Wema Bank Plc has announced the official takeover of Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective April 1, 2023.
Oseni took over from Ademola Adebisi who retired on March 31st, 2023. Adebisi retired from the bank having served meritoriously for over 13 years on the board of the bank.
It would be recalled that Wema Bank in a statement in December, 2022 had announced the appointment of Oseni as the MD/CEO which will be effective on April 1, 2023.
Announcing the appointment, the bank noted that the impeccable credentials of Oseni played a vital role in the decision making process.
The statement reads: “After serving in acting capacity since January 1, 2023, Oseni will be succeeding Ademola Adebise, following approval by the Central Bank of Nigeria (CBN).
“Oseni’s journey with Wema Bank began in 2012 when he joined as an Executive Director. Before his appointment as MD/CEO, he served as Deputy Managing Director for the last four years, a role where he demonstrated the capacity to lead the bank to even greater heights as it continues to evolve into a financial powerhouse.
“With over 25 years of experience, including more than 16 years at senior to executive management levels, Oseni was the MD/CEO of MG Ineso, a principal investment and financial advisory firm. He had also served as Vice President at Renaissance Capital and was an Associate at Schroder Salomon Smith Barney/Citigroup Global Markets in London.
“Oseni’s credentials speak for themselves, with an MBA from the Institut European d’Administration des Affaires (INSEAD) in France, a Master’s in Finance (MIF) from the London Business School, and a B.Sc. in Computer Engineering from Obafemi Awolowo University (OAU). He is also an alumnus of the Advanced Management Program (AMP) of the Harvard Business School and King’s College, Lagos.
“In addition to Oseni’s appointment, the CBN also approved the appointments of Wole Akinleye as Deputy Managing Director, and Tunde Mabawonku as Executive Director. Wole Akinleye previously served as the Executive Director in charge of Corporate Banking and the South-West Business, while Tunde Mabawonku served as the Bank’s Chief Finance Officer, “it added.
Oseni joined Wema Bank in June 2012 as an Executive Director. He has over 25 years of experience with more than 16 years at Senior and Executive Management levels. Prior to the latest appointment, he served as the Deputy Managing Director of the bank.
He led the bank as an Executive Director for 6 years and Deputy Managing Director for the last 4 years. He presently has responsibility for the Digital Optimization Directorate which includes – Digital, Retail, Treasury, Operations, and Technology Divisions.
He supervised the launch of ALAT – Nigeria’s 1st digital Bank that has received local and global awards and multiple accolades.
Before joining Wema Bank, Moruf was the CEO of MG Ineso Limited, a principal investment and financial advisory firm.
He earlier served as the Vice President at Renaissance Capital and an Associate at Salomon Brothers/Citigroup Global Markets in London.
