Gbenga Alade: What to know about new AMCON CEO

President Bola Tinubu has on February 22nd appointed Gbenga Alade as the new Chief Executive Officer (CEO) of the Asset Management Corporation of Nigeria (AMCON), although the appointment is subject to confirmation by the Nigerian Senate. 

Ajuri Ngelale, the Presidential Spokesman, affirmed Tinubu’s approval emphasising that Tinubu has set high standards for the new appointee anticipating unwavering dedication, professionalism, and diligence in their roles. 

 key things to know about Gbenga Alade:

Background

Gbenga Alade, born on June 15, 1965, in Lagos, Nigeria, is a Nigerian banker, philanthropist, and finance expert of Nigerian nationality. He hails from Ogun State and follows the Christian religion.

Education

Alade completed his schooling at a Local High School and obtained a Bachelor of Science and Master of Science in Banking and Finance from St. Gregory’s College, University of Lagos, between 1981 and 1986.

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Career path

• Started as a trainee accountant at Arthur Andersen in 1988.
• Joined Citibank Nigeria as a Relationship Manager in 1992.
• Progressed to roles including Head of Corporate Finance and Head of Global Transaction Services at Citibank Nigeria.
•  Served as Executive Director of Corporate Banking at GTBank from 2002 to 2008.
• Held the position of Deputy Managing Director of GTBank from 2008 to 2012.
•  Managed GTBank UK as the Managing Director and Director from 2014 to 2018.

Achievements and awards

•  Received accolades such as Banker of the Year Award and African Banker of the Year Award.
•   Honored with the National Honour of the Officer of the Order of the Niger (OON) by the President of Nigeria.
• Awarded the Lifetime Achievement Award by BusinessDay Newspaper and the Leadership Award by the Nigerian Economic Summit Group.

Family

Married to Olufunke Alade, a lawyer and human rights activist, with whom he has three children (two sons and one daughter).

Parentage

Born to Mr. and Mrs. Alade, with his father being a businessman and his mother a teacher.

Net worth and assets

Alade’s net worth is N20 Billion ($52.6 Million), accumulated through his career. He owns assets including a mansion in Ikoyi, Lagos, a penthouse in London, a farm in Ogun State, and a stake in GTBank UK. His car collection comprises a Rolls Royce, a Bentley, a Range Rover, and a Mercedes Benz.

Current role

Currently serves as the Managing Director and CEO of Asset Management Corporation of Nigeria (AMCON), appointed by President Bola Tinubu on February 22, 2024.

These points provide an overview of Gbenga Alade’s life, career, achievements, and current position.