STERLNBANK Announces Appointment of New Executive and Non-Executive Directors

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Wednesday, May 8, 2019 04:15PM / NSE

 

We wish to notify you of the appointment of Messrs. Tunde Adeola and Raheem Owodeyi as Executive Directors and the appointment of Mr. subbaramaiach Rajapur as a Non-Executive Director in replacement of Mr. sujit Varma on the Board of Sterling Bank Plc. The appointments have been approved by the Central Bank of Nigeria (CBN).

 

Mr. Tunde Adeola

Mr. Adeola is presently a General Manager and the Divisional Head, Commercial Banking Directorate at Sterling Bank where he is responsible for the growth, retainership, sustainability and relationship management of the Bank’s commercial banking portfolio. He had previously served as the Business Executive, Commercial & Institutional Banking Group, Lagos Mainland. Prior to Sterling Bank, Mr. Adeola was the Assistant General Manager (Ikeja Business Area) in Trust Bank of Africa. He had at various times worked in Kakawa Discount House and Liberty Merchant Bank Limited.

Mr. Adeola holds a Bachelor of Arts degree in English from the Lagos State University. He also holds Bachelor of Laws degree from the University of Lagos. He is an alumnus of the Wharton School, Pennsylvania.

 

Mr. Raheem Owodeyi

Mr. Owodeyi is presently a General Manager and the Chief Operating Officer at Sterling Bank where he is responsible for overseeing the Bank's operations and services to meet business goals and projections. He had previously served as the Chief Compliance Officer of the Bank. Prior to Sterling Bank, Mr. Owodeyi was a General Manager and Chief Inspector at Aso Savings and Loans Pic. He had previously served as a Deputy General Manager and Head, Compliance & Internal Controls (International) at Access Bank Plc. He had at various times worked in BDO Stoy Hayward LLP, United Kingdom, Triumph Bank Pic and Citigroup, Nigeria with a track record of excellent performance.

Mr. Owodeyi holds a Bachelor of Science degree in Economics (First Class) from Obafemi Awolowo University. He is a Senior Member of the Chartered Institute of Bankers of Nigeria, a Member of the Institute of Internal Auditors and a Fellow of the Compliance Institute, Nigeria. He isn an alumnus of the Wharton School, Pennsylvania.

 

Mr. Subbaramaiah Rajapur

He is presently the General Manager, Retail & Subsidiaries (R & S) at State Bank of India (SBI). He joined SBI in 1985 as a Probationary Officer. He rose through the ranks and was elevated to the position of General Manager, Retail & Subsidiaries in May, 2018.

Mr. Rajapur holds a Bachelor of Science degree and he is a Certified Associate of the indian Institute of Bankers (CAIIB}.

He was appointed a Non-Executive Director on the Board of Sterling Bank Plc in April, 2019 in replacement of Mr. Sujit Varma.

 

 

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Table: Unaudited Q1 2019 Results

 

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