FirstBank group appoints Olukorede Adenewo as new MD/CEO of FirstBank UK

FirstBank Group has appointed Olukorede Adenewo as Managing Director/Chief Executive Officer of FirstBank UK. The appointment is effective from November 16, 2023, subject to regulatory approvals.

Olukorede Adenewo who has demonstrated exceptional leadership, strategic vision, and a deep understanding of the global financial landscape, brings a wealth of experience, built by a proven track record of success in the banking industry across several countries. Prior to this appointment, Olukorede Adenewo served as the Chief Executive Officer of Standard Chartered Bank Nigeria. He joined the Corporate Banking sector of the Bank in 1999. During his illustrious career, he held key positions, including MD/CEO of SCB Gambia, Deputy managing director /Chief Executive Officer of SCB Cameroon and Managing Director of Corporate Commercial and Institutional Banking for SCB Nigeria and West Africa.

The newly appointed CEO has also 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.

“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.” said Dr. Adesola Adeduntan, CEO FirstBank Group. Olukorede Adenewo started his career at Deloitte Nigeria, qualifying as a Chartered Accountant in 1991. He became a member of the Institute of Chartered Accountants of Nigeria in 2003 and received a Distinguished Alumnus award from Deloitte Nigeria in 2015. He 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.

FirstBank has continued to make significant investments in technology, innovation and transformation, and its cashless transaction drive has been steadily accentuated with almost 22 million active FirstBank customers signed up on digital channels including the USSD Quick Banking service through the nationally renowned *894# Banking code.

FirstBank’s commitment to Diversity is shown in its policies, partnerships and initiatives, such as its employees’ ratio of female to male about 39 per cent 61 per cent; and 32 per cent women in management) as well as the FirstBank Women Network, an initiative that seeks to address the gender gap and increase the participation of women at all levels within the organization.

In addition, the Bank’s membership of the UN Women is an affirmation of a deliberate policy that is consistent with UN Women’s Women Empowerment’s Principles – Equal Opportunity, Inclusion, and Nondiscrimination.

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