Access Bank Restructures Leadership to Boost African Earnings and Digital Efficiency
Access Bank has elevated Oluseyi Kumapayi to Deputy Managing Director, African Subsidiaries, and appointed Olanrewaju Bamisebi as Executive Director, Information Technology and Digitalisation.
In Brief
- •Access Bank has elevated Oluseyi Kumapayi to Deputy Managing Director, African Subsidiaries, and appointed Olanrewaju Bamisebi as Executive Director, Information Technology and Digitalisation.
- •The appointments took effect on October 27 and 28, 2026, respectively, following approval by the Central Bank of Nigeria.
- •The restructuring aims to improve profitability, capital efficiency, and operational performance across the bank's operations.
Why It Matters
The leadership changes at Access Bank reflect a strategic shift from expansion to optimizing existing operations. By focusing on the profitability of African subsidiaries and integrating technology, the bank aims to enhance financial performance and shareholder value. This restructuring is crucial for maintaining competitive edge in the banking sector and adapting to the digital transformation trends.
Key Details
- Effective Date Kumapayi
- October 27, 2026
- Effective Date Bamisebi
- October 28, 2026
- Kumapayi's Previous Role
- Executive Director, African Subsidiaries
- Bamisebi's Previous Role
- Technology Strategy and Shared Services at Access Holdings
Context & Background
Access Bank has been expanding its banking footprint across Africa. The restructuring is part of a broader strategy to shift focus from expansion to extracting greater value from existing operations.
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