NOVA Service provider Financial institution Restricted, a number one service provider financial institution in Nigeria, has introduced that it’s set to start its conversion to a full Industrial Banking Enterprise following its latest requisition of the nationwide industrial banking license from the related authorities.
To this finish, the Financial institution has appointed Mr. Adebowale Oyedeji, as the brand new Managing Director and Chief Government Officer to successfully stir its operations and ship on its new mandate.
His appointment which takes impact from January 2, 2024, has been accepted by the Central Financial institution of Nigeria (CBN).
Wale Oyedeji is approaching board with a number of years of expertise on the C-suite degree from a serious industrial financial institution in Nigeria and will likely be succeeding the erstwhile MD, Mr Nath Ude, whose tenure expired on November 6, 2023.
The Board of NOVA has expressed its appreciation to Mr. Ude for his efforts and providers to NOVA since his appointment in 2020.
Wale’s wealth of hands-on expertise mixed with a powerful observe report of delivering income aims, enterprise turnaround, improved productiveness, individuals administration, operational effectivity and danger management makes him an ideal match to captain the ship of NOVA Service provider Financial institution.
He has held a number of government positions in international and Nigerian environments giving him the worldwide perspective to main a monetary establishment to success.
He was beforehand the MD/CEO. Of Warranty Belief Financial institution UK (a subsidiary of Warranty Belief Financial institution Group) between 2008 and 2011 and was an Government Director of Warranty Belief Financial institution Group from 2011 to 2018 with supervision of varied industry-focused Company and Industrial Banking groups that remodeled the Group.
Simply industry-focused intent because the MD/CEO of NOVA, Wale was on the Board of Stanbic-IBTC as an Unbiased Non-Government Director (INED) from 2020 to 2023.
Wale will lead the brand new government workforce to implement the Financial institution’s Accelerated Development Initiatives (AGI) for the following 5-year plan of the Financial institution commencing January 2024.
Wale Oyedeji who expressed his pleasure on the alternative to steer the workforce in remodeling NOVA from a number one Service provider Financial institution to a serious Industrial financial institution, stated,
- “I’m honoured to be the pioneer Chief Government Officer of the proposed NOVA Industrial Financial institution which is ready to positively change all the banking panorama”.
Mr. Phillips Oduoza, the Chairman of the Board of NOVA Service provider Financial institution, who commented on Wale’s appointment, stated,
- “This appointment is a reinforcement of the Financial institution’s perception that with the best individuals and management, utilizing expertise and innovation, the Financial institution will compete favourably for market share within the industrial and retail banking house. The Board believes that Wale’s hands-on expertise and communication abilities mixed along with his robust management capabilities will assist NOVA ship improved execution and monetary efficiency, Mr. Oduoza said”.
- Wale is an alumnus of the College of Ibadan the place he bagged a Bachelor of Science diploma in Agricultural Economics.
- He additionally obtained his M. Sc diploma in Monetary Economics from the College of London and Superior Administration Program (AMP) from Havard Enterprise College (HBS).
- He’s a Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and an Honorary member of the Chartered Institute of Bankers (HCIB).
NOVA Service provider Financial institution Restricted is an investment-grade-rated service provider financial institution in Nigeria that provides an built-in suite of economic options masking Wholesale Banking, Funding Banking, Asset Administration, Securities Buying and selling, Wealth Administration, Commerce Providers, Transaction Banking, Money Administration, and Digital Banking.
