The Group Managing Director/Chief Executive Officer of First Bank, Mr. Bisi Onasanya is set to retire at a high point of his career.
His retirement takes effect at the end of the current Financial Year on December 31, 2015. Onasanya is retiring on the heels of an inspiring and enviable career spanning over three decades of diverse management and operational experience, 21 years of which he has spent with FirstBank, serving meritoriously in the last six years as Group Managing Director/CEO.
The Bank indicated in a statement that he has been able to stabilise and modernise the expanding First Bank brand since his appointment in 2009, thus reinforcing the confidence of the bankâ€™s diverse stakeholders and the global financial publics.
Onasanyaâ€™s successor will be announced in the last quarter prior to his exit. This is in sync with FirstBankâ€™s corporate governance practice, which provides for seamless transition for the office of Group Managing Director.
As is well known, First Bankâ€™s corporate governance posture has won it much respect and awards both locally and internationally.
A seasoned banker and chartered accountant; Mr. Onasanya is a highly respected and personable executive who has established a reputation at First Bank for solid performance and sound judgment.
He is widely reputed as the architect of the modern First Bank, associated with various innovative and creative achievements. He was Project Coordinator of Century 2 the new frontier, First Bankâ€™s far- reaching enterprise transformation project at the turn of the century, as well as Project Coordinator of the FirstBank Corporate Transformation project which has seen the bank accentuating its foothold on modernisation.
Onasanya also superintended the latest composite Corporate Identity/Brand Refresh of the FirstBank Group, a bold step heralding the international expansion of the FirstBank brand.
A corporate strategy and development pacesetter, Onasanya has ensured the steady internationalisation of FirstBank, which under his leadership now boasts of subsidiariesÂ with operations across Africa, Europe, the Middle East and Asia.
He is also reputed as a people person having pioneered significant transformation in the development of staff at First Bank.
His tenure saw the transformation of the bankâ€™s training centre into FirstAcademy, a best in class corporate university that recently clinched the 2015 Global Council of Corporate Universities Award for best impact by a corporate university on the implementation of business strategies.
The bank has also received the highly coveted Best Place to Work award.
An articulate and insightful thought leader in the financial services industry, Mr. Onasanya has made meaningful contributions as a member of the Bankers Committee and is the Chairman of the Sub Committee on Ethics and Professionalism.
He has served as a member of the Chartered Institute of Bankers Sub-Committee on Fiscal and Monetary Policies and a member of the Presidential Committee on Reduction of Interest Rates.
He has also delivered several papers and served on various conferences C-Suite panels across the globe.
He is Editor of the new book, â€œPerspectives on Banking in Nigeriaâ€, featuring a collection of learned articles by banking and finance professionals including operators, regulators and academics.
Onasanya is a Director of Africa Finance Corporation (AFC) and has been Chairman of First Registrars Nigeria Limited, Kakawa Discount House Limited, FBN Bank UK Limited and Unified Payments Limited.
A Fellow of the Institute of Chartered Accountants of Nigeria he is also an Associate Member of the Nigerian Institute of Taxation and a Fellow and Member of Council of the Chartered Institute of Bankers.
Onasanya was early in 2015 honoured as The Sun Man of the Year 2014 and Newswatch Man of the Year 2014 respectively, in recognition of his outstanding contributions to national development in the financial services industry.
Under Onasanyaâ€™s leadership FirstBank has been back to back winner of both national and international awards, having been named â€œThe Best Bank Brand in Nigeriaâ€ four times in a row â€“ 2011, 2012, 2013, and 2014 â€“ by the globally renowned â€œThe Banker Magazineâ€ of the Financial Times Group. For four consecutive years, 2012, 2013, 2014, and 2015 FirstBank has been named the â€œBest Retail Bank in Nigeriaâ€ by the Asian Banker International Excellence in Retail FinancialÂ Services Awards.
Other recent awards include the â€œBest Bank in Nigeriaâ€ in the Euromoney Awards for Excellence, â€œBest Bank in West Africaâ€ and â€œMost Innovative Bank in Africaâ€ in the African Banker Awards, â€œBest Bank in Nigeriaâ€ in the EMEA Finance African Banking Awards for the fourth time, â€œBest Foreign Exchange Services in Africaâ€ in the EMEA Finance Treasury Services Awards, â€œBest Banking Group in Nigeriaâ€ by World Finance Banking Awards, and â€œBest Financial Reporting Companyâ€ by Africa Investo