ASHA Microfinance Bank Limited, a subsidiary of the renowned ASA International Group—one of the world’s leading microfinance institutions—announces the remarkable appointment of Funmilola Paseda Oladoyinbo as its first female Managing Director and CEO.
This significant leadership milestone demonstrates the bank’s commitment to diversity and innovation in the financial industry. Mrs. Paseda Oladoyinbo has over two decades of experience in Nigeria’s banking industry, establishing herself as a strong leader with a track record of success.
Her career has included significant roles at large banks such as the United Bank for Africa PLC, Access Bank PLC, Ecobank PLC, and Keystone Bank PLC. Most notably, she spent the last 13 years at FCMB as Assistant Vice President & Zonal Head, where she successfully drove performance and achieved strategic business objectives across numerous industries.
Mrs. Paseda Oladoyinbo has an MBA in Data Analytics from the prestigious Nottingham Business School (Nottingham Trent University), the United Kingdom, 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 completed a variety of Senior Management, Leadership, and Sales courses both locally and internationally.
Her broad experience includes Branch Operations, Private Banking/Wealth Management, Risk Management, Business Banking, and Retail Banking, which qualifies her to manage ASHA Microfinance Bank in its aim to improve financial inclusion and empower communities across Nigeria.
Funmilola Paseda Oladoyinbo joins ASHA Microfinance Bank as its first female managing director. Since its founding in 2009, ASHA Microfinance Bank has been committed to providing critical financial services to underserved groups while also promoting economic growth and social development. The Central Bank of Nigeria regulates the bank under the Bank and Other Financial Institutions Act No. 25 of 1991, and it holds a nationwide microfinance bank licence, confirming its position as a prominent participant in the financial landscape.
ASHA Microfinance Bank, led by Mrs. Paseda Oladoyinbo, aspires to increase its effect in the microfinance sector by encouraging innovation and inclusivity while driving long-term growth. The board of directors and management team are confident that her vision and strategic acumen will help the bank meet the changing needs of its clients and stakeholders.
This nomination not only represents a tremendous success for ASHA Microfinance Bank, but it also serves as an inspiring example of women’s advancement in financial industry leadership. Mrs. Paseda Oladoyinbo’s appointment to this crucial position exemplifies the bank’s commitment to establishing a diverse and inclusive environment, setting a standard for future sector leaders.
