Day: March 29, 2019

Head, Coronation Securities,

B.A (Hons), M.Sc Finance & Investment

Uwana has over 7 years’ Institutional Sales and core Research experience with a focus on Business and Economic Advisory, Relationship Management, Client Coverage, Business Origination and Development

She was part of Stanbic IBTC’s Financial Institutions Team, charged with managing correspondent banks, non-bank financial institutions and development financial institutions.

Some of her achievements include generating leads for transactions worth over US$1.5 billion and originating four (4) crucial capital markets transactions in 2016

At Coronation Securities Limited, she overseas the firm’s sales and trading strategy. Her core responsibilities include, deal origination, client coverage and relationship management

Group Head, Securities Dealing

B.Sc Business Administration; MBA

Mrs. Sorae is a Fixed Income expert with experience in Fixed Income Trading, Portfolio Management, and Operational Management. As the Group Head of Securities Dealing at Coronation Merchant Bank since August 2015, Mrs. Sorae’s responsibilities include ensuring and managing the solvency of the bank, market and liquidity risks, profitable investments, and facilitating the development and implementation of activities to contribute to the business’s market share, annual revenue and growth targets.

She commenced her career after participating in the traineeship programme at the Access Bank School of Banking Excellence in May 2006. Thereafter, Mrs. Sorae became Head, Assistant Branch Operations, and in April 2007, she was appointed to lead the Fixed Income Department of Access Bank Plc. From there, she was transferred to the Corporate Finance Unit of the Bank in January 2011. Mrs. Sorae joined Dunn Loren Merrifield in March 2011 as Head of Fixed Income Sales and Trading, where she was responsible for setting up the fixed income unit, as it was a start-up investment banking firm at the time.

She has, at various times, participated in the Wharton Executive Education program undertaking courses on Investment Strategies and Portfolio Management. One of her notable achievements includes generating net income in excess of USD 2.0 million within the first year of Dunn Loren Merrifield operations, despite operating with limited balance sheet support and relatively low name recognition. Mrs. Sorae is also ACI certified (Association Cambiste Internationale).

Chief Financial Officer (CFO)

Postgraduate Diploma, Business Administration and MBA (Finance); ACA, ACCA, MNIM

Mr. Okoye is a treasury and credit accounting expert, with expertise in financial and management reporting, risk assessments and controls, equity valuations and corporate finance, and financial assurance and analysis. As the Group Head of Financial Control at Coronation Merchant Bank, his responsibilities include directing the fiscal functions of the Bank; overseeing the preparation of its budget and implementation; anticipating and controlling financial risks; and ensuring the development and implementation of accounting policies and procedures, in accordance with leading practices and standards.

Mr Okoye’s accounting experience began at PricewaterhouseCoopers (PwC) Nigeria, where he trained in Assurance and Advisory Services. He was involved in several IFRS Conversion Engagements for the firm’s clients. After his time in consulting, he joined United Bank for Africa as Team Lead of Financial Control and Head of Financial and Technical Analysis, where he was responsible for IFRS Compliance and Financial Reporting. In November 2015, he joined Coronation Merchant Bank as Head of Financial Control.

He is a member of Nigeria Institute of Management. He is a member of the Association of Chartered Certified Accountants UK and Associate member of Institute of Chartered Accountant of Nigeria.

Head, Enterprise Management

B.Sc Chemical Engineering;
M.Sc Chemical Process Engineering 

As the Group Head of Enterprise Management at Coronation Merchant Bank, Mrs. Aiwerioghene’s core focus is on developing her knowledge and potential in Human Resources, Process Redesign, Business Effectiveness, Strategy Articulation, and Corporate Communications and Branding.

Her responsibilities include; facilitating the development of the bank’s long-term and annual strategic plans, as well as monitoring and evaluating the implementation of same; providing strong leadership in establishing and communicating appropriate human capital strategies, policies, procedures, initiatives and systems to ensure understanding and buy-in of HR practices across the Group and, developing the overall brand strategy and extending the brand consistently through multiple channels.

Over the course of her career, she has built a core expertise in HR and strategy advisory, project management and business planning. Her career began in 2007 at Ariosh Limited Nigeria. In October 2008, she joined the Management Consulting division of KPMG Professional Services, Nigeria, where she played a key role by providing deep knowledge of the oil and gas and financial services industries in Nigeria.

She has worked on projects for various clients designing and recommending optimal operating models and supporting business structures and was part of the team that developed the strategy blue print for one of Nigeria’s leading banks. She was a member of the KPMG team that was responsible for the successful transition of Associated Discount House Limited (ADHL) to Coronation Merchant Bank, and has developed leading policies and frameworks to guide the banks processes and operations. She also successfully facilitated the recruitment of majority of the banks existing workforce, as well as the succesful design and implementation of the Coronation MB brand

Chief Audit Executive

B.sc Zoology (Science), FCA, CISA, ACIN, IIA

Dele has acquired over two decades’ professional banking experience spanning across Risk Management, Internal Control, Internal Audit and banking operations.

Prior to his current role as the Chief Internal Auditor, he was the Head, Quality Assurance Internal Audit Group in Access Bank  where he was responsible for aligning the processes and procedures defined by the Board and Top Management in line with the best practice. As the Country Operating Officer in Access Bank Zambia, he was responsible for the Bank’s operations and Information Technology.  

As the Chief Internal Auditor, Dele provides independent assurance to the Board of Directors and Senior Management on the quality and effectiveness of the Bank internal control, risk management, governance systems and processes.  

Group Head, Corporate Banking

B.Sc. Estate Management

Mr. Adekoya is an experienced banker whose core banking experience has covered financial and business advisory, wealth management, corporate finance, and credit and marketing. As the Group Head of Corporate Banking at Coronation Merchant Bank, he is responsible for the development of marketing and sales strategies, as well as products and services for the Division; originating and managing the bank’s relationships within the corporate market.

Mr. Adekoya began his banking career in August 2002 at Guaranty Trust Bank Plc (GTB) as an Executive Trainee in the Energy Unit of the Credit and Marketing Group. Prior to joining GTB, he worked as Head of Property Management at Leke Sanni & Associates. In May 2003, Mr. Adekoya joined Access Bank Plc as Senior Banking Officer, Global Financial Markets. He joined Coronation Merchant Bank in August 2015 as Assistant General Manager of Corporate Banking.

His achievements include participating in quasi-equity for Access Bank via long term convertible debenture, which is the first of such investment in a Nigerian Bank by a development finance institution. He also participated in promoting Gender Empowerment at Access Bank, by raising funds from the International Finance Corporation.

Cornelia George Utuk

LLB; BL; MBA

As the Group Head and Company Secretariat of the Legal and Administration Group at Coronation Merchant Bank, Mrs. Utuk’s responsibilities include providing advice and support on matters related to statutory regulations, employee relations, litigation, with the aim of mitigating Coronation Merchant Bank’s legal exposure; leading the development and implementation of the Bank’s legal strategy, as aligned with business goals; coordinating the identification of risks and their implications and advising accordingly; and reviewing the regulations of the organisation.

She began her two-decade-long career in the Credit Office of the now-defunct Standard Trust Bank in June 1999 and remained there until 2005, when it merged with the United Bank of Africa (UBA) Plc. Whilst at UBA, she developed knowledge and experience in Credit Analysis, Credit Control, Credit Monitoring and Credit Administration. In 2007, she left UBA to join Marina Securities Limited (MSL), as the Company Secretary/Head of Corporate Services. During her time at MSL, she also served as the Company Secretary of its subsidiaries, Marina Securities Stockbroking Services Ltd. and United Securities Ltd. She joined Associated Discount House Limited (ADHL) in September 2014 as the Company Secretary/Legal Adviser and Group Head for Corporate Services.

Mrs. Utuk was enrolled as a Solicitor and Advocate of the Supreme Court of Nigeria in 1998. She is a member of the Business Law section of the Nigerian Bar Association, the Commonwealth Lawyers Association, and an Affiliate Member of the Chartered Institute of Personnel Management in the UK

Chief Risk Officer

BSc. Economics, MBA, MSc. Risk Management

Magnus Nnoka has over 20 years’ experience in the banking sector that cut across core areas of Treasury, Branch Management/operations and enterprise risk management where he has spent over 15 years

Prior to joining Coronation Merchant Bank, he was Head, Business support & Recovery unit at Union Bank where he contributed 25% to the bank’s gross earnings through recovery of impaired loans in 2015. Before this, he was a Country Head, Group Special Asset Management at Standard Chartered Bank Plc and was also the Head, Credit Risk Management, in Diamond Bank Plc.

As Chief Risk Officer, Magnus is responsible for development and implementation of effective enterprise risk  management  framework in accordance with industry and global best practices

Group Head, Investment Banking

B.Sc. Accounting; MBA; CFA, FCA, ACTI

Mr. Sanusi is the Group Head, Investment Banking, and is responsible for the origination and execution of capital markets, mergers & acquisitions and project & structured finance transactions within the Coronation Merchant Banking Group.

He began his career in 2003 as an Analyst in the Information Risk Manageent Department of KPMG Professional Services. In 2004, he joined Vetiva Capital Management Limited as an Investment Banking Analyst and then rose to become Deputy Head of Investment Banking between 2008 and 2009. He joined Renaissance Capital as Vice President, Investment Banking after being an Investment Adviser within in the Investment Division of African Finance Corporation. He later became a Director, Investment Banking at Renaissance Capital where he was responsible for the West African Investment Banking business. Mr. Sanusi has executed transactions in excess of USD 7 billion in his entire investment banking career as at date.

Mr. Sanusi holds a first-class degree in Accounting from the University of Lagos, where he was the best graduating student in the Faculty of Business Administration. He has an MBA with majors in Private Equity and Venture CApital from the Wharton School, University of Pennsylvania. He is a Chartered Financial Analyst (CFA) Charter holder, a fellow of the Institute of Chartered Accountants of Nigeria (FCA) and an Associate Member of the Chartered Institute of Taxation of Nigeria (ACTI).

Executive Director, Chief Operating Officer

BSc. Mechanical Engineering, MBA​

Banjo has over 25 years banking experience in operations, technology and product management spanning international trade, foreign and local payments, foreign exchange, fixed income, money markets and loans.​

He spent 14 years in Citibank Nigeria (formerly Nigeria International Bank Ltd) in various functions including technology, business process improvement and trade operations, rising to become the Head, Trade Operations in 2005 prior to joining Access Bank in March 2007. He was at various times group head, Global Trade, group head, Global Payments and group head, Corporate Operations before joining Coronation Merchant Bank in July 2018.​

As Executive Director and Chief Operating Officer at Coronation Merchant Bank, he is responsible for the strategic direction for the back office, technology and electronic/digital channels for the group​