FBN Holdings Names Wale Oyedeji Group Managing Director

Adebowale (Wale) Oyedeji, Group Managing Director

FBN Holdings Plc has announced the appointment of Adebowale (Wale) Oyedeji as the Group Managing Director (GMD) with effect from November 13, 2024. In a regulatory filing on the Nigerian Exchange, the board said Oyedeji appointment is subject to the approval of the Central Bank of Nigeria and ratification of the Shareholders at the Annual General Meeting of the Company.

Wale is expected to replace Nnamdi Okonkwo who will be retiring from the Company after the completion of his term. The group told the Nigerian Exchange that Wale holds a Bachelor of Science in Agricultural Economics from the University of Ibadan and a Master of Science in Financial Economics from the University of London.

FBN Holdings said Wale is a Fellow of the institute of Chartered Accountants of Nigeria (ICAN) and an alumnus of the Advanced Management Program of Harvard Business School.

According to the official statement, he has over 30 years of banking experience across Corporate Banking, Treasury, Commercial Banking and General Management. He served as Managing Director of Guaranty Trust Bank UK between 2008 and 2011.

He was appointed to the Board of Guaranty Trust Bank Pic in October 2011, where he served as Executive Director for the Corporate Banking Group and contributed immensely to the growth and transformation of the Business. Wale also served as an Independent Non-Executive Director of Stanbic IBTC Bank,

Prior to his appointment as the GMD of FBN Holdings, Wale has been the MD/CEO of Nova Commercial Bank and contributed to the Institutions’ conversion to a Commercial Bank as well as its foray into Retail Banking.

He began his early career with the firm of Ernst & Young where he initially trained as an Accountant, At FBN Holdings.  Wale would lead the Executive teams at the Holdco and the various subsidiaries to implement its new 5-year Strategic plan.

Speaking on this appointment, Mr. Femi Otedola, CON, the Group Chairman of FBN Holdings, commented that the Board and welcome Wale Oyedeji to the Holdco and looking forward to him building on the solid foundation of 130-year-old franchise and sustaining its undisputed leadership position.” NOVA Bank Begins National Commercial Banking Operations