Wema bank appoints Ademola Adebise as Acting Managing Director

Wema bank appoints Ademola Adebise as Acting Managing Director

Wema Bank Plc has announced the appointment of Ademola Adebise as Acting Managing Director of the Bank.

The lender in a notice sent to the Nigerian Stock Exchange (NSE) today in Lagos said his appointment takes effect from the 1st of July 2018, subject to regulatory approval. Prior to this, he was the Deputy Managing Director (DMD). Segun Oloketuyi, the current Managing Director will be retiring, having completed 10 years in office. CBN rules limit bank MDs to a maximum of 10 years in office.

From June, 2009 to December, 2016, Adeise was an Executive Director. From October 2005 to May 2009, he worked with Accenture in its Lagos Office as Head, Finance & Performance Management Practice at Accenture.

He also worked in Chartered Bank from May, 1988 to November 2000 as an Assistant General Manager, and the defunct National Bank of Nigeria as General Manager between December, 2000 to September, 2005.

He attended the University of Lagos between 1983-1987, where he obtained a Bachelor’s degree in Computer Science. He then attended the Lagos Business School, graduating with a Master’s degree in Business Administration.

He is a member of several professional bodies including the Institute of Chartered Accountants of Nigeria (ICAN), Chartered Institute of Taxation and Computer Professionals (Registration Council of Nigeria), Chartered Institute of Bankers of Nigeria (CIBN) and Institute of Directors (IOD).

Wema Bank shares are currently trading at N0.73 in today’s session on the Nigerian Stock Exchange (NSE). Year to date the shares are up 34.16 percent.