Access Bank Plc has appointed Oluseyi Kumapayi as Deputy Managing Director, African Subsidiaries, as the lender seeks to enhance profitability and returns from its operations throughout the continent.
The Bank introduced this in a press release launched to the investing public on the NGX.
The appointment, which took impact on October 27, 2026, follows approval from the Central Bank of Nigeria (CBN), based on a notification by Access Holdings Plc to the Nigerian Exchange Limited (NGX) on October 31.
Kumapayi was beforehand Executive Director, African Subsidiaries, a place he had held since November 2020. In his new position, he’ll retain accountability for the financial institution’s African operations, with an expanded mandate to enhance profitability, capital productiveness, operational efficiency and cross-border enterprise integration.
He may also help the Managing Director and Chief Executive Officer within the broader management and strategic administration of the financial institution.
The appointment comes as Access Holdings shifts its focus from increasing its banking footprint to maximising returns from its current operations, with better emphasis on subsidiary efficiency, disciplined capital allocation and operational effectivity.
Focus on African subsidiaries
According to Access Holdings, Kumapayi’s elevation reinforces the strategic significance of its African subsidiaries and the necessity to translate their established market positions into stronger earnings and improved returns on capital.
The group stated it’s more and more centered on extracting better worth from its banking franchise throughout Africa and chosen worldwide markets, fairly than prioritising enlargement alone.
Commenting on the appointment, Group Chairman of Access Holdings, Aigboje Aig-Imoukhuede, stated the group was decided to enhance the efficiency and contribution of its African subsidiaries.
He famous that the subsequent section of the group’s growth would require clearer accountability, stronger execution and disciplined capital allocation to ship improved monetary efficiency and sustainable shareholder worth.
Access Bank’s Managing Director and Chief Executive Officer, Roosevelt Ogbonna, additionally stated the financial institution would prioritise bettering returns throughout its African subsidiaries, strengthening execution and capturing better worth from its current franchise.
Who is Oluseyi Kumapayi?
Kumapayi brings greater than 25 years of banking expertise spanning monetary administration, technique, threat, treasury and enterprise growth.
He joined Access Bank in 2002 and served as Group Chief Financial Officer from 2007 to 2020, contributing to the financial institution’s monetary administration and strategic growth.
He subsequently grew to become Executive Director, African Subsidiaries, in November 2020, overseeing the financial institution’s operations throughout its African markets.
Kumapayi is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and holds an Executive MBA from IMD, Lausanne, as effectively as an Executive Master’s diploma in Digital Transformation and Innovation Leadership from IE University, Madrid.
He additionally holds levels from the Universities of Lagos and Ibadan and is an alumnus of Harvard Business School’s General Management Programme.
