BREAKING: First Bank Appoints Alebiosu’s As New MD/CEO

BREAKING: First Bank Appoints Alebiosu’s As New MD/CEO

The Board of FirstBank has recently granted approval for the restructuring of its top leadership team.

Mr. Olusegun Alebiosu, who has been serving as the Acting Managing Director and Chief Executive, has been officially appointed as the Managing Director and Chief Executive of FirstBank Group.

Additionally, Ini Ebong, who held the position of Executive Director of Treasury and International Banking, has been promoted to the role of Deputy Managing Director.

Furthermore, the appointment of Mr. Omotunde Alao-Olaifa as Non-Executive Director has been confirmed.

These executive transitions within FirstBank came into effect on Wednesday, 19 June 2024 and are contingent upon regulatory endorsements.

Prior to this appointment, Mr. Alebiosu had been operating as the Acting Managing Director/Chief Executive Officer since April 2024.

His professional journey includes significant roles such as Executive Director, Chief Risk Officer, and Executive Compliance Officer from January 2022 to April 2024, as well as Group Executive/Chief Risk Officer since 2016.

With over 28 years of robust experience in banking and financial services, Mr. Alebiosu brings a wealth of expertise in credit risk management, financial planning and control, credit and marketing, trade, corporate and commercial banking, agriculture financing, oil and gas, transportation (including aviation and shipping), and project financing.

Mr. Alebiosu’s career began in 1991 at Oceanic Bank Plc. (now EcoBank Plc.) and has since held pivotal roles at respected institutions such as Coronation Merchant Bank Limited, African Development Bank Group, and United Bank for Africa Plc. Interestingly, Mr. Ini Ebong, who has been appointed as the Deputy Managing Director, had previously served as the Executive Director of Treasury and International Banking since January 2022.

Before that, he acted in the capacity of Group Executive for Treasury and International Banking and was the Bank’s Treasurer from 2011 to 2016.

Mr. Ebong brings almost three decades of diverse banking experience to the Executive Management team at FirstBank, with expertise spanning treasury, investment banking, finance, and banking operations.

These appointments signify a new chapter in the leadership structure of FirstBank and underline the institution’s commitment to harnessing the wealth of experience and talent within its ranks to drive growth and innovation in the banking sector.

Furthermore, FirstBank Board has approved several key appointments within the institution.

Mr. Olusegun Alebiosu, previously in the role of Acting Managing Director and Chief Executive, has now been appointed as the Managing Director and Chief Executive of the FirstBank Group.

Additionally, Ini Ebong, who held the position of Executive Director of Treasury and International Banking, has been named as the Deputy Managing Director. Furthermore, Omotunde Alao-Olaifa has been appointed as a Non-Executive Director.

These appointments, effective as of Wednesday, 19 June 2024, are pending regulatory approval.

Alebiosu brings over 28 years of experience in banking and finance to his new role, having previously held positions such as Chief Risk Officer and Executive Compliance Officer.

Prior to joining FirstBank, he worked at various financial institutions including Oceanic Bank Plc. and Coronation Merchant Bank Limited.

Ini Ebong, before becoming the Deputy Managing Director, served as the Executive Director of Treasury and International Banking, with nearly 30 years of experience encompassing roles in Treasury, Investment Banking, and Banking Operations.

He has actively contributed to market development in Nigeria and collaborated with regulatory bodies to enhance monetary and foreign exchange policies.

On the other hand, Omotunde Alao-Olaifa, the newly appointed Non-Executive Director, brings a wealth of experience in Corporate Finance, Capital Raising, Debt Restructuring, and Asset Management.

His professional background includes roles at Leadway Holdings, Lionstone Group, and Fidelity Bank Plc.

Alao-Olaifa holds degrees from reputable institutions and has completed executive programs at prestigious business schools. Moreover, he is a member of the National Institute for Policy and Strategic Studies in Nigeria.