InfoStride News reported that the FirstBank Group has named Olukorede Adenewo as the Managing Director/Chief Executive Officer of its UK subsidiary, FirstBank UK. The appointment, effective from November 16, 2023, is pending regulatory approvals, as stated in a release on Wednesday.
The statement highlighted Adenewo’s outstanding leadership, strategic vision, and extensive knowledge of the global financial landscape. His wealth of experience and successful track record in the banking industry across multiple countries contributed to his selection for the role.
Before joining FirstBank UK, Adenewo served as the Chief Executive Officer of Standard Chartered Bank Nigeria. He entered the Corporate Banking sector of the Bank in 1999, progressing through various pivotal roles. His career includes notable positions such as MD/CEO of SCB Gambia, Deputy MD/CEO of SCB Cameroon, and MD of Corporate Commercial and Institutional Banking for SCB Nigeria and West Africa. Additionally, he held Non-Executive Director positions at SCB Gambia and SCB Sierra Leone, accumulating over 13 years of invaluable experience as a Board member within the Chartered Bank Group.
FirstBank Group’s CEO, Dr. Adesola Adeduntan, expressed confidence in Adenewo, stating, “On behalf of the Board, Management, and staff of FirstBank Group, we are excited to welcome Olukorede Adenewo to the FirstBank family. With his wealth of experience, we are confident that he is the perfect fit to lead FirstBank UK into its next phase of growth and development.”
Adenewo’s career commenced at Deloitte Nigeria, where he qualified as a Chartered Accountant in 1991. Achieving Fellow status of the Institute of Chartered Accountants of Nigeria in 2003, he received a Distinguished Alumnus award from Deloitte Nigeria in 2015. Adenewo pursued management training in Leadership at INSEAD and Said Business School, Oxford University. He holds an MBA from Lagos Business School.
The appointment of Olukorede Adenewo marks a significant development for FirstBank UK, and InfoStride News will continue to cover updates and insights surrounding this strategic move in the financial sector.
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