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Ecobank Appoints Ayo Adepoju as new CFO

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The Pan African Bank, and Lome-based parent company of Ecobank Group, Eco bank has announced the appointment of Ayo Adepoju, as the new Chief Financial Officer of the bank, who was also part of the member of the company’s Group Executive Committee. The appointee, whose appointment takes immediate effect, was to report directly to the Group Chief Executive Officer (GCEO).

Meanwhile, a notice was sent to the Nigerian Stock Exchange recently that Mr. Adepoju was appointed as acting CFO in April.

From a closer view, Mr Adepoju had worked closely with the immediate past CFO, Greg Davis, who resigned in April.

BRIEF PROFILE OF AYO ADEPOJU CFO

Adepoju performed the role of Group Head of Business Performance and Analytics for the group for the last two years. He has worked on the strategic aspects of the financial management of the group, including close equity investor interaction.

Prior to joining Ecobank, he had a career at PricewaterhouseCoopers in London and Lagos as an Assurance Manager in the financial services practice. He is an Accounting graduate of the University of Lagos, Nigeria, where he earned a Bachelor of Science degree with First Class Honours and has an MBA from Warwick Business School, United Kingdom

Adepoju also worked as Ecobank’s Group Financial Controller, where he was responsible for financial and regulatory reporting for the group, also an associate of the Institute of Chartered Accountants of Nigeria (ICAN) with national overall best prize awards at two consecutive stages of the ICAN examinations.

Commenting on the appointment, the company’s Group CEO, Ade Adeyemi, reacted to the new appointee saying: the group was pleased to announce the appointment of Adepoju. His financial acumen, industry experience and competence make him qualified for the role. GCEO noted.

ABOUT ECOBANK TRANSNATIONAL INC

Ecobank Transnational Inc. is a bank holding company. The Company, through its subsidiaries and branches, provides a full range of wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals.

 

 

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Paga names Cleverly as new Group CFO

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Nigerian mobile money company, Paga, has announced the appointment of Ian Cleverly as its new Group Chief Financial Officer.

Cleverly is expected to take charge of the company’s London office. As stated by the company, he will be responsible for Finance, Risk, Compliance, and Internal Audit functions across countries of operations.

Speaking on the appointment, Founder & Group Chief Executive Officer, Paga, Tayo Oviosu, expressed optimism as he welcomed the new Group CFO to the team.

“In our search for a Group CFO, we were searching for a candidate who has strong finance and risk management acumen, could partner closely on strategy and fundraising with a focus on people development as we scale globally. Above all, we also wanted someone who aligned with our core values at Paga. I am pleased to say that we have found that person with these qualities in Ian.” Oviosu said.

On the development, elated Cleverly said he was looking forward to playing a key role in Paga’s growth and value creation.

Clevery began his career leading various finance departments at Procter & Gamble. He has over 20 years’ experience in senior financial, and operational management roles within the following sectors, Telecommunications, FMCG, and Mobile Payments across multiple countries and continents.

He joined Paga in November 2018 and has since then worked at the Paga Group office in London, United Kingdom.

Prior to joining Paga, Cleverly served as CFO and Executive Director at Maistro Plc, a B2B marketplace for online Procurement Services. Before that he was CFO for Hutchison 3G Ireland after which he served as CFO of Cable & Wireless Communications in Jamaica. He is a qualified Chartered Accountant (ACMA).

Cleverly’s vast experiences includes M&A, Disposals, Divestments, Corporate Restructuring, Business Transformation, Operationalizing Change, Legal Regulatory & Compliance, Strategy, Supply Chain, Fundraising and extensive International Board Level experience.

 

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Premier Foods appoints Duncan Leggett has its new CFO

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Premier Foods has announced the appointment of Duncan Leggett as chief financial officer (CFO) of the company.

Duncan joins the board following an executive search process and his appointment takes place with immediate effect.

Leggett joined Premier Foods in 2011, becoming a member of the executive leadership team on his appointment as acting CFO in August 2019.

Prior to this, he was director of financial control and corporate development, having previously held a number of senior roles within finance, including group financial controller.

Before joining Premier, he spent nine years at KPMG, working with clients across a variety of industries.

Commenting on the appointment, the chief executive officer, Alex Whitehouse, said that ,”Duncan’s extensive technical knowledge and experience of our business makes him an invaluable member of our executive leadership team, so I am delighted to appoint him permanently as CFO and welcome him onto the board.”​

“With this added business continuity, I look forward to continuing our work together as we increase our pace of delivery and ever sharpen our consumer, customer and operational focus​.”

Over the past year, the company has undergone several changes to its board, including the promotion of Whitehouse to CEO in August.

 

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Provident Financial Announces Neeraj Kapur as its new CFO

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Provident Financial plc has recently announced the appointment of Neeraj Kapur as its new Chief Financial Officer in replacement of Simon Thomas with effect from April 1.

Provident Financial plc is a British sub-prime lender, also described as a “doorstep lender”, based in Bradford, West Yorkshire. It specialises in credit cards, home collected credit, online loans and consumer car finance.

Kapur has been drawn away from Secure Trust Bank PLC where he worked as CFO for eight years. He will leave the firm on March 31 and Secure Trust added that it has kicked off a search to find his successor.

Speaking on the appointment, Chief Executive Provident Financial Malcolm Le May said: “I am very much looking forward to Neeraj Kapur joining Provident Financial as chief finance officer. He has deep retail banking, consumer finance and savings experience and expertise, and will be an excellent addition to the senior leadership team as we continue to re-establish Provident Financial as the market leading sub-prime lender.”

The FTSE250 listed firm said that Thomas would be stepping down in 2020, which followed a three month period of medical leave which he took earlier this year.

Provident Financial hit news headlines earlier this year, as Non Standard Finance saw a bid rejected for a potential merger deal.

In a time where the global banking and finance industry is looking rather gloomy, the new appointment should be a point of positive for the firm.

Only a few days back Moody’s lowered the UK banking outlook from stable to negative, which reflected a host of political and economic uncertainties which shroud UK business.

Inevitably, the appointment is a step in the right direction for Provident Financial. However external factors such as Brexit complications, the upcoming general election recently and the ongoing feud between the United States and China have weighed heavily onto the dampening of recent trading.

 

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