Rand Merchant Bank Nigeria Limited (RMB), a leading African corporate and investment bank and a member of the FirstRand Group, has announced the appointment of Bayo Ajayi as its acting CEO. The appointment, approved by the Central Bank of Nigeria (CBN), comes as the bank continues to focus on delivering innovative solutions and contributing to Nigeria’s economy.
Bayo Ajayi, previously an executive director on the RMB Nigeria Board and the Chief Finance Officer, brings over 24 years of experience in the banking sector to his new role. Ajayi expressed his gratitude for the opportunity, emphasizing his commitment to partnering with clients amidst ongoing economic challenges.
Emrie Brown, CEO and Chairman of the RMB Nigeria Board, welcomed Ajayi’s appointment, expressing confidence in his leadership abilities and highlighting his proven track record of delivering value to clients and stakeholders.
“On behalf of the Board of Directors at RMB Nigeria, I welcome Bayo Ajayi as the Acting CEO, and I am confident that under his leadership, we will continue to effectively partner our clients, grow the business and positively contribute to Nigeria’s economy.” He stated.
In response to the announcement of his appointment Ajayi said: “I’m humbled by the opportunity to take up this role at such a critical time for Nigeria. We will continue to partner with our clients as they navigate through the headwinds.”
Ajayi, a member of both the Institute of Chartered Accountants of Nigeria (ICAN) and the Association of Chartered Certified Accountants (ACCA), UK, holds a B.Sc. in Chemical Engineering from Obafemi Awolowo University and has undertaken senior management courses globally.
The seamless transition in leadership underscores the bank’s dedication to maintaining a sustainable and resilient organization. RMB Nigeria Limited remains committed to providing innovative financial solutions to support businesses in thriving within the Nigerian economy.
