FBNQuest, a subsidiary of FBN Holdings, has appointed Afolabi Olorode as its new executive director of wholesale banking. The appointment which took effect on January 5, 2024, was disclosed in a statement on Thursday.
Adewale Arogundade, the company’s acting secretary, said Olorode’s appointment has been duly approved by the Central Bank of Nigeria.
“Olorode would be responsible for overseeing the client coverage and corporate banking, investment banking, fixed income, treasury and liabilities solutions and agency businesses of the bank,” the statement said.
It said before Olorode was appointed executive director, he led the coverage and corporate banking group at FBNQuest Merchant Bank where he was responsible for the bank’s coverage activities, credit portfolio, trade services, and transaction banking operations.
“He is a graduate of the University of Lagos and holds a postgraduate degree In Corporate & International Finance from Durham Business School, United Kingdom.”
The statement also noted that the executive director is a business leader with experience in corporate and investment banking, private equity, treasury, project and trade finance.
“He has also advised on and raised funding for several landmark transactions involving leading Nigerian and international clients in restructuring, M&A advisory, and capital raising for over 20 years,’ it said.
Olorode professional experience cuts across various sectors, having worked in a number of reputable institutions including Agusto & Co., Frontier Capital, KPMG, and Renaissance Capital.
He is a fellow of the Institute of Chartered Accountants of Nigeria and he has taken leadership and executive education courses at Columbia Business School, INSEAD, Harvard Business School, Wharton Business School, Lagos Business School, among others.