Following the approval of the Central Bank of Nigeria, Access Bank Plc has confirmed the appointment of Mr. Seyi Kumapayi and Mrs. Omosalewa Fajobi as Executive Director and Non-Executive Director respectively.
This is contained in a press release signed by the bank’s secretary, Sunday Ekwochi, as seen by Themoneymetrics.
What you should know
Mr. Seyi Kumapayi was appointed as Executive Director, African Subsidiaries. He has been the Group Chief Financial Officer of Access Bank Plc since 2008. He is an expert with over 20 years’ experience in banking cutting across strategy, treasury, finance and risk management.
He also worked with other financial institutions such as First City Monument Bank Limited and Guaranty Trust Bank.
Mr. Kumapayi is an alumnus of University of Lagos and University of Ibadan, where he obtained a Master’s degree and Bachelor’s degree in Mechanical Engineering and Agricultural Engineering respectively. He also attended the prestigious Harvard Business School and completed several Executive Management Development programmes in leading institutions including INSEAD, IMD and London Business School.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), and a member of the Global Association of Risk Professionals (GARP), the Chartered Institute of Taxation ofNigeria (CITN) and the Chartered Institution of Bankers of Nigeria (CIBN). He is a board member of the Ogun State Security Trust Fund.
On the other hand, Mrs. Omosalewa Fajobi has been appointed as a Non-Executive Director. She is an experienced legal luminary, and has worked in various sectors such as the financial, investment and legal services industry.
She is currently an Operating Director at Tengen Family Office Ltd. Her area of expertise includes: negotiation, business risk management and financial analysis.
Between May 2014 and June 2017, Mrs. Fajobi worked with International Finance Corporation as project lead (Nigeria) Africa Corporate Governance Programmes. She also worked as Legal Counsel at the defunct Oceanic Bank from 2006- 2010 andAccess Bank Plc from 2004-2006.
She is an alumna of the prestigious University of London and University of Lagos, where she obtained LLM Degree (Merit) with specialization in Corporate and Commercial Law and Bachelor’s degree in Law respectively. She is a member of the Nigerian Bar Association.
What they are saying
Commenting on these appointments, the bank’s Chairman, Dr. (Mrs.) Ajoritsedere Awosika, MFR said:
“We are very delighted to welcome the new appointees to the Board of Access Bank. These individuals have been chosen based on their exceptionally rich blend of professional, academic and corporate board experiences which are all relevant to the needs of our Board.
“We are strongly convinced that their skills will no doubt add significant value to our quest to become Africa’s Gateway to the World and the World’s Most Respected African Bank.”
FSI appoints 8 new members to its board
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.
Wema Bank announces the appointment of 2 new directors
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).
Greenwich Merchant Bank appoints Bayo Rotimi as MD/CEO
Bayo Rotimi has been appointed the new MD/CEO of Greenwich Merchant Bank.
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.