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APPOINTMENTS

Access Bank Plc appoints Hassan M.T Usman as director

Prior to his new appointment, Usman was the MD/Chief Executive Officer of Aso Savings and Loans Plc.

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Access Bank Plc has introduced the appointment of Mr Hassan M.T Usman, as an Independent Non-Executive Director of the bank, following the approval of the Central Bank of Nigeria.

Mr. Usman is the Founder/Chief Executive Officer of New Frontier Development Limited, an funding corporation centered on economic advisory, hospitality, actual property and proprietary investments in startups and challenged agencies withinside the SME space. He is likewise the Founder/Chairman of the Board of Trustees of the Al-Qalam (Pen) Foundation, a Non-for-Profit Organization that gives instructional possibilities to deprived children.

Prior to his new appointment, he become the Managing Director/Chief Executive Officer of Aso Savings and Loans Plc and an Executive Director at Abuja Investment and Property Development Company Limited. He become at diverse instances the Deputy Director and Head of Petrochemicals and Gas Unit, Transport Sector Reform Team in addition to the Deputy Director Telecoms Reform Lead and Head NITEL Privatization on the Bureau of Public Enterprises. He had additionally labored with the Central Bank of Nigeria, Arthur Andersen and CitiBank Nigeria.

Usman holds a Bachelor of Arts Degree in Economics from the University of Sussex and a Master of Philosophy in Development Economics from the University of Cambridge. He is a Fellow of the Institute of Chartered Accountants in England and Wales. He is likewise an Eisenhower Fellow and Archbishop Desmond Tutu Fellow of the African Leadership Institute.

Over the years, Usman served as a member of the Board of Directors of the Nigeria Sovereign Investment Authority, Nigeria Mortgage Refinance Company and Council of the Nigerian Stock Exchange.

While commenting on Usman’s appointment, the Chairman of Access Bank Plc, Ajoritsedere Awosika said, ‘’We are delighted to be joined by Mr Hassan M.T. Usman, a leader with a rich blend of academic, entrepreneurial and public sector experience which are all relevant to the needs of our Board.’’

‘’As we embark on the next phase of our enterprise transformation, we continue to strengthen the diversity of our board, we are strongly convinced that he will no doubt add significant value to our quest to become Africa’s Gateway to the World.’’

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APPOINTMENTS

FSI appoints 8 new members to its board

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Financial Services Innovators has appointed eight new personalities into its Board of Trustees, as part of its efforts to make Nigeria a global leader in innovative technology-driven financial services.

This was confirmed in a statement issued and signed by the Executive Director of FSI, Aituaz Kola-Oladejo, on Saturday in Lagos.

He said, “The trustees will bring their wealth of expertise to the board to help build, support and grow a collaborative and innovative ecosystem of players in the financial services space.”

The newly appointed trustees are the representatives of the Committee of e-Business Industry Heads (CeBIH) and Head of Card and Messaging Business at First Bank of Nigeria Limited, Folasade Femi-Lawal; Co-founder/Chief Executive of Co-Creation Hub, Bosun Tijani; and Principal of Flourish Ventures, Efayomi Carr.

Others are Co-founder/Chief Operating Officer of Digital Encode Limited, Adewale Obadare; Co-founder of Domineum Blockchain Solutions, Mohammed Jega; Divisional Head of Business Services and Client Experience/Executive Committee member at Central Securities and Clearing System, Onome Komolafe; Founder/Chief Executive Officer of Capricorn Digital Limited, Dee Abudu; and Co-founder of LoftyInc Allied Partners Limited, Wole Odetayo.

According to the statement, FSI is a shared infrastructure for the financial services industry to foster innovation and support startups.

“The organisation is passionate about driving innovation in the financial services industry and in providing financial and economic development services,” Kola-Oladejo said.

What you should know

FSI is governed by a BoT, which comprises representatives from the Nigeria Inter-Bank Settlement System, a non-executive director of a foremost financial institution and the fintech community, the statement added.

A non-profit organisation, FSI aims to lower barriers to entry, promote a level playing field for innovators without undermining the safety and security of the payment system for the general public, while advocating policies that encourage innovation in the fintech community.

Femi-Lawal, a senior executive and digital payment expert, has more than 25 years’ experience spanning retail banking, business advisory services, and telecoms.

Tijani, an innovation expert, holds a masters’ degree in Information Systems and Management. He is concluding his doctoral degree programme in Innovation Systems, while Carr holds an MBA from Harvard Business School.

Obadare is a cyber-security expert, and has a portfolio of awards, and Jega has over 18 years’ experience in projects.

Komolafe, who holds an MBA, brings to bear the professional experience she garnered from leadership and service delivery in various organisations.

Abudu’s experience includes over 15 years in corporate finance, mergers and acquisitions, and project finance in the United Kingdom, United States and African capital markets.

Odetayo is passionate about birthing social change in Africa through Information Technology, innovation, research and entrepreneurship.

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APPOINTMENTS

Wema Bank announces the appointment of 2 new directors

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Wema Bank Plc has announced the appointment of Prince Olusegun Adesegun and Mr. Adeyemi Adefarakan as Non-Executive Directors, with effect from July 19, 2021.

This disclosure is contained in a notification which was sent by Wema Bank to the Nigerian Exchange Group Limited (NGX), esteemed shareholders and other stakeholders, signed by the Company Secretary, Johnson Lebile.

According to the notice, the appointments of Prince Olusegun Adesegun and Adeyemi Adefarakun have both been approved by the Central Bank of Nigeria (CBN).

 

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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 Themoneymetrics.

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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