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Adewole resigns as MD of LivingTrust Mortgage Bank

todayFebruary 5, 2024 9

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Mr Adekunle Adewole has resigned as the Managing Director of LivingTrust Mortgage Bank.

His resignation was contained in a corporate notice filed with the Nigerian Exchange Limited stating that he voluntarily resigned his position, ahead of the expiration of his tenure.

Adewole became the bank MD in May 2020. During his time in office, Adewole supervised the growth in the bank’s Profit Before Tax which rose from N57m in 2019 to N1.02bn in 2022. The statement further stated that Adewole’s resignation became effective January 30, 2024.

Adewole holds a master’s degree in business law, and a Ph.D. in Strategic Management, and is an alumnus of Lagos Business School, INSEAD, and Oxford University, UK.

Under his leadership, LivingTrust won the Development Bank of Nigeria Award of the ‘Financial Institution with Highest Impact on Start-Ups and MSME accessing Credit for First Time’ in 2022 and 2023, as well as the award of the ‘Most Improved Mortgage Bank 2022’ and ‘Africa’s Most Reliable Mortgage Bank 2022’ by Africa Fintech Brands.

Written by: EaglesFM

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