First Bank of Nigeria Limited has announced the appointment of Mr. Tosin Adewuyi as its Group Executive and Executive Director of its flagship subsidiary, FBNBank UK Limited.
The appointment is, however, subject to approval from the appropriate regulatory bodies in Nigeria and UK.
Tosin holds a Bachelor’s degree in Economics & Accounting from University of Manchester, UK, and is a Fellow of the Association of Chartered Certified Accountants (FCCA). He brings to the group, over 20 years’ experience covering both the UK and sub-Saharan Africa with cross-functional exposure to corporate and investment banking, treasury and investor services, trade finance and audit.
Until his appointment, Adewuyi served as a Managing Director/Senior Country Officer, Nigeria, for JP Morgan where he was responsible for executing growth strategies across all business lines – investment banking, treasury and cash management, trade finance, debt and equity capital markets, leveraged finance and advisory. In his role as JP Morgan’s Head of Nigeria, he was responsible for leading interaction with all Nigerian clients, high government officials, regulators and senior JP Morgan executives. In addition to his Nigeria responsibilities, over the last two years, Adewuyi also led JP Morgan’s sub-Saharan Africa cash management (clearing) and liquidity business, actively managing clients in South Africa, Ethiopia, Mauritius, Kenya, Ghana, Namibia, Botswana, Uganda and Tanzania.
Prior to this, he served as an Executive Director/Head of Trade Finance, JP Morgan (London) between 2007 and 2010 where he had oversight responsibility for trade and structured trade finance for sub-Saharan Africa. In this position, Adewuyi played a key role in setting up JP Morgan’s Trade Africa business. He also set up the in-country Financial Institutions Trade Department in Nigeria to drive the growth of the trade portfolio for all Nigerian correspondent banking and corporate relationships.
Adewuyi was a steering group member of JP Morgan’s Black Leadership Forum and a member of the Diversity Committee. In 2012, Adewuyi was voted one of the most 100 influential black people in the UK in the finance category published by the Power List.