Olusegun Alebiosu named acting Chief Executive of FBN

Olusegun Alebiosu named acting Chief Executive of FBN

FBN Holdings Plc has named Mr Olusegun Alebiosu as acting Chief Executive of the First Bank of Nigeria Limited (FirstBank), its flagship subsidiary.

This is coming after the recent resignation of the bank’s Managing Director/Chief Executive, Dr Adesola Adeduntan.

This is contained in a statement to the Nigerian Stock Exchange, signed by the holdings’ acting Company Secretary, Adewale Arogundade.

It said the appointment taking immediate effect would be subject to the approval of the Central Bank of Nigeria (CBN).

The statement added that the announcement was in accordance with the Rulebook of The Exchange (Issuers’ Rules), which required that the Nigerian Exchange Limited and the investing public be duly notified of such development.

Alebiosu was an Executive Director/Chief Risk Officer who jointly led the transformation of FirstBank over the past eight years, and was an integral member of the team under the previous CEO’s leadership.

He joined FirstBank in 2016 and has over three decades of banking experience.

“The Board of Directors expressed gratitude to Adeduntan for his exemplary leadership in the last nine years during which he superintended the transformation and growth of the bank and wish him well in his future endeavours,” the statement added.

The new acting First Bank CEO commenced his professional career in 1991 with Oceanic Bank Plc (now EcoBank Plc).

Prior to joining FirstBank in 2016, he had served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group, and Group Head, Credit Policy and Deputy Chief Credit Risk Officer at United Bank for Africa Plc.

He is an alumnus of Harvard School of Government and holds a bachelor’s degree in Industrial Relations and Personnel Management.

Alebiosu also obtained a master’s degree in International Law and Diplomacy from the University of Lagos and holds a master’s degree in Development Studies from the London School of Economics and Political Science.