Chief Executive Officer and Managing Director of FirstTrust Mortgage Bank Plc, Mr. Korede Adebayo, HCIB, last Saturday bagged the Honourary Fellowship of the Chartered Institute of Bankers of Nigeria, CIBN, at an impressive ceremony which was held during this year’s Investiture Programme of the Institute, in Lagos.
The Fellowship award is the highest cadre of membership of the Institute conferred on deserving individuals as a symbol of lifetime achievement and success.
Adebayo made the list alongside other eminent Bankers, which included Mr. Lamido Yuguda, Director General, Securities and Exchange Commission (SEC), Mr. Mustapha M. Ibrahim, Executive Director, Operations, NDIC, Mrs. Nneka Onyeali-Ikpe, HCIB, MD/CEO, Fidelity Bank Plc, Mustafa Chike-Obi, Chairman, Bank Directors Association of Nigeria, Chairman, Fidelity Bank Plc and others.
According to the CIBN, the Fellowship Award is given to Adebayo in recognition of his sterling performance and invaluable contributions to the Institute, the banking industry, and the Nigerian economy as the Managing Director of FirstTrust Mortgage Bank, an Honorary Senior Member of the Institute, Body of Bank CEOs, and an active supporter and promoter of the Institute’s programmes, among other things.
He is a graduate of Accounting from the Lagos State University. He began his career in 1990 with the West African Examination Council (WAEC). In his pursuit of excellence, he entered the banking sector in 1997, working for EIB International Bank (now Polaris Bank Limited). He moved on to Indo-Nig Bank Limited (now Sterling Bank Plc) in 2001, then to United Bank for Africa (UBA), and finally to Keystone Bank (Bank PHB), where he was in charge of the Commercial Banking Group.
In 2009, he joined First Bank of Nigeria Limited as Group Head, where he was instrumental in developing the bank’s Private Banking suite. He was also a founding member of the Providus Bank team.
Adedayo was appointed Managing Director/CEO of FirstTrust Mortgage Bank Plc in 2018 following the divestiture of FirstBank from FBN Mortgages Limited. He was a driving force behind the successful merger of the former FBN Mortgages Limited and TrustBond Mortgage Bank Plc, which resulted in the emergence of FirstTrust as Nigeria’s largest mortgage bank with a strong capital base and assets.
As a seasoned banker with over two decades of experience that cuts across notable banks in Nigeria, Korede Adebayo has built versatility and core competencies across Retail Banking, Credit, Consumer Banking, Wealth Creation and Management.
He is a Fellow, Institute of Credit Administration (FICA). He is also a member of the Institute of Directors (IODs); an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (HCIBN), and a member of the Economic Advisory Council, Kogi State. He currently sits on the board of Mortgage Banking Association of Nigeria (MBAN) as the National Treasurer, as well as on the board of CIBN Press to mention a few. He has attended several executive training within and outside Nigeria including the renowned global business schools – INSEAD Business School, France and The Wharton School of the University of Pennsylvania, Philadelphia, USA.
Adedayo has also received numerous honours, including Best Mortgage Bank CEO of the Year Nigeria 2021 by International Business Magazine, the House of Representative Committee on Police Affairs’ “Ambassador for Peace and Unity Award,” the Merit Award by his Community for his contribution to community development, the Meritorious Service Award by Confluence New Watch, Kogi State, and the Okun Youth Ambassador of the Year by Okun Youth Association.
