Wednesday, June 17, 2026

The Sun Nigeria

Wema Bank announces new board appointments

Wema-Bank

By Chinwendu Obienyi

Wema Bank has announced the appointments of a new Deputy Managing Director and an Executive Director following the imminent retirement of Oluwole Akinleye, the Deputy Managing Director of the Bank effective November 30, 2024.

Consequently, Oluwole Ajimisinmi, an Executive Director has been appointed as the new Deputy Managing Director effective December 1, 2024

Additionally, Olukayode Bakare was appointed as Executive Director, effective from December 1, 2024.

Akinleye was appointed Executive Director of Wema Bank Plc. in December 2014 and became the Deputy Managing Director on April 1, 2023. As Executive Director and later the Deputy Managing Director, he oversees the Southwest business, Corporate Banking Division, Customer Experience Management and Corporate Sustainability Department of the Bank. He also played a pivotal role in steering the Bank towards significant growth and success, demonstrating outstanding leadership and commitment to excellence.

More so, Ajimisinmi joined Wema Bank Plc in July 2009 as the Company Secretary/Legal Adviser and was appointed to the Board as an Executive Director in July 2020. Oluwole has a robust wealth of experience in banking and corporate governance. His appointment as the new Deputy Managing Director of the Bank is based on the strength and diversity of his experience, his outstanding strategic orientation, good product development and portfolio management capabilities. He currently supervises the Lagos Business Directorate and the Remedial/Recovery Department of the Bank.

Olukayode on his part is an ardent treasury and finance professional with over 32 years post-graduation experience from both academics and banking sectors, respectively. Until his appointment, he was the Divisional Executive in charge of Treasury, Wholesale Funding & Global Trade Business of the Bank.