Adeduntan Launches Sequoia Financial Services 

The former Chief Executive Officer (CEO) of FirstBank, Mr. Adesola Adeduntan, has launched a new financial services firm, Sequoia Financial Services Limited, marking his first major venture since stepping down from the bank in April 2024.

He, who led FirstBank for nine years, brings a wealth of experience in banking, corporate finance, and risk management to his new firm. While details about Sequoia Financial Services remain scarce, the company is expected to focus on financial advisory, investment management, and strategic consulting for businesses and high-net-worth individuals.

Announcing the launch recently on LinkedIn, Mr. Adeduntan shared his excitement about this transition, stating:  “I am happy to share that I am starting a new role as President and Founder of Sequoia Financial Services Limited.”

Before his tenure as FirstBank’s CEO, Mr. Adeduntan served as Executive Director and Chief Financial Officer (CFO) of the bank. He was also the pioneer CFO/Business Manager at Africa Finance Corporation (AFC) and held senior roles at Citibank Nigeria, KPMG Professional Services, and Arthur Andersen Nigeria.

With a background in risk management and financial strategy, Sequoia Financial Services is expected to position itself as a premium advisory firm, offering wealth management, financial structuring, and capital advisory services to businesses navigating Nigeria’s complex financial landscape.

As the financial industry watches closely, Sequoia Financial Services, will likely compete in the highly competitive private financial services sector, where ex-bank CEOs leverage their experience and networks to offer bespoke financial solutions.