Wema Bank Plc has announced the appointment of Mr. Babatunde Kasali, a non-executive director, as the new Chairman of its board of directors.
This followed the resignation of its Chairman, Mr. Adeyinka Asekun from the Board following his nomination as an Ambassador of the Federal Republic of Nigeria, which was recently confirmed by the Senate.
It would be recalled that Asekun became the Chairman of Wema Bank in 2012.
He played a leading role in the successful turnaround and transformation of the Bank which has culminated in the introduction of Africa’s first fully digital Bank (ALAT).
However, Kasali is a consummate professional with expertise in Audit, Risk Management, Compliance and Retail banking, spanning over 3 decades.
He has served as General Manager and Regional Bank Head for United Bank for Africa Plc., a bank he joined in 1996.
During his time at the bank, he held several positions such as; Chief Inspector, Regional Director and Divisional Director.
He has also served as Managing Director of Resolution and Restructuring Company Limited, a subsidiary of the Asset Management Company of Nigeria (AMCON).
Kasali has been a Non-Executive Director at UAC of Nigeria Plc since March 27, 2013 and was a Non-Executive Director of UACN Property Development Company Plc, from January 13, 2010 to March 24, 2013.
Similarly, he also served as a Non-Executive Director of Wema Bank Plc from February 2015 to November 26, 2015.
Kasali, who graduated with B.Sc. (Hons) Degree in Economics from Manchester Metropolitan University, UK in 1977, is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN).
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