Black Affairs, Africa and Development

Top 13 Nigerian CEOs 2013

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Olusegun Agbaje Guaranty Trust Bank Industry: Banking

Now many would wonder what will be the fate of GTBank after its co-founder and former CEO Tayo Aderiokun passed away in 2011. But Olusegun Jimi Agbaje has proved to be a worthy successor by taking the bank to a greater height. Agbaje has successfully improved GT Bank’s standing with its impressive year-on-year market share growth while maintaining the bank’s position as one of the most profitable bank in Nigeria for the last 3 years. Agbaje, GT Bank’s third CEO joined a pioneer staff in 1991, after a stint at Ernst & Young, San Francisco, USA. He subsequently rose through the ranks to become an Executive Director in January 2000 and was later appointed deputy managing director in 2002, a position which he held until April 2011, when he was appointed as Acting Managing Director. With over 21 years of investment and international banking experience, the Harvard Business School alumnus has experience in-most aspects of the bank’s business, including commercial banking, investment banking, treasury, corporate planning and strategy, settlements and operations. This year, he was awarded the 2013 Banker of the Year – Africa by the World Finance Banking Awards- an award conferred on outstanding bankers who have achieved the most with regards to innovation, profitability and sustainability of their organization. GT Bank was also favored as “2013 Best Banking Group – Nigeria” by the same agency. Also London-based EMEA Finance magazine rated Guaranty Trust Bank Plc as Africa’s ‘Most Innovative Bank’ 2013 while Segun Agbaje was recognised as the 2013 pan-Africa CEO of the Year. Many will also agree that the bank today is one of the most innovative and tech-savvy bank in Nigeria. Agbaje through his leadership redefined mobile banking in Nigeria this year with the introduction of “Social Banking” which made it the first Nigerian bank to allow customers to transfer money and review their account balances on Facebook.


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