Olufemi Adeyemi

The Central Bank of Nigeria has sanctioned the appointment of Bayo Ajayi as the new chief executive officer of Rand Merchant Bank Nigeria.

As stated in a bank release, Ajayi, who previously served as an executive director and chief financial officer, brings over 25 years of extensive experience in the banking industry throughout Nigeria and Africa.

He expressed his dedication to economic development and sustainability, remarking, “It is a privilege to assume this role at such a crucial time for RMB Nigeria. My team and I are committed to collaborating closely with our resilient clients to promote economic growth.”

Bayo Ajayi brings extensive expertise to his new position, having served as Executive Director and Chief Financial Officer at RMB Nigeria. With a career that spans 25 years in various leadership roles within the banking industry across Nigeria and Africa, he has a proven track record of delivering results. The Board is confident in his capacity to support the bank in achieving its strategic goals.

Bayo earned a B.Sc. in Chemical Engineering from Obafemi Awolowo University and has enhanced his knowledge through numerous senior management programs worldwide. He is also a Fellow of both the Institute of Chartered Accountants of Nigeria (ICAN) and the Association of Chartered Certified Accountants (ACCA) in the UK.

This smooth transition in leadership underscores the bank’s strong talent pool and leadership capabilities, reflecting its dedication to fostering a sustainable and resilient organization that provides value to clients and stakeholders. RMB Nigeria is firmly committed to delivering innovative financial solutions that empower businesses to succeed.

Emrie Brown, the outgoing CEO and Chairman of the Board of RMB Nigeria, conveyed confidence in Ajayi’s leadership, stating, “We are delighted to officially welcome our new CEO. Bayo Ajayi has an impressive track record in banking, and we are confident in his capacity to drive growth and effectively partner with our clients.”

RMB Nigeria Limited, part of the FirstRand Group, stands as a premier African Corporate and Investment Bank, providing clients with innovative, value-driven advisory, funding, trading, corporate banking, and principal investing services.