First Bank appoints Olusegun Alebiosu as Chief Risk Officer

By Chioma Obinagwam

First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, today announced the appointment of Mr. Olusegun Alebiosu as its new Chief Risk Officer (CRO).

Prior to this appointment, Olusegun was the Chief Risk Officer of Coronation Merchant Bank.

Mr. Alebiosu’s appointment, which is still subject to approval by the Central Bank of Nigeria (CBN), is consistent with First Bank’s focus on corporate governance and best practice, and ensuring  a balance of knowledge, judgment and experience at the highest decision making level in the Bank.

Before joining Coronation Merchant bank in 2015, Olusegun at various times, worked with African Development Bank group and United Bank for Africa Plc as an experienced Chief Credit Risk Officer and Deputy Chief Credit Officer respectively.

Olusegun has over 24 years of extensive experience across various sectors of banking and has garnered diverse hands-on experience covering financial planning and control, Corporate, Commercial and Investment Banking, relationship management and risk management which will be immensely beneficial to the Bank in his new role as Chief Risk Officer.

Olusegun Alebiosu is a qualified accountant with over 24 years post qualification experience.

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He holds a Bachelor’s degree in Industrial Relations & Personnel Management and a Master of International Law & Diplomacy both from the University of Lagos. In addition, he obtained a Master of Science degree (MSc) in Development Studies from the prestigious London School of Economics and Political Science (LSE) and he is an alumni of Harvard Kennedy School of Government.

He is a member of various professional bodies, including Institute of Chartered Accountants of Nigeria, Nigerian Institute of Management (ANIM) and Nigerian Institute of International Affairs.

According to the Managing Director/Chief Executive Officer of First Bank of Nigeria Limited and Subsidiaries, Dr. Adesola Adeduntan, the choice of the new CRO is in line with the Bank’s commitment to attracting the best resources in the industry, sustaining best practice in its operations, as part of the Bank’s overarching risk management framework initiative, by deepening specialization and strengthening the corporate governance culture of the 122 year old Bank.

“I am confident that Segun’s appointment will help promote strong risk culture, governance, sustainable growth, and value creation in FirstBank,” the MD said.