August 8, 2024/Coronation Merchant Bank
Coronation Merchant Bank, Nigeria’s leading investment bank, is pleased to announce the appointment of Paul Abiagam as its Acting Managing Director/CEO. This strategic appointment, effective immediately, is part of a robust succession framework designed to ensure the Bank’s continued leadership and innovation in the African financial subsector.
Paul Abiagam, who previously served as Deputy Managing Director of Coronation Merchant Bank, takes over the reins with a track record of spearheading strategic initiatives that have significantly enhanced the Bank’s financial and operational performance. His expertise spans corporate, commercial, and consumer banking, with a notable focus on strategic business development and wealth management.
Commenting on the appointment, Mr Babatunde Folawiyo, Chairman of Coronation Merchant Bank, said, “Paul is a proven leader whose strategic understanding and extensive experience in the banking sector make him the ideal choice to steer Coronation Merchant Bank through its next phase of growth. His appointment as Acting Managing Director/CEO aligns with our phased leadership transition plan, carefully executed with the cooperation of the erstwhile MD/CEO, Banjo Adegbohungbe. We fully believe in Paul’s ability to drive our strategic goals and deliver exceptional value to our stakeholders.”
Through his professional career, spanning over two decades, Abiagam has built a reputation for leading high-performing teams to achieve remarkable results. His roles at recognised financial services companies involved driving significant transformations with innovative strategies and aligning systems with corporate goals, unlocking exponential profitability and growth.
Paul’s leadership skills are complemented by his strong analytical capabilities in finance, risk management, and operations. These capabilities have been instrumental in developing cutting-edge insights that propel sustainable profits. His forward-thinking approach to international trade finance and asset management has established him as a leader within the banking industry.
