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Dawodu appointed CEO of Citi Nigeria

By on June 24, 2015

Citi has named Mr. Akin Dawodu as the chief executive officer (CEO) of Citi Nigeria, with a charge for him to grow the bank’s business in the key African market.

Prior to his appointment, the new CEO was the Chief Operating Officer and Public Sector head, and an executive director for Citi Nigeria.

“Nigeria is the biggest economy in Africa and Citi has been here since 1984. We need to redouble our efforts to tap into the exciting growth opportunities that are clearly visible on this key country’s economic landscape,” the international stressed in a statement.

Citi Nigeria offers a broad range of services, including transaction banking, sales and trading, corporate finance and investment banking for corporates, financial institutions and public sector organisations.

Dawodu’s appointment was approved by the board of directors of Citibank Nigeria Limited, Citi’s legal operating entity in the country. His appointment has also been approved by the Central Bank of Nigeria.

He replaces Omar Hafeez who was the MD/CEO of Citi Nigeria for three years.

Omar has moved on to the North America Global Subsidiary Group (GSG) of Citibank in New York and will have leadership responsibility for Citi’s GSG franchises in the US and Canada.

Dawodu joined Citi in June 2000 as a foreign exchange dealer based in Lagos. He became chief dealer in 2003, before leaving the bank in 2005 to become the first treasurer of MTN Nigeria.

He returned to Citi in July 2007, and subsequently became fixed income currency and commodities head and country treasurer in October 2007.

Akin became the Chief Operating Officer and public sector head for Citi Nigeria in January 2013. He has played a decisive role in general franchise management and developing our interface between Citi and the Nigerian public sector.

He attended Kings’ College Lagos and the University of Lagos. He also holds an MBA from Manchester Business School and became a holder of the Chartered Financial Analyst (CFA) designation, awarded by the CFA Institute in 2003. He is also the immediate past president of the Financial Market Dealers’ Association.

 

[ThisDay]