Wema Bank has appointed Moruf Oseni as the substantive Managing Director/CEO following approval by the Central Bank of Nigeria (CBN). The Apex bank also approved the appointments of two others Wole Akinleye and Tunde Mabawonku as Deputy Managing Director and Executive Director respectively.
Prior to the announcement of Moruf Oseni as the substantive Managing Director and Chief Executive Officer in April, he had served in an acting capacity since January and will take over from Ademola Adebise.
Oseni joined Wema Bank in 2012 as an Executive Director and had served as the Deputy Managing Director for the last four years; a role in which he excelled helping to drive the bank’s progress as it continues to evolve into a financial powerhouse.
Furthermore, Oseni is not new to senior executive management levels having gathered 25 years of experience at this level. He had served as 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.
His credentials also speak volumes about the man. He has 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.
Wema said, “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.”
