First Bank has new executive directors


The board of directors of FBN Holdings Plc on Wednesday announced the appointment of three executive directors for its commercial banking arm, First Bank Nigeria Limited.

He has appointed Olusegun Alebiosu as Executive Director, responsible for Risk Management and Compliance, while Olusegun Adewuyi will assume the role of Executive Director, Corporate Bank.

Ini Ebong will serve as Executive Director, Treasury and International Bank.

FBN Holdings Plc said so in a statement to the Nigerian Exchange Limited (NGX) signed by its Secretary General, Seye Kosoko.

He said the nominations are subject to the approval of the Central Bank of Nigeria.

Mr. Alebiosu had been Group Executive and Chief Risk Officer of FirstBank Group since 2016.

In addition, he was the credit manager of the African Development Bank Group (AfDB). He previously worked for United Bank for Africa Plc, the now defunct Omega Bank Plc, Peak Merchant Bank as well as Oceanic Bank Plc.

Mr. Alebiosu is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), Associate of the Nigerian Institute of Management, Fellow of the Chartered Institute of Bankers of Nigeria and of the Nigerian Institute of International Affairs.

Mr. Adewuyi was Group Director, Corporate Banking at FirstBank, where he was responsible for the corporate banking activities of the bank following the departure of the former Executive Director.

He is a banker with over 20 years of experience in sub-Saharan Africa. Prior to joining FirstBank, he worked at JP Morgan, where he was Managing Director and leading its business in Nigeria for eight years. He worked at Standard Bank, London for about five years and graduated as a Chartered Accountant.

Mr. Ebong was the group director in charge of treasury and international banking at FirstBank. He was also responsible for the Structured Trade and Commodity Finance activity.

Mr. Ebong is a qualified architect with a BSc and MSc in Architecture from the University of Ife.

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