FirstBank Group Appoints Olukorede Adenewo as Managing Director of FirstBank UK

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FirstBank Group has appointed Olukorede Adenewo as the Managing Director of FirstBank UK, effective from November 16, 2023, subject to regulatory approvals. Adenewo, who previously served as the Chief Executive Officer of Standard Chartered Bank Nigeria, brings extensive leadership, strategic vision, and global financial expertise to the role. With a proven track record in the banking industry across various countries, Adenewo is expected to lead FirstBank UK in its next phase of growth and development.

Key Points:

  • Appointment of Olukorede Adenewo:
    • Olukorede Adenewo has been appointed as the Managing Director of FirstBank UK, with the appointment effective from November 16, 2023, subject to regulatory approvals.
  • Exceptional Leadership and Experience:
    • Adenewo is recognized for demonstrating exceptional leadership, strategic vision, and a deep understanding of the global financial landscape.
    • His wealth of experience is built on a proven track record of success in the banking industry across multiple countries.
  • Previous Role at Standard Chartered Bank Nigeria:
    • Prior to the appointment at FirstBank UK, Adenewo served as the Chief Executive Officer of Standard Chartered Bank Nigeria.
    • He joined the corporate banking sector of the bank in 1999 and held key positions, including Managing Director of SCB Gambia and Deputy Managing Director of SCB Cameroon.
  • Board Memberships and Recognition:
    • Adenewo served as a Non-Executive Director of SCB Gambia and SCB Sierra Leone, accumulating over 13 years of invaluable experience as a Board member within the Chartered Bank Group.
    • He started his career at Deloitte Nigeria, qualifying as a Chartered Accountant in 1991, and received a Distinguished Alumnus award from Deloitte Nigeria in 2015.
  • Welcome Message from FirstBank Group:
    • Dr. Adesola Adeduntan, Group Managing Director of FirstBank Group, expressed excitement about welcoming Olukorede Adenewo to the FirstBank family.
    • The board, management, and staff are confident that Adenewo is the perfect fit to lead FirstBank UK into its next phase of growth and development.
  • Educational Background:
    • Adenewo is an alumnus of INSEAD and Said Business School, Oxford University, where he underwent management training in Leadership.
    • He holds an MBA from Lagos Business School.

Conclusion: The appointment of Olukorede Adenewo as the Managing Director of FirstBank UK reflects the bank’s strategic move to leverage his extensive experience and leadership qualities. With a background in the banking industry and a successful tenure at Standard Chartered Bank Nigeria, Adenewo is expected to play a pivotal role in driving growth and development for FirstBank UK. The announcement reinforces the importance of seasoned leadership in navigating the dynamic landscape of international banking.

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