Wema Bank appoints Moruf Oseni new MD

Bisola David
Bisola David
Wema Bank raises N21bn capital, reaffirms commitment to rights issue

Wema Bank Plc’s Board of Directors has appointed Moruf Oseni as its substantive Managing Director and Chief Executive Officer.

Oseni will succeed Ademola Adebise after serving in an acting role beginning January 1, 2023, according to a news release released by the Bank on Saturday.

Oseni started working at Wema Bank in 2012 as an Executive Director. He had been the bank’s deputy managing director for the previous four years before being named MD/CEO when he showed the ability to guide the institution to even greater heights as it developed into a financial powerhouse.

He was the MD of MG Ineso, a leading investment, and financial advice firm, and had more than 25 years of experience, including more than 16 years in senior to executive management positions.

In addition, he worked in London as an Associate at Schroder Salomon Smith Barney/Citigroup Global Markets and Vice President at Renaissance Capital.

With an MBA from the Institute European d’Administration des Affaires in France, a Master of International Finance from the London Business School, and a B.Sc. in Computer Engineering from Obafemi Awolowo University, Oseni’s credentials speak for themselves.

He also graduated from King’s College in Lagos and the Advanced Management Program of Harvard Business School.

Along with approving Oseni’s appointment, the CBN also gave its approval for the hiring of Wole Akinyele as Deputy Managing Director and Tunde Mabawonku as Executive Director. Formerly, Tunde Mabawonku was the Bank’s Chief Financial Officer, and Wole Akinleye was the Executive Director in charge of Corporate Banking and the South-West Business.

The Bank’s Board is optimistic that these new hires will be essential to the Bank’s future transformation and expansion as it establishes itself as a market leader in Nigeria’s banking sector through technology and innovation.

All appointments are valid beginning today, April 1, 2023.

Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *