Ademola Adebise, the CEO and Managing Director of Wema Bank, is a prominent Nigerian banker whose laborious work and sure focal point drove him thru the ranks in Africa’s first entirely digital bank.
The Nigerian industry govt graduated from the College of Lagos with a Bachelor’s stage in Laptop Engineering in 1987. Upon graduation, he labored as a Programmer and Systems analyst at an indigenous Records expertise company in Nigeria. Ademola moreover owns a Master of Industry Administration (MBA) from the Lagos Industry Faculty.
How the computer engineer grew to alter proper into a banker
Ademola started his occupation in the banking sector when he bought employed in the Records expertise division of Chartered Bank Plc (Now Stanbic IBTC bank) in 1990. After working in the division for a while, he grew to alter into the head of the division. As head of IT, Ademola modified into an integral section of the crew that developed the bank application mature by the company for 10 years earlier than they switched.
The CEO who wished to secure more than expertise grew to alter proper into a chartered accountant in 1993. With that, he moved into the financial control room and grew to alter into the Chief Financial Officer (CFO) of the bank. As the CFO, he made contributions to the formulation of approach for the bank.
Ademola’s tenacity made him trip issue in his occupation. He grew to alter into the Assistant General Supervisor of Chartered Bank Plc and moreover labored as a Mission Supervisor on diversified projects with Andersen Consulting. Some of which embody: IT Systems Review, Process Re-engineering and Core Banking application chance.
In 2001, he moved to the National Bank of Nigeria Shrimp and served in the capacity of a General Supervisor. As overall manager, he managed the following industry items: Company Banking, Treasury and Digital Industry items, Likelihood Administration, Records Technology, Finance and Performance Administration. After spending 5 years at the National Bank, Ademola moved on to Accenture in November 2005.
In accordance with Ademola, his preserve at Accenture redefined his occupation. He had the assorted to hunt the advice of as a area topic skilled. He served as the Head of Finance & Performance Administration observe, Mission Supervisor for diversified Projects in the Financial Products and services Industry, and Program Supervisor for a Ample Transformation programme for an passe Generation Bank. Serving in these capacities gave him the privilege of hanging his expertise and accounting background to make employ of. For the length of his 4 twelve months sojourn at Accenture, Ademola modified into entirely repackaged for the banking alternate.
Ademola’s trajectory at Africa’s First Completely Digital Bank, Wema
In 2009, Ademola picked up an Executive Director characteristic at Wema Bank Plc. As Executive Director, he modified into accountable for South Bank for over 7 years. He later grew to alter into the Deputy Managing Director in 2017 and supervised Company Banking, Treasury, and Make stronger Choices. Serving as deputy director, uncovered him to several practicing alternatives. One such is the Evolved Administration Program at the Havard Industry Faculty. Following the retirement of Mr Segun Oloketuyi his predecessor Ademola grew to alter into the CEO/Managing Director in October 2018.
Necessary achievements as CEO/MD
For the length of Ademola’s tenure, Wema Bank’s asset corrupt grew by 155 per cent to over N1.2 trillion, and its deposits by 214 per cent to N1.1 trillion. The bank shares outperformed competitor banks in relative phrases, achieving triple its steadiness sheet measurement. They moreover paid dividends to shareholders continuously for four years following a decade-long hiatus.
As section of its commitment to sustainable financial products and services, Ademola led the establishment to enroll for the United Countries Atmosphere Programme Finance Initiative – UNEP-FI. He moreover marshalled the bank to top the maiden edition of the KPMG Digital Channels Scorecard in 2020 and modified into a joint-first in the KPMG Banking Industry Buyer Provider Look ranking.
Furthermore, Ademola modified into a section of the leadership crew that launched ALAT. ALAT has grown to alter proper into a leading digital financial products and services platform in Nigeria with over 1.3m customers. He moreover truly helpful the bank to label Davido, as a label ambassador. This campaign ushered in the outlet of over 700,000 accounts in about per week.
Currently, Wema is the leading assortment bank for instruct and govt agencies in consequence of its efficient and efficient platform.
Linked outdated principles that shaped Ademola’s trip
Ademola is a focused and hardworking govt, who knew and identified what he wished to secure early in existence. He had a mentor from his early days at Chartered Bank Plc that help form his occupation and personal existence. Past this, Ademola held unto his values as he pursued his ardour. He believed in issue and modified into affected person alongside with his activity.
Ademola serves on the board of Nigeria Inter-Bank Settlement Machine Plc (NIBSS), AIICO insurance Plc, and AIICO Pension Managers Shrimp. He is a revered member of several skilled organizations, in conjunction with the Institute of Chartered Accountants of Nigeria (ICAN) and the Chartered Institute of Bankers of Nigeria (CIBN). He has moreover been recognised for his contributions to the Nigerian banking alternate, receiving several awards and accolades over the years. In 2020, he modified into named the Banker of the Yr at the Management Excellence Awards, and in 2021, he modified into identified as one in every of the High 100 CEOs in Nigeria by BusinessDay.
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