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Adebise Assumes Office as MD/CEO of Wema Bank

By Dipo Olowookere

After acting as the Managing Director of Wema Bank Plc since July 2018, Mr Ademola Adebise will finally resume office as the MD/CEO of the financial institution from Monday, October 1, 2018.

This followed the retirement of Mr Segun Oloketuyi in September 2018 after proceeding on a terminal leave in July 2018.

Prior to this appointment, Mr Adebise was the Deputy Managing Director of Wema Bank, a role he held since January 2017.

A statement issued by the lender disclosed that the new MD/CEO has been part of the bank’s executive management team since 2009 and has played a pivotal role in the execution of the strategic turnaround plan of Wema Bank.

Also, Wema Bank has announced the appointment of Mr Moruf Oseni as its Deputy Managing Director from October 1, 2018.

The financial institution said both the appointments of Mr Adebise and Mr Oseni have been ratified by the Central Bank of Nigeria.

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“In Ademola and Moruf, the Bank has two financial veterans with a wealth of experience in senior executive positions across a wide range of countries,” said Mr Babatunde Kasali, the Chairman of Wema Bank.

“With their proven track record in the financial services sector, the Board is confident that their appointments will lead to the continued transformation of the Bank as it positions itself as a market leader in Nigeria’s retail banking segment through technology and innovation,” he added.

Mr Adebise has over 28 years’ experience in the banking and has worked in various capacities in Information Technology, Financial Control & Strategic Planning, Treasury, Corporate Banking, Risk Management and Performance Management.

It was disclosed that before joining Wema Bank Plc, Mr Adebise was the Head, Finance and Performance Management Practice at Accenture (Lagos Office), where he led multiple successful projects for banks in Business Process Re-engineering, Information Technology and Risk Management.

Mr Adebise is an alumnus of the Advanced Management Program (AMP) of the Harvard Business School and a holder of a bachelor’s degree in Computer Science from the University of Lagos.

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He also holds a Master of Business Administration (MBA) from the Lagos Business School.

On his part, Mr Moruf Oseni, the new Deputy Managing Director of Wema Bank, since joining the bank Board in 2012, has contributed immensely to the growth of the bank’s retail business.

Until his appointment, he was the Executive Director in charge of Retail business and ALAT, the Nigeria’s first digital bank.

Mr Moruf Oseni brings a wealth of banking and non-banking experience to his new role.

Before joining Wema Bank, Mr Oseni was the CEO of MG Ineso Limited, a principal investment and financial advisory firm with interests in various sectors of the economy.

Prior to his time at MG Ineso, he was a Vice President at Renaissance Capital, where he was responsible for debt capital markets (DCM), equity capital markets (ECM) and structured finance origination and execution for sub-Saharan African corporates and financial institutions.

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He was also an Associate at Salomon Brothers/Citigroup Global Markets in London and New York where he was involved in credit market origination and execution for European financial institutions.

He commenced his career as an IT officer with Nigeria Liquefied Natural Gas Company (NLNG) and holds an MBA from the prestigious Institut European d’Administration des Affaires (INSEAD) in France, a master’s in finance (MiF) from London Business School, London and a BSc. in Computer Engineering from Obafemi Awolowo University (OAU), Ile-Ife, Nigeria.

He is also an alumnus of King’s College, Lagos and a member of the Institute of Directors (IoD), an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (CIBN) and a member of Nigerian Institute of Management (NIM).

He serves on the board of Continental Broadcasting Services Limited and is a member of the Lagos State Economic Advisory Committee.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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