The Board of Directors of leading African financial institution; Coronation Merchant Bank Limited has announced the appointment of Banjo Adegbohungbe as an Executive Director and Chief Operating Officer of the Group. He will be responsible for the Operations, Information Technology, Digital Channels and Administrative Divisions of the bank and its subsidiaries.
Announcing the new appointment, the Chairman of Coronation Merchant Banking Group, Babatunde Folawiyo said: “As a Bank, we maintain high corporate governance standards and ensure that Board appointments are in line with global best practices and industry standards”. He further stated, “Banjo brings to us a rich portfolio of experience garnered over the years in various leadership capacities. He could not have joined us at a more promising time in our journey to become Africa’s premier investment bank. I am confident his appointment will further strengthen and position the group for improved performance”.
Adegbohungbe is a seasoned banker with over 25 years of banking experience, covering various aspects of banking including Technology, Payments, International Trade, Fixed Income, Loans, Process Improvement and Product Management.
Prior to joining Coronation Merchant Bank, he served for over 11 years at Access Bank Plc. in various leadership capacities including Group Head, Global Trade; Group Head, Global Payments and most recently Group Head, Corporate Operations. He began his career in Citibank Nigeria (formerly Nigeria International Bank Ltd) in April 1993 and rose through the ranks to become an Assistant General Manager in charge of the bank’s Trade Operations – a position he occupied before joining Access Bank in March 2007 as a Deputy General Manager. In 2011, he was promoted to General Manager, a position he held until his recent appointment as Executive Director/Chief Operating Officer of Coronation Merchant Bank.
Adegbohungbe holds an MBA from the International Institute for Management (IMD), Switzerland and is an alumnus of Obafemi Awolowo University, Ife where he earned a B.Sc. in Mechanical Engineering. He is an Honorary Senior Member of the Chartered Institute of Bankers and has also attended several executive management and banking specific developmental programs in leading educational institutions around the world.
Coronation Merchant Bank Group was established to fill the gap in a long-undeserved market segment, seeking to address the need for long term capital across key sectors of the economy. The Group offers Investment and Corporate Banking; Private Banking/Wealth Management and Global Markets/Treasury Services to its diverse clients. It also offers Securities Trading/Brokerage, Asset Management and Trustees services via its subsidiaries; Coronation Securities Limited, Coronation Asset Management Limited and Coronation Trustees Limited respectively.