The Alternative Bank, Nigeria’s largest ethical bank and a member of the Sterling Financial Holdings Group, has announced the appointment of Korede Demola-Adeniyi as Executive Director, Sales (South), following approval by the Central Bank of Nigeria.
Korede Demola-Adeniyi brings to The Alternative Bank a wealth of expertise and a proven track record of excellence in the banking sector; accumulated over an illustrious 30-year career.
She has held pivotal roles in Consumer Banking and Treasury across leading financial institutions, including Ecobank and the United Bank for Africa, contributing significantly to their growth and success across various African markets.
Speaking on the appointment of the new director, CEO of The Alternative Bank, Hassan Yusuf said, “A visionary leader like Korede Demola-Ade
niyi is rare. Her remarkable blend of strategic insight, dedication to ethical banking, growth-focused mindset, and unwavering commitment to customer satisfaction makes her the ideal choice for Executive Director, Sales (South) at The Alternative Bank. We are confident that Korede will play a pivotal role in our journey towards redefining banking in Nigeria and beyond.”
Before joining The Alternative Bank, Korede made substantial contributions as the Head of Consumer Banking at Ecobank Nigeria Limited, where her visionary leadership was instrumental in spearheading transformational consumer banking initiatives.
Her tenure at Ecobank was marked by a series of key positions such as Group Head, Personal Banking (2014–2018), and Group Manager, ALM (2012–2014), where she was celebrated as the pioneering Head of Personal Banking in Nigeria. She is not new to serving on boards, as she has garnered cognate experience in her current role as a Non-Executive Director at Old Mutual General Insurance.
Korede holds both master’s and bachelor’s degrees in economics from the University of Lagos, and the University of Benin, respectively.
Her commitment to continuous learning and leadership development is demonstrated by her participation in executive programs at world-renowned institutions, including Harvard Business School, Yale School of Business, and Lagos Business School.
Throughout her career, Korede has been a catalyst for innovation and growth, driving the development and implementation of successful business strategies and new product launches.
Her strategic acumen has consistently led to substantial customer base growth and revenue increases, solidifying her reputation as a transformative leader in the banking sector.
Korede’s approach to leadership is characterized by a commitment to collaboration, empowerment, and inclusivity. Her dedication to customer-centricity and building trust through open dialogue not only aligns with the values at The Alternative Bank but has also set new standards for excellence within the industry.
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