Wema Bank appoints Moruf Oseni as MD, Adebise retires

Wema Bank Plc has appointed Moruf Oseni as the Managing Director/Chief Executive Officer of the bank.

Oseni was until his appointment the Deputy Managing Director of Wema Bank.

His appointment followed the retirement of the bank’s Managing Director/CEO, Ademola Adebise.

The bank made this known via a statement on Friday.

It noted that Adebise will be proceeding on terminal leave from January 2, 2023, after over 13 years of service on the board of the bank.

Wema Bank also announced the appointment of Wole Akinleye, an Executive Director, as the Deputy Managing Director, and Tunde Mabawonku as the Executive Director.

Adebise was appointed as the Managing Director/Chief Executive Officer of Wema Bank Plc in June 2018.

He joined the bank in June 2009 as an Executive Director and rose to become the Deputy Managing Director in 2015.

Under his leadership, he expanded the bank’s footprints to other locations in Nigeria.

Adebise improved the performance of the ban and spearheaded the first dividend payment in 13 years.

Since then, he has ensured consistent dividend payment over the last four years.

On the other hand, 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.

Moruf Oseni was an Executive Director for six years and Deputy Managing Director for the last four years.

He presently has responsibility for the Digital Optimization Directorate which includes – Digital, Retail, Treasury, Operations, and the Technology Divisions.

Oseni is also the Executive Compliance Officer of Wema Bank.

He supervised the launch of ALAT – Nigeria’s first digital bank that has received local and global awards and multiple accolades.

Before joining Wema Bank, Moruf Oseni was the CEO of MG Ineso Limited, a principal investment and financial advisory firm.

Prior to MG Ineso, Oseni was a Vice President at Renaissance Capital, and an Associate at Salomon Brothers/Citigroup Global Markets in London.

The Star

Segun Ojo