Access Bank Plc has appointed Oluseyi Kumapayi as Deputy Managing Director, African Subsidiaries, and Olanrewaju Bamisebi as Executive Director, Information Technology and Digitalisation, because the lender strikes to strengthen its operations, profitability and technology-driven companies.
The appointments, which took impact on 27 and 28 October, respectively, adopted the approval of the Central Bank of Nigeria (CBN), in accordance with a regulatory submitting by Sunday Ekwochi, the Group Company Secretary.
Commenting on the appointments, the Group Chairman of Access Holdings, Aigboje Aig-Imoukhuede, stated the selections mirrored the group’s strategic precedence of translating its in depth banking presence throughout Africa and past into improved efficiency, operational effectivity and stronger shareholder returns.
“Access Holdings has built a substantial banking franchise across Africa and beyond. Our strategic priority is now to translate that scale into superior performance, greater efficiency, stronger returns on capital and sustainable value for shareholders,” Mr Aig-Imoukhuede stated.
He stated Mr Kumapayi’s elevation would strengthen the group’s efforts to enhance the efficiency of its African subsidiaries, whereas Mr Bamisebi’s appointment would deliver expertise management nearer to the financial institution’s operations, prospects and industrial priorities.
The Managing Director and Chief Executive Officer of Access Bank, Roosevelt Ogbonna, stated the lender was centered on constructing a extra productive, environment friendly and worthwhile establishment via higher utilisation of its capital, expertise and established market presence.
He stated the financial institution would prioritise bettering returns throughout its African subsidiaries, simplifying expertise platforms, strengthening operational reliability and accelerating innovation to enhance buyer expertise at a decrease value.
Access Holdings stated the appointments have been a part of its transition from a technique centered on scale to 1 centred on worth creation, profitability, capital effectivity and sustainable shareholder returns.
The group stated its precedence, having established a big banking presence throughout Africa and chosen worldwide markets, was to maximise the worth of its current operations via improved subsidiary efficiency, disciplined capital allocation and technology-driven productiveness.
It added that transferring executive duty for Information Technology and Digitalisation from the holding firm to Access Bank was meant to combine expertise transformation extra carefully with banking operations, customer support, income era and price administration.
The group stated the transfer would speed up digital transformation, simplify working platforms, strengthen resilience and enhance execution throughout its banking operations.
Profiles
Mr Kumapayi was elevated from his earlier place as Executive Director, African Subsidiaries, which he had held since November 2020.
He has over 25 years of banking expertise spanning monetary administration, technique, danger administration, treasury and enterprise improvement.
He joined Access Bank in 2002 and served as Group Chief Financial Officer between 2007 and 2020, the place he contributed to strengthening the financial institution’s monetary administration and supporting its strategic improvement.
In his new function, he’ll retain duty for the financial institution’s African subsidiaries, with an expanded mandate to enhance profitability, capital productiveness, operational efficiency and cross-border enterprise integration.
He can even help the Managing Director and Chief Executive Officer within the broader management and strategic administration of the financial institution.
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Mr Kumapayi is a Fellow of the Institute of Chartered Accountants of Nigeria. He holds an Executive MBA from IMD, Lausanne, and an Executive Master’s diploma in Digital Transformation and Innovation Leadership from IE University, Madrid. He additionally holds levels from the Universities of Lagos and Ibadan.
Olanrewaju Bamisebi
Meanwhile, Mr Bamisebi joined the board of Access Bank from Access Holdings, the place he beforehand served as Executive Director, Information Technology and Digitalisation.
He has over 20 years of expertise in expertise transformation, digital banking, enterprise programs and operational administration throughout the monetary companies business and different sectors.
Before becoming a member of Access Holdings, he held senior positions at Equity Group Holdings Limited, together with Group Director, Information Technology and Operations, and Managing Director of Finserve Africa.
He additionally served as Group Chief Information Officer at Diamond Bank, alongside different expertise management positions at main Nigerian establishments.
In his new function, Mr Bamisebi will lead Access Bank’s expertise and digitalisation technique, specializing in bettering operational effectivity, modernising expertise platforms, strengthening cybersecurity and accelerating digital options to enhance buyer expertise.
He holds a bachelor’s diploma in Computing and Information Technology from the University of Derby and an MBA from Durham Business School. He can be an alumnus of the Cambridge Judge Business Senior Management Programme.
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