CBN approves Oseni as new MD Wema Bank
Wema Bank Plc in a statement been released has announced Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective from April 1, 2023.
While briefing, it was noted that, after serving in acting capacity since January 1, 2023, Oseni will be succeeding Ademola Adebise, following approval by the Central Bank of Nigeria (CBN).
Oseni’s journey with Wema Bank began in 2012 when he joined as an Executive Director. Before his appointment as the MD/CEO, he previously served as Deputy Managing Director for the last four years, a role where he demonstrated the capacity to lead the bank to even greater heights as it continues to evolve into a financial powerhouse.
However, Moruf Oseni with over 25 years of experience, including more than 16 years at senior to executive management levels, Furthermore, he was 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.
Oseni’s credentials speak for themselves, with 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.
In addition to Oseni’s appointment, the CBN also approved the appointments of Wole Akinleye as Deputy Managing Director, and Tunde Mabawonku as Executive Director. Wole Akinleye previously served as the Executive Director in charge of Corporate Banking and the South-West Business, while Tunde Mabawonku served as the Bank’s Chief Finance Officer.
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.
According to the bank, it was stated that all appointments are effective from April 1, 2023.
