First Bank of Nigeria Limited has announced the appointment of Olusegun Alebiosu as its new chief risk officer (CRO). Prior to this appointment, Alebiosu was the CRO of Coronation Merchant Bank.
Alebiosu’s appointment, which is still subject to approval by the Central Bank of Nigeria (CBN), is consistent with FirstBank’s focus on corporate governance and best practice, and ensuring a balance of knowledge, judgment and experience at the highest decision making level in the bank.
According to a press release yesterday signed by Folake Ani-Mumuney, group head, marketing and corporate communications, FirstBank, before joining Coronation Merchant Bank in 2015, Alebiosu at various times, worked with African Development Bank Group and United Bank for Africa as an experienced chief credit risk officer and deputy chief credit officer, respectively.
Alebiosu has over 24 years experience across various sectors of banking and has garnered diverse hands-on experience covering financial planning and control, corporate, commercial and investment banking, relationship management and risk management, which will be immensely beneficial to the bank in his new role as CRO, Ani-Mumuney said.
He is a member of various professional bodies, including Institute of Chartered Accountants of Nigeria, Nigerian Institute of Management and Nigerian Institute of International Affairs.
Also, according to Adesola Adeduntan, managing director/CEO of FirstBank and subsidiaries, the choice of the new CRO is in line with the bank’s commitment to attracting the best resources in the industry, sustaining best practice in its operations, as part of its overarching risk management framework initiative, by deepening specialisation and strengthening the corporate governance culture of the 122-year-old bank.
”I am confident that Segun’s appointment will help promote strong risk culture, governance, sustainable growth, and value creation in FirstBank,” he said.
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