First Bank of Nigeria, FBN has appointed Olusegun Alebiosu as its new managing director
Alebiosu has been the bank’s executive director/chief risk officer since 2022.
He has been in the banking for nearly three decades, with expertise in credit marketing, trade, corporate and commercial banking, credit risk management among others.
Alebiosu takes over from Adesola Adeduntan, who resigned suddenly from his position on Saturday even though he was due to complete his tenure in December.
The decision to appoint Mr Alebiosu was reached on Sunday after a Saturday board meeting of the bank could not resolve the controversy surrounding Mr Adeduntan’s resignation.
According to his profile on the website of the bank, Alebiosu was appointed executive director, chief risk officer and executive compliance officer in January 2022. Prior to that appointment, he served as the lender’s Group Executive/ Chief Risk Officer, a position he held since 2016.
Alebiosu is bringing to the position close to 30 years’ experience in the banking and financial services industry with cross-functional exposure to Credit risk management, Financial planning and control, Credit and marketing, Trade, Corporate and commercial banking, Agriculture financing, Oil and Gas, Transportation (including Aviation and Shipping) and Project financing, his profile on the First Bank website indicated.
The bank further wrote about Mr Alebiosu as follows:
“He Mr Alebiosu) commenced his professional career in 1991 with Oceanic Bank Plc. (now EcoBank Plc.) and prior to joining FirstBank in 2016 served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group and Group Head, Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc.
Segun (Alebiosu) is an alumnus of Harvard School of Government and holds a bachelor’s degree in Industrial Relations and Personnel Management. He also obtained a master’s degree in International Law and Diplomacy from the University of Lagos and holds a master’s degree in Development Studies from the London School of Economics and Political Science.
“He is a member of various professional bodies namely, Fellow, Institute of Chartered Accountants (FCA), Associate, Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN) and Member, Nigeria Institute of International Affairs.
“Segun is a golfer and an adventurer. He is happily married with children.”
