Business
Fidelity Bank Appoints Abolore Solebo as Executive Director
Fidelity Bank Appoints Abolore Solebo as Executive Director
The recent announcement by the Board of Fidelity Bank Plc regarding the appointment of Mr. Abolore Solebo as Executive Director of the Corporate Banking Directorate has garnered significant attention within the financial and business sectors. This strategic move reflects the bank’s commitment to strengthening its leadership team and pursuing its long-term growth objectives.
Mr. Abolore Solebo’s appointment has been approved by the Central Bank of Nigeria, according to an official notice sent to the Nigerian Exchange Limited (NGX) and the investing public. Furthermore, the Securities and Exchange Commission, the Nigeria Deposit Insurance Corporation, and the Financial Reporting Council of Nigeria have been duly informed about this development.
This appointment clearly aligns with Fidelity Bank’s strategic goals, as emphasized by the Board. The confidence expressed in Mr. Abolore Solebo’s ability to contribute significantly to the bank’s growth and development underscores the importance of this decision.
A closer look at Mr. Abolore Solebo’s professional profile reveals an impressive track record spanning over 24 years in the financial services and general management domains. His experience encompasses corporate, investment, commercial, retail, and transaction banking, as well as enterprise-wide risk management, corporate strategy, and consulting in both Nigeria and the United Kingdom.
Having joined Fidelity Bank in 2008 as a Senior Manager, Mr. Abolore Solebo has held pivotal positions, including Head of the Corporate Bank Directorate Analyst Group (2008), Division Head of Upstream (2010), and Division Head of Energy & Power/Project Finance (2017). His involvement in various management committees and his tenure as acting head of the corporate bank directorate further demonstrate his deep-rooted understanding of the bank’s operations and strategic direction.
Notably, Mr. Abolore Solebo’s professional journey includes valuable experience at Shell International Trading and Shipping Co. Limited in London, where he served as a credit risk QA analyst. His early career in the banking sector, starting as a trainee banking officer at Citizens International Bank Plc in 1999, laid the foundation for his subsequent achievements and leadership roles.
His educational background is equally noteworthy, with an MBA from the prestigious London Business School (UK), an MSc in Financial Management and Economics from Middlesex University, UK, and a BSc in Accounting from Ogun State University. Additionally, his participation in executive management and leadership programs at renowned international business schools such as Wharton, the University of Pennsylvania, and London Business School underscores his commitment to continuous learning and professional development.
Mr. Abolore Solebo’s industry expertise extends beyond banking, particularly in the energy sector, where he has emerged as a prominent figure and a sought-after speaker on oil and gas matters in Nigeria. His involvement in multibillion-dollar projects and financial transactions underscores his significant contributions to this critical sector of the economy.
Furthermore, his professional affiliations, including being an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and a member of The Energy Institute UK (Nigeria Branch), highlight his active engagement in industry associations and his commitment to upholding the highest standards of professional practice.
In conclusion, the appointment of Mr. Abolore Solebo as Executive Director of the Corporate Banking Directorate at Fidelity Bank represents a strategic decision aimed at leveraging his extensive experience, industry knowledge, and leadership capabilities to drive the bank’s continued success. As he assumes this pivotal role, Mr. Abolore Solebo’s contributions are poised to play a crucial part in advancing the bank’s strategic objectives and fostering sustained growth and development.
This appointment not only underscores Fidelity Bank’s commitment to nurturing talent and promoting internal leadership but also signifies a significant milestone in the career of Mr. Abolore Solebo, reflecting his dedication, expertise, and invaluable contributions to the banking and energy sectors.
