FirstBank Group Names Olukorede Adenewo as MD/CEO of FirstBank UK

FirstBank Group has announced the appointment of Olukorede Adenewo as the Managing Director/Chief Executive Officer of FirstBank UK, the international banking arm of First Bank of Nigeria Limited. This licensed bank in the United Kingdom operates under the authorization of the Prudential Regulation Authority (PRA) and is regulated by the Financial Conduct Authority (FCA) and the PRA.

The press statement issued by FirstBank notes that Adenewo’s appointment, effective from November 16, 2023, is contingent upon regulatory approval. Describing Adenewo as a leader with exceptional qualities, strategic vision, and a profound understanding of the global financial landscape, the statement highlights his extensive experience and proven success in the banking industry across various countries.

Prior to this role, Adenewo served as the Chief Executive Officer of Standard Chartered Bank Nigeria. His career at the bank began in 1999 in the Corporate Banking sector, where he rose to hold key positions, including 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.

Throughout his illustrious career, Adenewo also functioned as a Non-Executive Director of SCB Gambia and SCB Sierra Leone, accumulating over 13 years of valuable experience as a board member within the Chartered Bank Group.

Dr. Adesola Adeduntan, CEO of FirstBank Group, expressed excitement about welcoming Olukorede Adenewo to the FirstBank family, stating that with his wealth of experience, they are confident he is the ideal leader to guide FirstBank UK through its next phase of growth and development.

Adenewo initiated his career at Deloitte Nigeria, qualifying as a Chartered Accountant in 1991. He achieved the status of a Fellow of the Institute of Chartered Accountants of Nigeria in 2003 and received a Distinguished Alumnus award from Deloitte Nigeria in 2015. 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.