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FBN Holdings Plc Confirms Olusegun Alebiosu As Managing Director Of FirstBank

The Board of Directors of FBN Holdings Plc has confirmed the appointment of Mr. Olusegun Alebiosu as the substantive Managing Director/Chief Executive Officer of its subsidiary, FirstBank Nigeria Limited.

Before this confirmation, Mr. Alebiosu served as the bank’s Acting Chief Executive Officer.
This development follows the resignation of Dr. Adesola Adeduntan, who previously held the position of Managing Director/CEO of the bank.

This was contained in a notice to the Nigerian Exchange Limited obtained by THE WHISTLER.

Also, the Board approved the appointments of Mr. Ini Ebong as Deputy Managing Director of FirstBank and Mr. Alao Olatunde-Olaifa as Non-Executive Director of the bank.

According to the statement signed by the Ag. Company Secretary, Adewale L.O Arogundade, the appointments are subject to the approval of the Central Bank of Nigeria.

Olusegun Alebiosu was appointed the Acting Managing Director/Chief Executive Officer of First Bank of Nigeria Limited in April 2024.

He was previously Executive Director, Chief Risk Officer, and Executive Compliance Officer from January 2022 until 20 April 2024.

Prior to that appointment, he was the Group Executive/ Chief Risk Officer, a position he held since 2016.

Segun brings to the Executive Management of FirstBank over 28 years of experience in the banking and financial services industry with cross-functional exposure to 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.

He commenced his professional career in 1991 with Oceanic Bank Plc. (now EcoBank Plc.) and prior to joining FirstBank in 2016 served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group, and Group Head, Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc.

Segun is an alumnus of Harvard Business School and Harvard School of Government. He holds a Bachelor’s degree in Industrial Relations and Personnel Management, and also a Master’s degree in International Law and Diplomacy from the University of Lagos.

He obtained a Master’s degree in Development Studies from the London School of Economics and Political Science and completed the Advanced Management Program (AMP) at Harvard Business School.

He is a member of various professional bodies namely, Fellow, Institute of Chartered Accountants (FCA), Associate, Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN), and Member, Nigeria Institute of International Affairs. Segun is a golfer and an adventurer. He is happily married with children.

Ini Ebong was appointed Deputy Managing Director in June 2024. Prior to this appointment, he was Executive Director of treasury and International Banking since January 2022.

He was previously the Group Executive, Treasury and International Banking, a position he held since 2016 after serving as the Bank’s Treasurer from 2011 to 2016.

Ini brings to the Executive Management of FirstBank over 20 years of extensive banking experience working through a wide variety of trading roles across most Treasury products, Asset and Liability Management, Treasury sales and marketing, and Treasury risk management.

Before joining FirstBank, he was the Head of African Fixed Income and Local Markets Trading, at Renaissance Securities Nigeria Limited, the Nigerian registered subsidiary of Renaissance Capital.

He also worked with Citigroup for 14 years as Country Treasurer and Sales and Business Head.
Ini has a passion for market development and has worked actively to drive change and internationalization of the Nigerian financial markets: foreign exchange, fixed income, and securities.

He has worked closely with regulatory bodies such as the CBN and DMO in assisting with the development of fresh monetary and foreign exchange policies, to broaden and deepen markets and open them up to international practices.

At various times he has facilitated and delivered courses and seminars on a wide variety of subjects covering Money Markets, Securities and Foreign exchange trading, and market risk management subjects to regulators, corporate customers, banks, and market participants.
Ini holds both Bachelor’s and Master of Science degrees in Architecture from the University of Ife.

He likes sporting activities, traveling, and meeting interesting people. He is happily married.
Omotunde Alao-Olaifa
Omotunde Alao-Olaifa was appointed a Non-Executive Director on the Board of First Bank of Nigeria Limited in June 2024.

He brings to the Board extensive experience cutting across the Corporate Finance spectrum, including Capital Raising, Deal Structuring, Debt Restructuring, Acquisition Planning, Project Financing, and Asset Management.

He is currently the Group Chief Financial Officer/Strategy & Principal Investment at Leadway Holdings with responsibilities covering Strategy, Corporate Finance, and Principal Investment across the group and geographies.
He also sits on the Boards of C&I Leasing Plc and Leadway Pensure PFA.

He had previously worked with Lionstone Group as an Associate, Investment Banking, and Fidelity Bank Plc as an Assistant Manager in the Corporate Banking division, where he managed blue chip clients.

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