The former Chief Executive Officer of FirstBank, Adesola
Adeduntan has launched a new financial services firm, Sequoia Financial
Services Limited, marking his first major move after stepping down from
the bank.
His decision to establish the company comes months after
his abrupt resignation from FirstBank in April 2024, despite being
scheduled to serve until December 31, 2024.
The seasoned banker, who led FirstBank for nine years,
now embarks on a new entrepreneurial journey, leveraging his decades of
experience in banking, corporate finance, and risk management.
While details about Sequoia Financial Services remain
scarce, the launch signals Adeduntan’s continued involvement in the
financial sector.
What he is saying
Announcing the launch of his new venture on LinkedIn,
Adeduntan expressed excitement about the transition, stating: “I am
happy to share that I am starting a new role as President and Founder of
Sequoia Financial Services Limited.”
With a distinguished career spanning multiple financial
institutions, Adeduntan is likely leveraging on his experience and
network to launch this new company. Before his tenure as FirstBank CEO,
he served as Executive Director and CFO of the bank.
He was also the pioneer Chief Financial Officer/Business
Manager at Africa Finance Corporation (AFC) and held senior roles at
Citibank Nigeria, KPMG Professional Services, and Arthur Andersen
Nigeria.
Beyond banking, he is actively engaged in corporate
governance and social impact initiatives, serving on the Steering
Committee of CACOVID and the Board of the Lagos State Security Trust
Fund.
About Sequoia Financial Services
Sequoia Financial Services is expected to focus on
financial advisory, investment management, and strategic consulting for
businesses and high-net-worth individuals. While specific details about
its operations remain undisclosed, the company is likely to leverage
Adeduntan’s extensive experience in banking and corporate finance.
Sources suggest to Nairametrics that Sequoia could
provide services ranging from wealth management and financial
structuring to capital advisory for businesses navigating Nigeria’s
complex financial landscape.
Given Adeduntan’s background in risk management and
financial strategy, the firm may position itself as a premium advisory
firm targeting corporate clients, financial institutions, and investors.
With a growing number of ex-bank CEOs venturing into
private financial services, Sequoia enters a competitive but lucrative
space, where industry veterans leverage their network and expertise to
offer bespoke financial solutions.
Nairametrics
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