After a weekend of tension over the resignation Dr Adesola Adeduntan, Olusegun Alebiosu has emerged as the Acting Managing Director/Chief Executive Officer of First Bank of Nigeria Limited (FirstBank Group). His appointment, which was announced on Sunday night, takes immediate effect.
Alebiosu was until this appointment the Executive Director, Chief Risk Officer and Executive Compliance Officer from January 2022. Prior to that appointment, he was the Group Executive/ Chief Risk Officer, a position he held since 2016.
Segun brings to the Executive Management of FirstBank over 28 years’ of 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.
The new CEO Commenced his professional career in 1991 with Oceanic Bank Plc (now EcoBank Plc) and before joining FirstBank in 2016 served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group (AfDB) and Group Head, Credit Policy and Deputy Chief Credit Risk Officer at United Bank for Africa Plc.
Alebiosu is an alumnus of Harvard Business School and Harvard School of Government.
He holds a Bachelor’s degree in Industrial Relations and Personnel Management and also a Master’s degree in International Law and Diplomacy from the University of Lagos. He also obtained a Master’s degree in Development Studies from the London School of Economics and Political Science, and completed the Advanced Management Programme (AMP) at Harvard Business School.
He is a member of various professional bodies – 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.
