Coronation Merchant Bank appoints Banjo Adegbohungbe as DMD

The Board of Directors of Africas leading financial institution; Coronation Merchant Bank limited has appointed Banjo Adegbohungbe as the Deputy Managing Director (DMD) of the Bank.
Before his elevation, Banjo was the executive director responsible for compliance; operations; Information technology; digital Channels and administrative divisions of the bank.

Banjo began his career at Citibank Nigeria (formerly Nigeria International Bank Ltd) and rose through the ranks to become an Assistant General Manager in charge of the banks Trade Operations a position he occupied before joining Access Bank in March 2007 as a Deputy General Manager. During his time at Access Bank, he served in various leadership capacities as Group Head, Global Trade; Group Head, Global Payments and Group Head, Corporate Operations. In 2011, he was promoted to General Manager before eventually joining Coronation Merchant Bank in 2018 as Executive Director.

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He is a seasoned banker with over 26 years of banking experience, covering various aspects of banking including Technology, Payments, International Trade, Fixed Income, Loans, Process Improvement and Product Management. He holds an MBA from the International Institute for Management (IMD), Switzerland and is an alumnus of Obafemi Awolowo University, Ife where he earned a B.Sc. in Mechanical Engineering. He is an Honorary Senior Member of the Chartered Institute of Bankers and has also attended several executive management and banking specific developmental programs in leading educational institutions around the world.

Announcing the new appointment, the Chairman of Coronation Merchant Bank, Mr Babatunde Folawiyo stated that: “During his time with us, Banjo has distinguished himself in service to the organization and contributed immensely to the overall growth of the Bank. I am confident his appointment will further strengthen and position the Bank for improved performance

Coronation Merchant Bank was established to fill the gap in a long-underserved market segment, seeking to address the need for long term capital across key sectors of the economy. The Bank offers Investment and Corporate Banking; Private Banking/Wealth Management and Global Markets/Treasury Services to its niche clients. Driven by its vision of becoming Africa’s premier Investment Bank, CoronationMB has been the recipient of numerous International and National awards for product innovation and sound corporate governance practices. Some of the international awards it received in 2019 include Best Investment Bank in Nigeria by Global Finance, Best Investment Bank in Nigeria by World Finance, Best Investment Bank by Global Banking & Finance Review and Best Investment Bank by Global Business Outlook Awards.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.