Nigeria: ASHA Microfinance Bank Appoints First Female CEO

ASHA Microfinance Bank Limited, a subsidiary of the prominent ASA International Group, has announced the appointment of Funmilola Paseda Oladoyinbo as its first female Managing Director and Chief Executive Officer.

With over 20 years of experience in the Nigerian banking industry, Mrs. Paseda Oladoyinbo is a seasoned leader with a proven track record. Her illustrious career includes significant roles at major banks such as United Bank for Africa PLC, Access Bank PLC, Ecobank PLC, and Keystone Bank PLC. Notably, she spent the last 13 years at FCMB, where she excelled as Assistant Vice President & Zonal Head, driving performance and achieving strategic business objectives across various sectors.

She holds an MBA in Data Analytics from Nottingham Business School (Nottingham Trent University), UK, an MBA in Marketing from Delta State University, and a Bachelor’s degree in Business Administration from Ambrose Alli University. She is a Fellow of the Institute of Credit Administration of Nigeria (FICA), an Honorary member of the Chartered Institute of Banking of Nigeria (HCIB), and has attended numerous senior management, leadership, and sales courses both locally and internationally. Her extensive expertise spans branch operations, private banking/wealth management, risk management, business banking, and retail banking.

Since its inception in 2009, ASHA Microfinance Bank has been committed to providing essential financial services to underserved populations, promoting economic growth and social development. Regulated by the Central Bank of Nigeria, the bank holds a nationwide microfinance bank license, solidifying its role as a key player in the financial landscape.

Under her leadership, ASHA Microfinance Bank aims to enhance its impact in the microfinance sector, fostering innovation and inclusivity while driving sustainable growth. The Board of Directors and the management team are confident that her vision and strategic insight will elevate the bank’s ability to meet the evolving needs of its customers and stakeholders.