Wema Bank confirms Adebise as MD/CEO

Wema Bank Plc has said the appointment of Mr Ademola Adebise as the Managing Director/Chief Executive Officer has been confirmed following the retirement of Mr Segun Oloketuyi in September.

The bank said in a statement on Sunday that Adebise was initially appointed in acting capacity in July after Oloketuyi proceeded on terminal leave.

It said after serving in acting capacity for three months, Adebise would assume the new role today (Monday).

The statement read in part, “Adebise 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 the bank.

“Before joining Wema Bank, 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.”

According to the statement, Moruf Oseni has also been appointed as the bank’s deputy managing director, with effect from October 1, 2018.

It said since joining the bank’s board in 2012, Oseni had contributed immensely to growing its retail business.

The statement added that until his appointment, Oseni was the executive director in charge of retail, managing assets, including ALAT, Nigeria’s first digital bank.

The lender said both appointments had been ratified by the Central Bank of Nigeria.

The Chairman, Wema Bank, Babatunde Kasali, described Adebise and Oseni as finance veterans with a wealth of experience in senior executive positions across several countries.

He said with their proven track records in the financial services sector, the board was confident that their appointments would lead to the continued transformation of the bank as it positioned itself as a market leader in Nigeria’s retail banking segment through technology and innovation.