FBN Holdings Appoints Wale Oyedeji, Group Managing Director
FBN Holdings Plc has announced the appointment of Adebowale (Wale) Oyedeji as its new Group Managing Director (GMD), effective from 13th November 2024. The announcement, made through a regulatory filing on the Nigerian Exchange, states that Oyedeji’s appointment is subject to approval by the Central Bank of Nigeria and ratification by shareholders at the forthcoming Annual General Meeting.
Oyedeji will succeed Nnamdi Okonkwo, who is set to retire upon completing his tenure at the helm of the organisation. Wale Oyedeji, a seasoned banking professional, brings with him a wealth of experience and qualifications that position him to lead the financial giant forward.
FBN Holdings highlighted Oyedeji’s impressive educational background, which includes a Bachelor of Science degree in Agricultural Economics from the University of Ibadan and a Master of Science degree in Financial Economics from the University of London. He is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an alumnus of the prestigious Advanced Management Program at Harvard Business School.
With over three decades of banking experience spanning Corporate Banking, Treasury, Commercial Banking, and General Management, Oyedeji has earned a stellar reputation in the industry. Notably, he served as Managing Director of Guaranty Trust Bank UK from 2008 to 2011 and was appointed to the Board of Guaranty Trust Bank Plc in October 2011, where he played a key role in transforming the Corporate Banking Group. He has also served as an Independent Non-Executive Director at Stanbic IBTC Bank.
Before joining FBN Holdings, Oyedeji was the MD/CEO of Nova Commercial Bank, where he was instrumental in its conversion to a commercial bank and spearheaded its entry into retail banking. His early career began with Ernst & Young, where he trained as an accountant.
At FBN Holdings, Oyedeji is expected to lead the executive teams of the holding company and its subsidiaries in executing a new five-year strategic plan. His extensive experience is anticipated to strengthen the company’s leadership and drive growth across its operations.
Commenting on the appointment, Mr. Femi Otedola, CON, the Group Chairman of FBN Holdings, said, “The Board welcomes Wale Oyedeji to the Holdco, and we look forward to him building on the solid foundation of this 130-year-old franchise and sustaining its undisputed leadership position.”
Wale Oyedeji’s appointment is seen as a pivotal step in ensuring FBN Holdings continues its legacy of excellence within Nigeria’s financial sector. Zenith Bank Names Abiodun Durosinmi as Chief Financial Officer
