Wema Bank announces new deputy MD, executive director
By Oluwaseyi Lawal
Wema Bank, a trailblazer in Nigeria’s banking industry and the creator of Africa’s first fully digital bank, ALAT, has announced the appointment of a new Deputy Managing Director and an Executive Director.
These leadership changes, approved by the Board, reflect the bank’s focus on ensuring a seamless leadership transition. The appointments take effect on December 1, 2024, following the retirement of Deputy Managing Director, Mr. Oluwole Akinleye, on November 30, 2024.
Mr. Akinleye has been instrumental in Wema Bank’s growth and evolution, providing exceptional leadership in various roles over the last decade, including managing the Southwest Business, Corporate Banking, Customer Experience, and Corporate Sustainability. His visionary contributions have significantly advanced the bank’s strategic goals and market standing. The Board and management extended their gratitude for his outstanding service, acknowledging his pivotal role in the bank’s transformation journey.
To continue its legacy of strong leadership, Wema Bank has appointed Mr. Oluwole Ajimisinmi as the new Deputy Managing Director. Mr. Ajimisinmi, who joined the bank in 2009 as Company Secretary/Legal Adviser and became an Executive Director in 2020, brings a wealth of experience in corporate governance, strategic leadership, and banking. He is well-positioned to lead the bank into its next phase of innovation and growth.
Additionally, the bank has appointed Mr. Olukayode Bakare as Executive Director. A seasoned finance and treasury expert, Mr. Bakare has played a critical role in driving the bank’s Treasury, Wholesale Funding, and Global Trade Business. His extensive expertise will enhance the bank’s ability to deliver innovative financial solutions.
The Board highlighted that these appointments reflect Wema Bank’s dedication to fostering a leadership team equipped for the future. The bank expressed confidence in the abilities of Mr. Ajimisinmi and Mr. Bakare, noting that their experience, passion, and vision will drive Wema Bank to new heights, ensuring continued innovation and value creation for stakeholders.
With a commitment to delivering cutting-edge financial solutions through technology and innovation, Wema Bank is well-positioned to maintain its leadership in Nigeria’s financial sector.
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