FBN Holdings Plc has notified the investing public that its Board of Directors has appointed Adebowale (Wale) Oyedeji as the Group Managing Director of the Company with effect from November 13, 2024, subject to the approval of the Central Bank of Nigeria.
Wale is replacing Nnamdi Okonwo who will be retiring from the Company after the completion of his term.
Wale holds a Bachelor of Science in Agricultural Economics from the University of Ibadan and a Master of Science in Financial Economics from the University of London. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an alumnus of the Advanced Management Programme of Harvard Business School.
He has over 30 years of banking experience across Corporate Banking, Treasury, Commercial Banking and General Management. He served as Managing Director of Guaranty Trust Bank UK between 2008 and 2011. He was appointed to the Board of Guaranty Trust Bank Plc in October 2011, where he served as Executive Director for the Corporate Banking Group and contributed immensely to the growth and transformation of the business. Wale also served as an independent Non-Executive Director of Stanbic IBTC Bank.
Prior to his appointment as the GMD of FBN Holdings, Wale has been the MD/CEO of Nova Commercial Bank and contributed to the institution’s conversion to a Commercial Bank as well as its foray into Retail Banking.
At FBN Holdings, Wale would lead the Executive teams at the Holdco and the various subsidiaries to implement its new 5-year Strategic plan.
Speaking on this appointment, Femi Otedola, Group Chairman of FBN Holdings stated thus:
The Board is pleased to welcome Wale Oyedeji to the Holdco and looking forward to him building on the solid foundation of 130-year old franchise and sustaining its undisputed leadership position.