Wema Bank Plc has appointed Moruf Oseni as its substantive Managing Director and Chief Executive Officer, effective April 1 2023. After serving in an acting capacity since January 1 2023, Oseni will succeed Ademola Adebise following approval by the Central Bank of Nigeria.
Oseni’s association with Wema Bank began in 2012 when he joined as an Executive Director. For the past four years he has been Deputy Managing Director, a role in which he demonstrated the capacity to lead the bank to greater heights as it continued to evolve into a financial powerhouse.
With more than 25 years of experience—over 16 years at senior and executive management levels—Oseni previously served as MD/CEO of MG Ineso, a principal investment and financial advisory firm. He has also held positions as Vice President at Renaissance Capital and Associate at Schroder Salomon Smith Barney/Citigroup Global Markets in London.
Oseni’s credentials include an MBA from the Institut European d’Administration des Affaires in France, a Master’s in Finance from London Business School, and a B.Sc. in Computer Engineering from Obafemi Awolowo University. He is also an alumnus of the Advanced Management Program at Harvard Business School and King’s College, Lagos.
In addition to Oseni’s appointment, the bank announced that the CBN approved the appointments of Wole Akinleye as Deputy Managing Director and Tunde Mabawonku as Executive Director. Akinleye previously served as Executive Director responsible for corporate banking and the South‑West business, while Mabawonku was the bank’s Chief Finance Officer.
The board expressed confidence that these new appointments will be crucial to the continued transformation and growth of Wema Bank, positioning it as a market leader in Nigeria’s banking industry through technology and innovation.
Comments are closed for this story.