Zenith Bank Assigns Abiodun Durosinmi As New CFO

Zenith Bank Plc, one of Nigeria’s largest and most reputable financial institutions, has officially appointed Mr. Abiodun Durosinmi as its new Chief Financial Officer (CFO), effective since October 14, 2024.

This appointment comes after the recent approval from the Central Bank of Nigeria (CBN), further strengthening the bank’s leadership team.

Mr. Durosinmi succeeds Mr. Mukhtar Adam, who served as CFO for six years, from May 2018 to October 2024. During Adam’s tenure, Zenith Bank maintained a robust financial position, contributing to the bank’s continued success in Nigeria’s banking sector.

Prior to his appointment as CFO, Mr. Durosinmi was the Chief Operating Officer/General Manager for Finance, Operations, and Technology at Zenith Bank (Ghana) Limited. His role there was instrumental in driving the bank’s growth, improving profitability, and supporting the regional expansion of the Zenith Bank Group, a key player in West Africa’s financial sector.

With over 20 years of experience within Zenith Bank Group, Mr. Durosinmi has held various leadership positions, including CFO/Head of the Accounts Department at Zenith Pensions Custodian Limited, Head of Oil and Gas Upstream, and Deputy Group Chief Compliance Officer.

A qualified Chartered Accountant and Fellow (FCA) of the Institute of Chartered Accountants of Nigeria, Mr. Durosinmi also holds an MSc in Finance from the University of Leicester and a Global MBA from Alliance Manchester Business School. He has enhanced his expertise by attending several Executive Management Programmes at prestigious institutions like Harvard Business School and London Business School.

In its recent official statement, Zenith Bank Plc expressed confidence in Mr. Durosinmi’s financial leadership skills, highlighting his vast experience in financial management, corporate governance, and capital markets. “His appointment ensures Zenith Bank remains well-positioned for sustained growth, increased investor engagement, and reinforces our commitment to maintaining strong financial leadership in the face of an evolving global market.”

With Mr. Durosinmi at the financial helm, Zenith Bank Plc is expected to further solidify its standing as one of Africa’s top financial institutions, navigating the complexities of the dynamic Nigerian banking industry and fostering continued innovation and expansion in the global banking landscape.

This strategic leadership appointment not only reinforces Zenith Bank’s growth strategy but also reflects the institution’s dedication to delivering exceptional value to stakeholders and shareholders alike, ensuring it remains a dominant player in the African banking ecosystem.