Rand Merchant Bank Nigeria has announced the appointment of Bayo Ajayi as its acting Chief Executive Officer.
According to a statement from the bank on Thursday, the appointment has been approved by the Central Bank of Nigeria.
Speaking on the development, RMB CEO and Chairman of the RMB Nigeria board, Emrie Brown, said “On behalf of the board of directors at RMB Nigeria, I welcome Bayo Ajayi as the acting CEO, and I’m confident that under his leadership, we will continue to effectively partner our clients, grow the business and positively contribute to Nigeria’s economy.
Responding, Ajayi said, “I’m humbled by the opportunity to take up this role at such a critical time for Nigeria. We will continue to partner with our clients as they navigate through the headwinds.”
Before his current appointment, Bayo was an executive director on the RMB Nigeria board and chief finance officer at RMB Nigeria.
He has served in various leadership positions in the banking sector in Nigeria and across Africa over the last 24 years.
Ajayi obtained a B.Sc. Chemical Engineering from the Obafemi Awolowo University and has attended multiple senior management courses across the globe.
He is a Fellow of the Institute of Chartered Accountants of Nigeria and the Association of Chartered Certified Accountants, UK.
RMB Nigeria added that the seamless leadership transition reflected the “bank’s robust talent, leadership depth and commitment to maintaining a sustainable and resilient organisation that delivers value to its clients and stakeholders”. The bank remains deeply invested in providing innovative financial solutions that enable businesses to thrive,” it noted.
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