Rand Merchant Bank (RMB) Nigeria has announced the appointment of Bayo Ajayi as its new CEO, following approval from the Central Bank of Nigeria (CBN).
Emrie Brown, CEO of RMB and Chairman of the RMB Nigeria Board, stated, “On behalf of the RMB Nigeria Board of Directors, I am pleased to officially welcome Bayo Ajayi as the CEO. He has a seasoned track record in banking, and I am confident in his ability to partner with clients while contributing to Nigeria’s growth.”
In response to his appointment, Ajayi remarked, “The opportunity to take up this role at such a critical time for RMB Nigeria is a humbling one. The team and I will work closely with our clients, who continue to demonstrate resilience. We are optimistic about driving economic development and sustainability together.”
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Ajayi, who brings extensive experience to his new role, previously served as an Executive Director and Chief Financial Officer at RMB Nigeria. With a 25-year career in leadership roles across Nigeria and Africa’s banking sector, Ajayi has a proven track record of delivering results. The Board is confident in his ability to advance the bank’s strategic goals.
Ajayi holds a B.Sc. in Chemical Engineering from Obafemi Awolowo University and has completed several senior management courses internationally. He is a Fellow of both the Institute of Chartered Accountants of Nigeria (ICAN) and the Association of Chartered Certified Accountants (ACCA), UK.
This leadership transition underscores RMB Nigeria’s strong talent pool and commitment to maintaining a resilient and sustainable organization. The bank remains dedicated to offering innovative financial solutions that foster business growth.
RMB Nigeria Limited, a member of the FirstRand Group, is a prominent African Corporate and Investment Bank, providing clients with advisory, funding, trading, corporate
