FBN Holdings Appoints Wale Oyedeji as New Group Managing Director
FBN Holdings Plc, one of Nigeria’s leading financial institutions, has announced the appointment of Adebowale Wale Oyedeji as its new Group Managing Director (GMD), effective November 13, 2024.
Oyedeji, a seasoned banker with over three decades of experience, will replace Nnamdi Okonkwo, who is set to retire after completing his term. His appointment is subject to regulatory approval and ratification by shareholders.
With a strong academic background and a proven track record in the banking industry, Oyedeji is expected to bring valuable leadership and expertise to FBN Holdings. He previously served as Managing Director/CEO of Nova Commercial Bank and held key positions at Guaranty Trust Bank and Stanbic IBTC Bank.
- Oyedeji’s academic background includes a Bachelor of Science degree in Agricultural Economics from the University of Ibadan and a Master of Science in Financial Economics from the University of London.
- He is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an alumnus of the prestigious Advanced Management Program at Harvard Business School.
- His career spans significant leadership roles, including serving as Managing Director of Guaranty Trust Bank UK between 2008 and 2011, and as an Executive Director for the Corporate Banking Group of Guaranty Trust Bank Plc.
- He also held a position as an Independent Non-Executive Director at Stanbic IBTC Bank, further solidifying his expertise in the banking sector.
- At FBN Holdings, Oyedeji will lead the implementation of the company’s new 5-year strategic plan, overseeing operations at both the Holdco and its various subsidiaries.
Speaking on his appointment, the Group Chairman of FBN Holdings, Mr. Femi Otedola, CON, said,
“The Board is pleased to welcome Wale Oyedeji to the Holdco and looks forward to him building on the solid foundation of our 130-year-old franchise and sustaining its undisputed leadership position.”
Oyedeji’s appointment comes as part of a series of leadership changes at FBN Holdings, reflecting the company’s commitment to strategic growth and innovation.
