Wema Bank has announced the appointment of Oluwole Ajimisinmi as deputy managing director and Olukayode Bakare as executive director.
A statement made available to QEDNG on Monday said the appointments, approved by the bank’s board, come as part of its commitment to ensuring strong leadership succession.
The new appointments will take effect on December 1, 2024, following the retirement of the current deputy managing director Oluwole Akinleye.
Mr. Akinleye, whose retirement will be effective November 30, 2024, “has been a vital pillar of Wema Bank’s growth and transformation,” the bank said.
He has occupied various positions in Wema Bank including overseeing the southwest business, corporate banking division, customer experience management, and corporate sustainability. His tenure has been marked by significant contributions to the bank’s strategic objectives and market positioning.
In expressing gratitude for his service, the board of directors and management of the bank disclosed that Akinleye’s dedication and strategic foresight have been instrumental to Wema Bank’s transformation journey.
“He is deeply appreciated for his invaluable contributions and they wish him the very best in his future endeavours,” the bank said.
Mr. Ajimisinmi, who joined Wema Bank in 2009 as company secretary/legal adviser, was appointed as an executive director in 2020. With years of experience in corporate governance, strategic leadership, and banking, he is expected to steer the bank towards its next phase of growth and innovation.
Mr. Bakare has been described as a key driver of Wema Bank’s treasury, wholesale funding, and global trade business. His extensive expertise and leadership will further bolster the bank’s commitment to delivering innovative financial solutions.
Commenting on these appointments, the board of directors and management of Wema Bank said they underscore the bank’s commitment to building a future-ready leadership team.
According to the Bank, Ajimisinmi and Bakare bring expertise, passion, and a clear vision to their new roles.
