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 full Business Banking Enterprise.
This follows 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 authorised 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 significant 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 robust monitor report of delivering income goals, enterprise turnaround, improved productiveness, folks 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 govt 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 assorted business targeted Company and Business Banking groups that reworked the Group. Simply earlier than his appointment because the MD/CEO of NOVA, Wale was on the Board of Stanbic-IBTC as an Impartial Non-Government Director (INED) from 2020 to 2023.
Wale will lead the brand new govt crew to implement the Financial institution’s Accelerated Progress Initiatives (AGI) for the subsequent 5-year plan of the Financial institution commencing January 2024.
Wale Oyedeji who expressed his pleasure on the alternative to steer the crew in reworking NOVA from a number one Service provider Financial institution to a significant Business financial institution, mentioned, “I’m honoured to be the pioneer Chief Government Officer of the proposed NOVA Business Financial institution which is ready to positively change your entire banking panorama”.
Mr. Phillips Oduoza, the Chairman of the Board of NOVA Service provider Financial institution, who commented on Wale’s appointment, mentioned, “this appointment is a reinforcement of the Financial institution’s perception that with the best folks and management, utilizing know-how and innovation, the Financial institution will compete favourably for market share within the industrial and retail banking area. The Board believes that Wale’s hands-on expertise and communication expertise mixed together with his robust management capabilities will assist NOVA ship improved execution and monetary efficiency, Mr. Oduoza acknowledged”.
Wale is an alumnus of 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 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 Honorary member of Chartered Institute of Bankers (HCIB).
NOVA Service provider Financial institution Restricted is an funding grade rated service provider financial institution in Nigeria which presents an built-in suite of monetary options protecting Wholesale Banking, Funding Banking, Asset Administration, Securities Buying and selling, Wealth Administration, Commerce Companies, Transaction Banking, Money Administration and Digital Banking.
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