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Appointments

Ecobank Nigeria makes senior management appointments 

Ecobank Nigeria has announced the appointment of 5 new management officers across various levels in the bank. 

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Ecobank Nigeria appoints new officers 

Ecobank Nigeria has started a leadership transformation as it recently announced the appointment of 5 new senior management executives in the bank. Those appointed include:

  • Kenneth Okere, as Company Secretary & Chief Legal Counsel; 
  • Ibukunoluwa Oyedeji, as Chief Financial Officer (CFO); 
  • Abiola Aderinola, as Financial Controller; 
  • Adetokunbo Uko, as Treasurer; and  
  • Akintunde Dawodu, Chief Compliance Officer and Head, Compliance & Control. 

While commenting on the appointmentsthe Managing Director, Ecobank Nigeria, Patrick Akinwuntan, said the appointments were in line with the bank’s programme and that the bank had promoted over 950 staff early this year as it was committed to providing exciting career opportunities to deserving staff. 

[READ MORE: International Breweries appoints a new Director]

Kenneth Okere’s profile: Okere has over 26 years of legal experience. He has held various senior roles within the Legal department in Ecobank Nigeria. He previously worked at Metropolitan Bank, Omega Bank and Bayo Osipitan & Co. (Legal Practitioners).  Kenneth Okere holds LL.B, B.L and LL.M in Law from the University of Jos and University of Lagos respectively. He is also a member of both the Nigerian Bar Association (NBA) and the International Bar Association (IBA). 

Ibukunoluwa Oyedeji’s profile: Oyedeji has over 20 years of experience in funds/assets management, credit analysis, treasury management and securities trading. She was until this appointment the Country Head for the Securities, Wealth and Assets Management business of the Ecobank Group. She previously worked at the FBN Capital Assets Managements, Guaranty Trust Bank Plc, Goldman Sachs International, HSBC Global Market and Morgan Stanley international. 

Oyedeji holds a Bachelors’ degree in Economics from the University of Ibadan and Master’s degree (MSc) in International Securities and Investment Banking from ISMA Center, University of Reading, UK. She is a CFA holder, Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and an Associate of the Chartered Institute of Stockbrokers (CIS) of Nigeria. 

Abiola Aderinola’s profile: Aderinola has over 19 years of banking experience covering various aspects of financial control function & regulatory reporting, MIS, performance management, management & statutory reporting, and strategic planning. He started his banking career with the Metropolitan Bank and later on in his career worked as the Chief Financial Officer (CFO) of Ecobank Zambia. Abiola holds a B.Sc Degree in Banking & Finance from Olabisi Onabanjo University, an MBA from the University of Lagos and a Diploma in International Financial Reporting. He is also an Associate Member of the Institute of Chartered Accountants of Nigeria (ACA) and an Associate Member, Accounting Technician (AAT). 

Adetokunbo UKo’s profile: Uko has 25 years of banking experience covering Treasury and Financial institutions Marketing, Retail Banking, Public Sector, Credit & Marketing and Branch Operations. She began her banking career with Gulf Bank in 1994 working in Branch Operations, Sales/Marketing roles, and Treasury. She also worked at Oceanic Bank (now Ecobank) as Head, Treasury & Financial Institutions and Treasurer. Adetokunbo is a member of the Financial Markets Dealers Association (FMDA) and Chartered Institute of Bankers of Nigeria (CIBN). She holds an MBA from Obafemi Awolowo University and a B.A. in English from Ogun State University. 

Deal book 300 x 250

[READ ALSO: Microsoft Africa Development Centre appoints new Managing Director]

Akintunde Dawodu’s profile: Dawodu started his banking career in 1996 with Guaranty Trust Bank where he worked in Branch Operations. He was until recently Managing Partner for BILD professional services. Tunde possesses over 18 years of valuable banking experience. He holds a B.Sc Degree in Finance from the University of Lagos, Nigeria. He is an Associate Member of the Institute of Chartered Accountants of Nigeria (ACA), Associate Member of the Chartered Institute of Bankers of Nigeria (ACIB), Associate Member of the Chartered Institute of Taxation of Nigeria (ACTI) and an Associate Member of the Nigeria Institute of Management (AMNIM). 

 

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Appointments

ValuAlliance Asset Management appoints two new Directors

ValuAlliance Asset Management has announced the appointment of two persons into its Board as Directors.

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ValuAlliance Asset Management, the fund manager of the ValuAlliance Value Fund, has announced the appointment of Messrs Obinnia Abajue and Kofi Kwakwa into its Board as Directors.

This is according to a disclosure sent to the Nigerian Stock Exchange and seen by Nairametrics. In line with statutory requirements, the appointments are subject to confirmation from the Securities and Exchange Commission (SEC) and approval by the shareholders at the company’s next Annual General Meeting (AGM).

According to the notice, Mr Obinnia Abajue was appointed as Independent Non-Executive Director while Mr Kofi Kwakwa was appointed as Non-Executive Director. The profile of the aforementioned experts is succinctly captured below;

READ: FBN Holdings appoints ex-CEO of Guinness Nigeria and 2 others as Board Directors

Mr Obinnia Abajue

Mr. Abajue has over two decades of experience in banking and financial services. He is the current Chief Executive Officer (CEO) of Hygeia HMO Limited, a position he has held since November 2016. He is an alumnus of the University of Lagos and Imperial College London, where he obtained a Bachelor’s degree in Actuarial Science and an MBA respectively. Mr Abajue is a fellow of numerous professional bodies like; The Chartered Institute of Management Accountants, UK; The Institute of Chartered Accountants of Nigeria; The Chartered Institute of Bankers of Nigeria and the Chartered Institute of Stockbrokers of Nigeria.

Kofi Kwakwa

Mr. Kwakwa is a Ghanaian and a former CEO of Sagevest Holdings, an investment holding company in Ghana. He has over 25 years of experience in investment banking and consulting, having worked in top firms like Standard Bank, McKinsey & Company among others. He is currently a director at African Capital Alliance Limited (ACA), having joined the Board since 2015. Mr. Kwakwa is an alumnus of Swarthmore College and Harvard Business School, both in the USA, where he obtained a B.A. in Mathematics/Economics and an MBA respectively.

READ: Dangote Sugar yearly revenue surge by 33%, announces a dividend of N1.50

What they are saying

Commenting on the recent development, a part of the press release reads: ‘’The Board of Directors congratulates Mr. Abajue and Mr. Kwakwa on their appointment and is looking forward to tapping into their vast wealth of experience to further accelerate the achievement of its vision, to be the premier investment management fiduciary in the segments we serve.’’

What you should know

  • ValuAlliance had earlier posted a Profit After Tax of N237.96 million in its last reported financial statements-Q3, 2020. The PAT figures indicated a surge by over 1,000% YoY.
  • ValuAlliance Value Fund formerly known as “SIM Capital Alliance Value Fund”, is a closed-end collective investment scheme, registered and regulated by the Securities and Exchange Commission, whose units are listed on the main board of the Nigerian Stock Exchange (“NSE”).

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Appointments

Greenwich Merchant Bank appoints Bayo Rotimi as MD/CEO

Bayo Rotimi has been appointed the new MD/CEO of Greenwich Merchant Bank.

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Greenwich Merchant Bank has announced the appointment of Mr Bayo Rotimi as its new Managing Director/ Chief Executive Officer.

This is according to a notification made available on the bank’s social media handle, seen by Nairametrics.

As part of his responsibilities, Mr Rotimi is expected to provide leadership and direction to the management team and take charge in optimizing the company’s overall strategic objectives and operational performance, in a bid to deliver optimal value for stakeholders, without compromising quality and standards.

About Bayo Rotimi

Mr Rotimi is an experienced investment banking professional with over 27 years’ experience. He worked for various financial institutions such as Lead Merchant Bank and FCMB Capital Markets, where he rose through the echelons to become the CEO of the latter in 2008. Prior to his recent appointment, he was the chairman of the investment committee of ARM’s Discovery, Aggressive, Growth, Ethical, Money Markets, Fixed income and Eurobond funds with over N110 billion under management.

What they are saying

Commenting on the recent development, Chairman of Greenwich Merchant Bank, Kayode Falowo said: “Bayo’s track record and pedigree speaks for itself and offers a reassuring nexus between the corporate ideals that Greenwich is reputed for and proactive dynamism required to stay on the cutting-edge of innovation, product development and stakeholder satisfaction.”

What you should know

  • Recall that Greenwich Trust Limited was officially renamed Greenwich Merchant Bank in September 2020, after obtaining regulatory approval from CBN to operate as a Merchant Bank.
  • Greenwich Merchant Bank Limited was incorporated on the 25th of February, 1992 and subsequently commenced operations in June 1994.

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