The Board of Directors of Skye Bank Plc has appointed the Deputy Managing Director of the bank, Mr. Kehinde Durosinmi-Etti, as the Group Managing Director designate. The board also appointed a new Deputy Managing Director designate for the bank.

 
He will succeed the incumbent Chief Executive Officer, Mr. Akinsola Akinfemiwa, who retires at the end of July.

Akinfemiwa, having spent over 10 years as the Chief Executive Officer of both the defunct Prudent Bank and Skye Bank,  will call in time on an illustrious banking career spanning three decades at the end of July.

A statement issued by the bank yesterday described Durosinmi-Etti as a seasoned banker with many years of cognate banking experience, spanning Banking Operations, Treasury Management, Investment Banking, Project Finance and Commercial Banking. 

A 1982 Economics graduate of the University of Ibadan, Durosinmi-Etti is also a fellow of the Chartered Association of Certified Accountants (ACCA), United Kingdom. After a stint in audit practice, he started his banking career in 1987 when he joined the Nigerian-American Merchant Bank Limited before moving to Midas Merchant Bank as Head of Treasury and Assistant General Manager in charge of Money Market Division.

The statement further said he had stint at Lagos Building and Investment Company Limited before joining the then Eko International Bank (EIB) Plc and rose to become the Managing Director/Chief Executive Officer before the consolidation programme of 2005.

The Board also approved the appointment of Mr. Timothy Oguntayo as the Deputy Managing Director designate. Mr. Oguntayo is presently an Executive director in the bank, and has over 28 years of banking experience. His experience spans Corporate Finance, Credit and Risk Management, Corporate Banking, Investment Banking, Project finance and commercial banking. 

The Board is confident that the incoming leadership of the Management team of the Bank will build on the growth that has been achieved by Akinsola Akinfemiwa and his team, and will quickly consolidate and expand the frontiers of the Bank.