First Bank of Nigeria (FBN) Limited has officially appointed Olusegun Alebiosu as its managing director (MD) and chief executive officer (CEO).
In a statement filed with the Nigerian Exchange Limited (NGX) on Wednesday, FBN Holdings, the parent company of First Bank, stated that Alebiosu’s appointment is pending approval from the Central Bank of Nigeria (CBN).
Alebiosu has been serving as the acting managing director since April 22, following the resignation of Adesola Adeduntan, who stepped down eight months before his contract ended.
FBN Holdings also announced the appointment of Ini Ebong as the deputy managing director (DMD).
Since January 2022, Ebong has been the bank’s executive director in charge of treasury and international banking.
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“Before joining FirstBank, he was the head of African Fixed Income and Local Markets Trading, Renaissance Securities Nigeria Limited, the Nigerian registered subsidiary of Renaissance Capital,” FBN Holdings said.
“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 internationalisation 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.”
Additionally, FBN Holdings announced the appointment of Omotunde Alao-Olaifa, the chief financial officer (CFO) of Leadway Holdings, as a non-executive director.
Alao-Olaifa also serves on the boards of C&I Leasing Plc and Leadway Pensure PFA.
