By Cynthia Ezekwe
Wema Bank plc has announced the appointment of Moruf Oseni, as its new managing director/chief executive officer, subject to the approval of the Central Bank of Nigeria (CBN),following the retirement of Ademola Adebise.
Oseni joined Wema Bank in June 2012 as an executive director, with more than 16 years of experience at senior and executive management levels.
Before joining Wema Bank, he served as the CEO of MG Ineso Limited, a principal investment and financial advisory firm. He also held the position of vice president at Renaissance Capital, and an Associate at Salomon Brothers/Citigroup Global Markets in London.
Prior to his recent appointment, he served as an executive director for six years and deputy managing director in the last four years, where he displayed outstanding qualities of a good leader. He was also the executive compliance officer of the bank, saddled with the responsibility of the bank’s digital optimization directorate which encompasses the digital, retail, treasury, operations, and the technology divisions.
Oseni holds an MBA degree from the Institut European d’Administration des Affaires (INSEAD) in France, a Masters in Finance (MiF) from the London Business School and a B.Sc. in Computer Engineering from Obafemi Awolowo University (OAU), Ile-Ife, Nigeria. He is also an alumnus of both the Advanced Management Program (AMP) of the Harvard Business School and King’s College, Lagos.
Adebise, who preceded Oseni, will have his appointment completed and retire on 2 January 2023, having served for 13 years as a member of the board of Wema Bank.
He joined the bank in June 2009 as an executive director and become the deputy managing director in 2015, after which he was appointed the managing director/chief executive officer of Wema Bank Plc in June 2018