By Modupe Gbadeyanka
An experienced banker, Mr Banjo Adegbohungbe, has been appointed by board of directors Coronation Merchant Bank Limited as an Executive Director and Chief Operating Officer of the firm.
Mr Adegbohungbe is a seasoned banker with over 25 years of banking experience, covering various aspects of banking including Technology, Payments, International Trade, Fixed Income, Loans, Process Improvement and Product Management.
With his new role, the appointee will be responsible for the Operations; Information Technology; Digital Channels and Administrative Divisions of the bank and its subsidiaries.
Coronation Merchant Bank group was established to fill the gap in a long-undeserved market segment, seeking to address the need for long term capital across key sectors of the economy.
It offers Investment and Corporate Banking; Private Banking/Wealth Management and Global Markets/Treasury Services to its diverse clients.
Furthermore, the lender offers Securities Trading/Brokerage, Asset Management and Trustees services via its subsidiaries; Coronation Securities Limited, Coronation Asset Management Limited and Coronation Trustees Limited respectively.
Commenting on the appointment of Mr Adegbohungbe, Chairman of Coronation Merchant Banking Group, Mr Babatunde Folawiyo, stated that, “As a Bank, we maintain high corporate governance standards and ensure that Board appointments are in line with global best practices and industry standards.”
He further stated that, “Banjo brings to us a rich portfolio of experience garnered over the years in various leadership capacities.
“He could not have joined us at a more promising time in our journey to become Africa’s premier investment bank. I am confident his appointment will further strengthen and position the group for improved performance.”
Before joining Coronation Merchant Bank, Mr Adegbohungbe served for over 11 years at Access Bank Plc in various leadership capacities including Group Head, Global Trade; Group Head, Global Payments and most recently Group Head, Corporate Operations.
He began his career in Citibank Nigeria (formerly Nigeria International Bank Ltd) in April 1993 and rose through the ranks to become an Assistant General Manager in charge of the bank’s Trade Operations, a position he occupied before joining Access Bank in March 2007 as a Deputy General Manager.
In 2011, he was promoted to General Manager, a position he held until his recent appointment as Executive Director/Chief Operating Officer of Coronation Merchant Bank.
Mr Adegbohungbe holds an MBA from the International Institute for Management (IMD), Switzerland and is an alumnus of Obafemi Awolowo University, Ife where he earned a B.Sc. in Mechanical Engineering.
He is an Honorary Senior Member of the Chartered Institute of Bankers and has also attended several executive management and banking specific developmental programs in leading educational institutions around the world.
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