Moruf Oseni has been appointed as the substantive Managing Director and Chief Executive Officer of Wema Bank Plc, effective April 1, 2023. Following approval from the Central Bank of Nigeria (CBN), Oseni will succeed Ademola Adebise, who has been acting since January 1, 2023.
Oseni began his career with Wema Bank in 2012 as an Executive Director. He served as Deputy Managing Director for the last four years before being appointed MD/CEO, where he demonstrated the ability to lead the bank to even greater heights as it continues to evolve into a financial powerhouse.
Oseni was the MD/CEO of MG Ineso, a principal investment and financial advisory firm, with over 25 years of experience, including more than 16 years at senior to executive management levels. He was also a Vice President at Renaissance Capital and a London Associate at Schroder Salomon Smith Barney/Citigroup Global Markets.
With an MBA from the Institut European d’Administration des Affaires (INSEAD) in France, a Masters in Finance (MIF) from the London Business School, and a B.Sc. in Computer Engineering from Obafemi Awolowo University (OAU), Oseni’s credentials speak for themselves. He is also a graduate of the Harvard Business School’s Advanced Management Program (AMP) and King’s College, Lagos.
The CBN also approved the appointments of Wole Akinyele as Deputy Managing Director and Tunde Mabawonku as Executive Director, in addition to Oseni. Wole Akinleye was previously the Executive Director in charge of Corporate Banking and South-West Business, and Tunde Mabawonku was the Bank’s Chief Finance Officer.
The Board of Directors is confident that these new appointments will be critical to the Bank’s ongoing transformation and growth as it positions itself as a market leader in Nigeria’s banking industry through technology and innovation.