Keystone Bank appoints Olaniran Olayinka as the Acting Managing Director

NIGERIA – The Board of Directors of Keystone Bank Limited has announced the appointment of Mr. Olaniran Olayinka as the Bank’s Acting Managing Director/CEO, subject to approval by the Central Bank of Nigeria (CBN).

This is in line with the strategic intent to constantly align its corporate structures and processes to support the sustained push for growth.

In a statement by the Company Secretary & General Counsel of the Bank, Dr. Michael Agamah, Olayinka will lead the Bank’s Executive Management to drive its strategic business and corporate goals leveraging on the robust banking experience garnered over several years across various sectors of the economy.

Commenting on the development, the Chairman of the bank, Alhaji Umaru H. Modibbo, disclosed that the appointment of Mr. Olayinka as Acting MD/CEO is based on the Bank’s corporate philosophy and culture of optimising her human capital through sustained leadership development.

He further stated that the Bank will continue to proactively nurture and harness its existing talents to assume leadership roles in the financial institution.

Olayinka, who is currently an Executive Director, holds a Bachelor’s Degree and a Master’s Degree in Economics from the Prestigious University of Lagos.

He has attended several executive courses and programmes in Banking Operations, Credit, Risk Management, Business Process Re-engineering, and Change Management, amongst others.

He had a four-year stint with PricewaterhouseCoopers and over 25 years banking experience covering Operations, Human Resources Management, Corporate Banking, Commercial Banking, Retail Banking and Institutional Banking.

The appointment comes shortly after Keystone Bank partnered with the Lagos Chambers of Commerce and Industry (LCCI) to launch an annual SME Support Centre to support the micro, small and medium scale enterprises (MSMEs) in Lagos State and by extension, Nigeria.

According to the LCCI, the inaugural edition of the programme which was held on 12th of March 2020 in Lagos, was aimed at introducing business consultancy services to boost businesses of entrepreneurs in the state.

The statement further said that the Chamber intends to achieve this through collaboration with external subject matter experts.

“The MSMEs is an integral sector in Nigeria. The free clinic is also coming at a time when stakeholders are raising concerns about planned increase in taxes and electricity bills. Therefore, our aim is to ensure that MSMEs get the necessary support through mentorship to stay afloat despite the various challenges.

“Partnering Keystone Bank on this project made the job easier because the bank is one of the financial institutions that believes so much in the growth of MSMEs in Nigeria,” the statement noted.

SME Support Center will provide a platform where SMEs can meet seasoned Consultants who will offer advisory services in areas of bookkeeping, capacity building, branding and digital marketing, to enable them remain competitive in the current business climate.

Keystone Bank is a technology and service-driven commercial bank offering convenient and reliable solutions to its customers.

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