Adenowo becomes SCB Nigeria’s CEO
By Oghale Mafuru
Standard Chartered has announced the appointment of Olukorede Adenowo (K.O) as Chief Executive Officer, Standard Chartered Bank Nigeria Limited, effective from 1st April. His appointment is in line with initiatives to sustain the company’s growth trajectory across different segments of the Nigerian market.
According to the company, this appointment as CEO comes after he served as Executive Director, Corporate, Commercial and Institutional Banking business in Nigeria where he was responsible for driving and implementing the Bank’s business strategy for its corporate clients.
Mr. Adenowo, who brings with him more than three decades experience, was the Chief Executive Officer for Standard Chartered Bank, The Gambia with dual responsibility for managing the Bank’s business interest in Senegal after having served as a Non-Executive Director of the Bank in Sierra Leone and also served as a Non-Executive Director on the Board of Standard Chartered Gambia.
He was a founding staff of Standard Chartered Bank in Nigeria and has held key positions in Standard Chartered Bank Group in the last 24 years having served as Head of Origination and Client Corporates for Standard Chartered, West Africa; Deputy Managing Director of Standard Chartered Bank Cameroon and a senior management executive in the Wholesale Bank in Standard Chartered Nigeria.
As a pioneer staff, he was responsible for building half of the bank’s corporate banking portfolio from 1999 to 2006. He has acquired extensive expertise and trust within the corporate world as a thought leader, trusted adviser and providing Transaction Banking, Commercial Banking, Financial Markets and Corporate Finance solutions with Standard Chartered and two local Nigerian banks.
He has worked closely with several Banks and Governments across the region i.e. Cameroon, Gabon, Senegal, Ghana, and most recently Nigeria in advising them on accessing international capital markets and ultimately improving the banks visibility in the Public Sector for business success and growth in an increasingly stringent regulatory environment. He was also appointed the first Regional Head of Global Corporates for Standard Chartered Africa where he led the Africa Multinational business.
An Economist turned Chartered Accountant; he was appointed Fellow of the Institute of Chartered Institute Accountants of Nigeria in 2000. He is an alumnus of INSEAD and Said Business School of Oxford University where he had management training in Leadership and holds an MBA from the Lagos Business School.
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