Dr. Korede Adedayo is the current Managing Director/Chief Executive Officer of FirstTrust
Mortgage Bank Plc,
a leading Primary Mortgage Bank that is at the forefront of the Nigerian mortgage banking
sector.
He started his career with the West African Examination Council (WAEC) in 1990 but in his
pursuit for excellence,
moved into the Banking Sector in 1997, where he worked with EIB International Bank (now Polaris
Bank Limited).
In 2001, he progressed to Indo-Nig Bank Limited (Now Sterling Bank Plc), then to United Bank for
Africa (UBA),
and later to Keystone Bank (Bank PHB) where he oversaw the Commercial Banking Group.
In 2009, Korede Adedayo moved to First Bank of Nigeria Limited where he served as a Group Head
and
played a major pioneering role in building the Private Banking Group of the bank; afterwards,
he also became a pioneer member of the team that birthed the current Providus Bank.
As a seasoned banker with over two decades of experience that cuts across notable banks in
Nigeria,
he has built versatility and core competences across Retail Banking, Credit, Consumer Banking,
Wealth Creation and Management.
Following the divestment of FirstBank from FBN Mortgages Limited, Adedayo was appointed the
Managing Director/CEO of FirstTrust Mortgage Bank Plc in 2018 and went on to play the lead role
in the successful
merger between the erstwhile FBN Mortgages Limited and TrustBond Mortgage Bank Plc which
resulted in the emergence of
FirstTrust as the largest mortgage bank in Nigeria with a strong capital base and large asset
size.
Adedayo is a graduate of Accounting from the Lagos State University.
He is a Fellow, Institute of Credit Administration (FICA), a life member of the Institute of
Directors (IODs);
an Honorary Fellow of the Chartered Institute of Bankers of Nigeria (FCIB), and a member of the
Economic Advisory Council,
Kogi State. He currently sits on the Board of Mortgage Banking Association of Nigeria (MBAN) as
the National Treasurer,
as well as the Board of CIBN Press to mention a few. He has attended several executive trainings
within and outside Nigeria
including the renowned Global Business Schools - INSEAD Business School, France and The Wharton
School of the University of Pennsylvania,
Philadelphia, USA.
Korede is also the recipient of many notable awards among which are Best Mortgage Bank CEO of
the Year, Nigeria, 2021,
by International Business Magazine; Best Mortgage Bank CEO of the Year, Nigeria, 2021 and 2022
by Africa Housing Awards;
the Asset Management Director of the Year 2021 by the Institute of Credit Administration (ICA);
the House of Representative Committee on Police Affairs “Ambassador for Peace and Unity Award”;
Merit Award for notable contribution to his community development; Meritorious Service Award by
Confluence New Watch,
Kogi State; Okun Youth Ambassador of the Year by Okun Youth Association.
In 2024, owing to his notable contribution to the banking and financial services sector and to
humanity in general,
he was conferred with a Honorary Doctorate Degree by Joseph Ayo Babalola University (JABU).
He is a Board-Certified professional and an alumnus of the Oxford Bank Governance Programme,
with extensive expertise in corporate governance and leadership.
Under his leadership, FirstTrust Mortgage Bank has also won the award for Best Mortgage Bank,
Nigeria,
2023 by the Africa Housing Awards as well as the award for Best Mortgage Bank in Nigeria, 2021
by the International Financial Magazine.