The appointments were confirmed in a notification addressed to the Nigerian Exchange Group Limited (NGX Group) and signed by Dr. Olumide Adedeji, the Managing Director and Chief Executive Officer of LivingTrust Mortgage Bank Plc.
New Executive and Non-Executive Directors
The newly appointed board members include:
- Mr. Timothy Gbadeyan: Appointed as Executive Director in charge of Mortgage Services, Gbadeyan previously served as the Company Secretary and Group Head of Legal and Corporate Strategy. He holds a Bachelor’s Degree in Law from the University of Ilorin, a Master’s Degree in Business Administration from UCAM University, Spain, and a Postgraduate Diploma in General Administration from Cambridge International Qualifications, UK. He is also a Certified Project Management Professional and an Associate Member of the Chartered Management Institute, UK.
- Dr. Gbadebo Ayinde: Appointed as Executive Director in charge of the Public Sector Group, Dr. Ayinde brings extensive experience in town planning and the built environment. He holds an HND in Town Planning from The Polytechnic, Ibadan, a Master’s Degree from Ogun State University, and a PhD from the Federal University of Technology, Akure. He also has a Certificate in Project Management and previously served as a member of the House of Representatives (2003–2007), where he was Deputy Chairman of the House Committee on Works.
- Hon. Olusola Ogungbile: A Non-Executive Director, Ogungbile is the Commissioner for Finance in Osun State. He holds a Master’s Degree in Public Administration and brings over two decades of banking experience to the board.
- Mr. Adeola Olajide: A Non-Executive Director, Olajide is a former Partner at PwC and holds an MBA from Warwick Business School, UK. He brings strategic expertise to the board.
- Mr. Olanrewaju Afolabi: A Non-Executive Director, Afolabi has over 20 years of experience in mortgage banking and a background in Economics.
Independent Non-Executive Directors
The board also welcomes three Independent Non-Executive Directors:
- Mrs. Adedoyin Amosun: A Chartered Accountant with 27 years of experience, Amosun previously served as an Associate Director at PwC.
- Dr. Kamaldeen Adekilekun: A legal expert with a PhD in Law and over 20 years of experience, Dr. Adekilekun brings a wealth of legal knowledge to the board.
- Mr. Michael Omolaja: A former General Manager at FirstBank, Omolaja boasts over three decades of industry experience and holds a Master’s Degree in Intelligence and Strategic Studies.
Acting Company Secretary and Head of Legal Services
In addition to the board appointments, Mrs. Dorcas Oluwaseun Ajayi has been named the Acting Company Secretary and Head of Legal Services. With over 17 years of post-call experience, Mrs. Ajayi brings extensive expertise in corporate law, having served as senior-level in-house counsel for nearly a decade.
Strategic Implications of the Appointments
The appointments reflect LivingTrust Mortgage Bank Plc’s commitment to strengthening its leadership team with seasoned professionals who bring diverse expertise and experience. The inclusion of individuals with backgrounds in law, finance, public administration, and mortgage banking underscores the bank’s focus on driving growth, innovation, and excellence in its operations.
Dr. Olumide Adedeji, the Managing Director and CEO, emphasized the importance of these appointments in advancing the bank’s strategic goals. “We are confident that the new board members will contribute significantly to our mission of delivering exceptional value to our stakeholders and driving sustainable growth in the mortgage banking sector,” he said.
With the approval of the Central Bank of Nigeria, LivingTrust Mortgage Bank Plc has taken a significant step toward reinforcing its leadership and positioning itself for future success. The newly appointed directors bring a wealth of experience and expertise that will be instrumental in guiding the bank’s growth trajectory and enhancing its service offerings in the Nigerian mortgage banking industry.