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First Bank Group Appoints Olu-Korede Adenewo as M.D FBN UK

First Bank Group has announced the appointment of Mr. Olu- Korede Adenewo as MD/Chief Executive Officer of First Bank UK.

This was made known in a press statement issued by the financial giant.

The statement said that the appointment is effective from November 16, 2023 and is subject to regulatory approval.

The Bank managent stated that Adenewo has demonstrated exceptional leadership, strategic vision and a deep understanding of the global financial landscape, and “brings a wealth of experience, built by a proven track record of success in the banking industry across several countries.”

According to the statement Adenewo
has served as the Chief Executive Officer of Standard Chartered Bank Nigeria prior to his new appointment.

” He joined the Corporate Banking sector of the Bank in 1999. During his illustrious career, he held key positions, including MD/CEO of Stardard Chartered Bank, Gambia, Deputy MD/CEO of Standard Chartered Bank, Cameroon and MD of Corporate Commercial and Institutional Banking for Standard Chartered Bank Nigeria and West Africa.

” The newly appointed CEO has also served as a Non-Executive Director of Standard Chartered Bank, Gambia and Standard Chartered Bank, Sierra Leone, accumulating over 13 years of invaluable experience as a Board member within the Chartered Bank Group; the statement added.

“On behalf of the Board, Management, and staff of First Bank Group, we are excited to welcome Olukorede Adenewo to the First Bank family.

“With his wealth of experience, we are confident that he is the perfect fit to lead First Bank UK into its next phase of growth and development,” said Dr. Adesola Adeduntan, CEO First Bank Group.

Adenewo started his career at Deloitte Nigeria, qualifying as a Chartered Accountant in 1991. He became a Fellow of the Institute of Chartered Accountants of Nigeria in 2003 and received a Distinguished Alumnus award from Deloitte Nigeria in 2015.

He is an alumnus of INSEAD and Said Business School, Oxford University, where he underwent management training in Leadership. He holds an MBA from Lagos Business School.

First Bank UK is the international banking arm of First Bank of Nigeria Limited. It is a licensed bank in the United Kingdom authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA.

About the author

Joseph Chukwuma Oputa

Joseph Chukwuma Oputa is the Managing Editor of Maslow Businessnews and Physicians News publications published by Maslow Business News Publications, Lagos, Nigeria.

Joseph Oputa is a proud Alumnus of the prestigious Nigerian Institute of Journalism, Lagos and Federal Polytechnic, Bida, Niger State.

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