodian and Allied PLC.

Mr. Adeniyi Falade, a Chartered Accountant and a seasoned Investment Banker, brings a wealth of experience of over three decades in the financial services sector to bear upon the Board. Mr. Falade serves as Director on several Boards in the financial services and real estate sectors of the economy.

He holds a Bachelor of Science degree in Chemistry and a Masters degree in Business Administration (Warwick Business School) and also a Fellow of the Institute of Chartered Accountants of Nigeria and an Associate of the Institute of Chartered Stockbrokers of Nigeria.

Prior to his appointment, Mr Falade was the Managing Director of Crusader Sterling Pensions Limited in 2007, served as the CEO of Lead Capital and Head of Investment Banking Group of Ecobank Nigeria. He is also a member of the board of directors of Custodian Life Assurance Limited, Custodian Trustees Limited and Interstate Securities Limited.

The Custodian Group in its over two decades of operation has achieved great success over the years due to its commitment to ideals such as outstanding service and dedication to customers, innovation and comprehensive systems, processes and operations integration. Consequently, it has become a force to be reckoned with, in the Financial Services Sector of the Nigerian economy.

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