News Column

Skye Bank's MD-Designate Prepares for New Role

May 19, 2014



The dawn of every new day brings Timothy Oguntayo closer to August when he would officially assume his position as the substantive Managing Director/ Chief Executive Officer of Skye Bank. Oguntayo takes over from Kehinde Durosinmi Etti whose tenure as MD/CEO runs out on July 31st. Oguntayo is an alumnus of the prestigious INSEAD, Fontainebleau in France, Fellow of the Chartered Institute of Bankers of Nigeria and has over two decades of banking experience in corporate finance and investment banking, business development, credit and marketing and operations.

He was first appointed to the board of the bank on August 18, 2009 and was the pioneer MD/CEO of Skye Financial Services Limited (the investment banking arm of Skye Bank) before the bank's divestment from the company in 2012. Prior to this appointment, Oguntayo was the executive director responsible for the supervision of corporate and investment banking group, commercial banking in the South-West region and all the international banking subsidiaries of Skye Bank. His appointment was ratified by the Central Bank of Nigeria last April. Between then and now, sources in the bank say Oguntayo has been laying the foundation for successes when he resumes in office.

Though not new to high-wire banking operations, he is reportedly making wide consultations with shareholders and owners of the bank because of the mountain of expectations ahead of him. Over the last few weeks, the hitherto self-effacing MD/CEO-designate has become more accommodating and when sighted at a function recently, he obliged virtually everybody who sought his complimentary card.


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Source: AllAfrica


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