Access Bank Appoints A New CEO

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Access Bank Appoints A New CEO
Access Bank Appoints A New CEO

Roosevelt Ogbonna has been named Managing Director/Chief Executive Officer of Access Bank, Nigeria’s largest lender in terms of assets.

According to a bank statement, this follows the appointment of Herbert Wigwe as Group MD/CEO of Access Holdings Plc.

Ogbonna has been Access Bank’s deputy managing director since 2017. Prior to that, in October 2013, he was appointed executive director, commercial banking division.

The new CEO was described as “a thoroughbred and consummate professional with over two decades of banking experience, having joined Access Bank from Guaranty Trust Bank in 2002.”

“Ogbonna has an extensive professional and academic background.” “He is a fellow of the Institute of Chartered Accountants of Nigeria, an honorary member of the Chartered Institute of Bankers, a graduate of the Harvard Kennedy School of Government’s Senior Executive Fellow program, an alumnus of Harvard Business School, and a CFA charter holder,” according to the statement.

He has a Master’s degree in Business Administration from IMD Business School in Switzerland, an LL.M in International Corporate & Commercial Law from King’s College in London, an Executive Master’s degree in Business Administration from Cheung Kong Graduate School of Business, and a Bachelor’s degree in Banking and Finance from the University of Nigeria, Nsukka.”

The board of Access Holdings also announced the appointment of Victor Etuokwu as deputy managing director (Retail North) of Access Bank and Chizoma Okoli as deputy managing director of Access Bank (Retail South).

It announced Adeolu Bajomo’s resignation as executive director, information technology and operations, effective September 30, 2022.

Etuokwu was appointed as an executive director of the bank in 2012, and his position was renewed in 2022 when his second term expired.

He has over three decades of banking experience in operations, information technology, business development, and retail banking.

The three appointments, it said, had been approved by the Central Bank of Nigeria and would take effect on May 2, 2022.
The board also announced Adeolu Bajomo’s resignation as executive director, information technology and operations, effective September 30, 2022.

According to the statement, this was due to his decision to pursue other personal interests.

According to Access Bank, Bajomo has confirmed that he has no disagreement with the board and that there is no matter concerning his resignation that needs to be brought to the attention of regulatory authorities.

Access Bank stated, “The board would like to express its appreciation to Bajomo for his contributions to the bank.”

Bababode Osunkoya, chairman of the board, commented on the developments, saying, “The new appointments reflect the robustness of our leadership succession plan and our decision to significantly strengthen our retail business while harnessing the potentials of SMEs and financial inclusion towards the achievement of the group’s strategy.”

“The appointees were chosen for their exceptional professional, academic, and corporate board experience, all of which are relevant to the needs of our board.” We are confident that their skills will continue to add significant value to our bank’s goal of becoming Africa’s Gateway to the World.”