Olusegun Alebiosu: New MD/CEO Takes The Reins At First Bank

Alebiosu is bringing to the position close to 30 years’ experience in the banking and financial services industry.

The board of First Bank of Nigeria Plc. has approved the appointment of Olusegun Alebiosu, executive director/chief risk officer/executive compliance officer of the bank, to succeed Adesola Adeduntan, who resigned as managing director after nine years at the helms. The notification of Alebiosu’s appointment has been sent immediately to the Nigerian Exchange Limited, where the bank’s shares are listed.According to his profile on the website of the bank, Mr Alebiosu was appointed executive director, chief risk officer and executive compliance officer in January 2022. Prior to that appointment, he served as the lender’s Group Executive/ Chief Risk Officer, a position he held since 2016.

Alebiosu is bringing to the position close to 30 years’ 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, his profile on the First Bank website indicated.

He Mr Alebiosu) commenced his professional career in 1991 with Oceanic Bank Plc. (now EcoBank Plc.) and prior to joining FirstBank in 2016 served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group and Group Head, Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc.

Segun (Alebiosu) is an alumnus of Harvard School of Government and holds a bachelor’s degree in Industrial Relations and Personnel Management. He also obtained a master’s degree in International Law and Diplomacy from the University of Lagos and holds a master’s degree in Development Studies from the London School of Economics and Political Science.

He is a member of various professional bodies namely, 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. Segun is a golfer and an adventurer. He is happily married with children.

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