Nigeria's Sterling Bank has announced a change of baton with effect from April 1, when its founding chief executive, Yemi Adeola is expected to retire and hand over to Abubakar Suleiman, currently Executive Director, Finance & Strategy.
Adeosun has served on the board of the bank for over 14 years, 10 of which he was the CEO of the financial institution.
He started his banking career in the then Nigeria International Bank Ltd (NIB), the precursor of Citibank Nigeria Ltd in 1988 where he served in various capacities and rose to the position of Executive Director in 1998.
He was one of the youngest officers and indeed one of the first Nigerian nationals to be appointed in that capacity with the Citigroup Inc’s Nigeria unit between February 1998 and May 2003.
In July 2003, Adeola became the Deputy Managing Director 'DMD' of our legacy component, Trust Bank of Africa Limited.
He was instrumental to the formation of Sterling Bank in 2006, served as Integration Director in the immediate post-merger phase and up until 2007 as Executive Director covering Commercial & Institutional Banking and later Corporate Banking prior to becoming CEO.
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