James Emejo in Abuja
The Board of FBN Holdings Plc, yesterday, introduced the appointment of Mr. Olusegun Alebiosu as appearing Chief Govt, First Financial institution of Nigeria Restricted (FirstBank), its flagship subsidiary.
The appointment got here on the heels of the latest resignation of the financial institution’s Managing Director/Chief Govt, Dr. Adesola Adeduntan.
In an announcement to the Nigerian Inventory Change, the holdings’ appearing Firm Secretary, Adewale Arogundade, mentioned the board of administrators had appointed Alebiosu to steer the 130-year-old establishment.
Nonetheless, the appointment, which takes speedy impact, is topic to the approval of the Central Financial institution of Nigeria (CBN).
The assertion added that the announcement was in accordance with the Rulebook of The Change (Issuers’ Guidelines), which required that the Nigerian Change Restricted and the investing public be duly notified of such growth.
Alebiosu was an Govt Director/Chief Danger Officer who collectively led the transformation of FirstBank over the previous eight years, and remained an integral member of the group beneath the earlier CEO’s management.
He’s effectively positioned to ship on the financial institution’s strategic aims.
He joined FirstBank in 2016 and has over three a long time of banking expertise.
“The Board of Administrators expressed gratitude to Adeduntan for his exemplary management within the final 9 years throughout which he superintended the transformation and progress of the financial institution and want him effectively in his future endeavours,” the assertion added.
The brand new appearing First Financial institution CEO brings to the Govt Administration of FirstBank over 28 years’ expertise within the banking and monetary companies business with cross-functional publicity to credit score danger administration, monetary planning and management, credit score and advertising and marketing, commerce, company and industrial banking, agriculture financing, oll and gasoline, transportation (together with aviation and delivery) and challenge financing.
He commenced his skilled profession in 1991 with Oceanic Financial institution Plc. (now EcoBank Plc.).
Previous to becoming a member of FirstBank in 2016, he served as Chief Danger Officer at Coronation Service provider Financial institution Restricted, Chief Credit score Danger Officer at African Improvement Financial institution Group, and Group Head, Credit score Coverage and Deputy Chief Credit score Danger Officer at United Financial institution for Africa Plc.
He’s an alumnus of Harvard Faculty of Authorities and holds a bachelor’s diploma in Industrial Relations and Personnel Administration.
Alebiosu additionally obtained a grasp’s diploma in Worldwide Legislation and Diplomacy from the College of Lagos and holds a grasp’s diploma in Improvement Research from the London Faculty of Economics and Political Science.
He’s a member of assorted skilled our bodies, particularly, Fellow, Institute of Chartered Accountants (FCA), Affiliate, Nigeria Institute of Administration (ANIM), Chartered Institute of Bankers of Nigeria (CIBN), and Member, Nigeria Institute of Worldwide Affairs.
He’s a golfer and an adventurer who’s fortunately married with kids.