Coronation Merchant Bank Appoints Ohiwerei as New CEO
Coronation Merchant Bank has appointed Obeahon Ohiwerei as its new Managing Director and Chief Executive Officer after receiving regulatory approval from the Central Bank of Nigeria.
He succeeds Paul Abiagam, who oversaw a period of growth and transformation that included the bank’s successful recapitalisation, stronger corporate governance, digital transformation and improved market positioning.
Board Chairman Babatunde Folawiyo described the appointment as a significant step in the bank’s next phase of growth, expressing confidence in Ohiwerei’s ability to build on the institution’s achievements. He also commended Abiagam for his leadership and contributions to strengthening the bank over the years.
In his remarks, Abiagam thanked the board, staff and stakeholders, saying he was proud of the progress made during his tenure and confident the bank would continue to thrive under its new leadership.
Ohiwerei brings more than three decades of banking experience, having previously held senior leadership positions across corporate banking, risk management, business transformation and institutional banking. His past roles include Managing Director of UBA Ghana, Executive Director at Access Bank and Managing Director of Keystone Bank.
He said his priorities would include expanding client relationships, growing the bank’s advisory and capital markets business, enhancing digital services and maintaining strong governance and risk management standards.
The bank also announced the appointment of Nana-Adjua Mensah and Adetola Owolabi as Independent Non-Executive Directors, saying the additions will strengthen the board’s expertise and support its long-term strategic objectives.
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