First Bank of Nigeria Limited has confirmed the appointment of Olusegun Alebiosu as the substantive managing director (MD) and chief executive officer (CEO) of the bank.
First Bank of Nigeria Limited, the commercial banking division of the financial services group, has announced the appointments of Olusegun Alebiosu, Ini Ebong and Omotunde Alao-Olaifa as managing director/CEO, deputy managing director and non-executive director, respectively.
The appointments followed the approval of the board and the
Central Bank of Nigeria, FBN Holdings said in a regulatory filing.
Mr Alebiosu has been functioning in an acting capacity since
21 April after Adesola Adeduntan resigned from the top management role.
Olusegun Alebiosu
Mr Alebiosu holds a Bachelor’s degree in Industrial
Relations & Personnel Management and a Master’s degree in International Law
and Diplomacy from the University of Lagos.
He also holds a master’s in Development Studies from the
London School of Economics and Political Science.
An alumnus of Harvard Business School and Harvard School of
Government, he began his professional career 1991 at the defunct Oceanic Bank.
He served as the group head of credit policy and product
programmes at the United Bank for Africa between 2006 and 2011, after which he
took the role of chief credit risk at the African Development Bank.
Mr Alebiosu previously headed the risk management unit of
Coronation Merchant Bank until 2015. He became the group executive/chief risk
officer of First Bank in 2016 before being promoted to the position of
executive director, chief risk officer and executive compliance officer, which
he held between January 2022 and April 2024.
Ini Ebong
Mr Ebong holds a Bachelor’s and a Master of Science degrees
in Architecture from the University of Ife (now Obafemi Awolowo University).
He worked at Citigroup for 14 years as country treasurer and
sales & business head.
His 20-year banking experience encompasses expertise in
asset & liability management, treasury products, treasury sales &
marketing and treasury risk management.
Mr Ebing was the head of African Fixed Income and Local
Markets Training at Renaissance Securities Nigeria Limited, the
Nigeria-registered subsidiary of Renaissance Capital, before joining First
Bank.
He served as First Bank’s treasurer between 2011 and 2016,
later becoming the group executive of treasury and international banking before
his new appointment.
Omotunde Alao-Olaifa
Mr Alao-Olaifa currently holds the position of group chief
financial officer at Leadway Insurance at Leadway Holdings with
responsibilities including corporate finance, strategy and principal investment
across the group. He is a board member of Leadway Pensure PFA and C&I
Leasing.
His broad experience spans capital raising, acquisition
planning, project financing, debt restructuring, asset management and deal
structuring.
He was formerly an assistant manager in the corporate
banking division of Fidelity Bank and also an associate, investment banking at
Lionstone Group.
Mr Alao-Olaifa is an alumnus of the University of Ibadan,
where he holds a bachelor’s degree in Political Science and LPan Atlantic
University, where he holds a master’s in Pan Atlantic University, and
strategy).
He has attended senior executive programmes at Harvard
Business School and London Business School.