First Financial institution of Nigeria (FBN) has appointed Olusegun Alebiosu as its appearing managing director with impact from April, 2024.
The Financial institution acknowledged this in a launch signed by its appearing firm secretary, Adewale Arogundade.
Alebiosu takes over from Adesola Adeduntan, who gave up the function abruptly on Saturday despite the fact that he was resulting from full his tenure in December, 2024.
The discharge acknowledged that, “following the resignation of the managing director/CEO of FirstBank, Dr. Adesola Adeduntan, the Board of Administrators has appointed Olusegun Alebiosu because the appearing CEO of the 130-year-old establishment.
“The appointment takes impact instantly and is topic to the approval of the Central Financial institution of Nigeria.”
The discharge acknowledged that Alebiosu was till this appointment the chief director, chief danger officer and government compliance officer since January 2022. Previous to that, he was the Group government/ chief danger officer, a place he held since 2016.
“Alebiosu brings to the chief administration of FirstBank over 28 years’ expertise within the banking and monetary companies business with cross-functional publicity to Credit score danger administration, Monetary planning and management, Credit score and advertising, Commerce, Company and industrial banking, Agriculture financing, Oil and Gasoline, Transportation (together with Aviation and Delivery) and Venture financing.”
It added that the brand new appearing MD/CEO commenced his skilled profession in 1991 with Oceanic Financial institution Plc (now EcoBank) and previous to becoming a member of FirstBank in 2016 served as Chief Threat Officer at Coronation Service provider Financial institution Restricted, Chief Credit score Threat Officer at African Growth Financial institution Group and Group Head, Credit score Coverage & Deputy Chief Credit score Threat Officer at United Financial institution for Africa Plc.
“He’s an alumnus of Harvard College of Authorities and holds a Bachelor’s diploma in Industrial Relations and Personnel Administration. He additionally obtained a Grasp’s diploma in Worldwide Legislation and Diplomacy from the College of Lagos and holds a Grasp’s diploma in Growth Research from the London College of Economics and Political Science.
“He’s a member of varied skilled our bodies particularly, Fellow, Institute of Chartered Accountants (FCA), Affiliate, Nigeria Institute of Administration (ANIM), Chartered Institute of Bankers of Nigeria (CIBN) and Member, Nigeria Institute of Worldwide Affairs,” the assertion added.