Business
Coronation Merchant Bank Appoints 3 Management Executives
Coronation Merchant Bank Appoints 3 Management Executives
Coronation Merchant Bank Limited has recently made significant changes to its executive management team by appointing three highly experienced professionals. The addition of these new executives is expected to bolster the bank’s management capabilities and bring fresh expertise to its operations.
NewsReport reports that the newly appointed executives are set to play pivotal roles in shaping the future direction of Coronation Merchant Bank. Arini Awotunde has taken on the role of chief financial officer (CFO), bringing with him nearly two decades of experience in various aspects of financial control. He is a distinguished fellow of the Chartered Institute of Bankers of Nigeria, the Institute of Chartered Accountants of Nigeria, and an associate of the Chartered Institute of Taxation of Nigeria. Awotunde’s expertise extends to an advanced understanding of the International Financial Reporting Standard (IFRS), U.S. corporate reporting, and the American Financial Accounting Standards.
Saheed Alamutu, the newly appointed chief risk officer (CRO), boasts over two decades of experience in corporate governance, risk management, and compliance. Alamutu is a fellow of the Chartered Institute of Bankers in Nigeria (CIBN) and a member of the Chartered Institute of Bankers in Scotland. His affiliations also include membership in the Chartered Institute for Securities and Investment, United Kingdom (MCSI) and the Institute of Operational Risk (PIOR), also in the United Kingdom. His previous contributions have been instrumental in elevating risk management to a strategic enabler of organizational goals.
Paul Abiagam, the newly appointed deputy managing director, brings a wealth of experience to his new role, with over 25 years of banking experience in Nigeria and West Africa. Abiagam is a fellow of the American Institute of Chartered Management Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA, United Kingdom). He is also a member of the Chartered Institute of Directors, Nigeria (CIoD) and an Honorary Senior member of the Chartered Institute of Bankers of Nigeria (HCIB). His extensive experience spans across corporate, Commercial & Investment Banking, Wealth/Pension Management, Project Management and investment banking, wealth and pension management, project management and strategy, as well as international trade and risk management. Abiagam has a distinguished record of accomplishment in his past leadership positions, notably as group head of corporate banking at Guaranty Trust Bank Limited, non-executive director of Guaranty Trust Bank (Côte d’Ivoire) Limited, and managing director of Guaranty Trust Pension Managers (a subsidiary of Guaranty Trust Holding Company Plc).
The chairman of Coronation Merchant Bank Limited, Babatunde Folawiyo, expressed his excitement about the new appointments. He congratulated the new members of the management team and emphasized that their wealth of experience, expertise, and commitment to excellence and innovation will reinforce the bank’s position as a leading force in the Nigerian financial services industry.
Additionally, Banjo Adegbohungbe, the MD/CEO of the bank, welcomed the new executives and highlighted the instrumental role their track record and deep understanding of the financial service industry will play in driving strategic initiatives. Adegbohungbe reiterated the bank’s commitment to delivering exceptional value to its clients and expressed confidence in the newly appointed executives’ ability to contribute significantly to this goal.
The appointment of Arini Awotunde, Saheed Alamutu, and Paul Abiagam marks a significant milestone for Coronation Merchant Bank, signaling the bank’s dedication to strengthening its leadership team with seasoned professionals who bring a wealth of expertise and a track record of success in the financial services industry. As the bank continues to evolve and pursue its strategic objectives, these new executives are poised to play a pivotal role in driving innovation, excellence, and value creation for clients and stakeholders alike. With their combined experience and commitment to excellence, Coronation Merchant Bank is well-positioned to navigate the dynamic landscape of the Nigerian financial services industry and achieve sustained growth and success in the years to come.
