Funmilola Paseda Oladoyinbo Becomes ASHA Microfinance Bank’s First Female Managing Director

ASHA Microfinance Bank Limited, a subsidiary of the global microfinance giant ASA International Group, has made history by appointing Funmilola Paseda Oladoyinbo as its first female Managing Director and CEO. This landmark appointment highlights the bank’s dedication to promoting diversity and innovation within the financial sector.With over 20 years of experience in the Nigerian banking industry, Mrs. Paseda Oladoyinbo is a seasoned and accomplished leader.

She has held significant roles at top banks such as United Bank for Africa (UBA), Access Bank, Ecobank, and Keystone Bank. Most recently, she spent 13 years at FCMB, where she served as Assistant Vice President and Zonal Head, successfully driving business performance and achieving key strategic goals across various sectors.

Mrs. Paseda Oladoyinbo holds an MBA in Data Analytics from Nottingham Business School (Nottingham Trent University) in the UK, 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 (FICA), an Honorary member of the Chartered Institute of Banking Nigeria (HCIB), and has attended numerous senior management, leadership, and sales training programs both locally and internationally.Her career expertise spans various areas, including branch operations, private banking, wealth management, risk management, business banking, and retail banking.

These skills will be crucial in leading ASHA Microfinance Bank as it works to improve financial inclusion and empower Nigerian communities.Since its establishment in 2009, ASHA Microfinance Bank has focused on providing crucial financial services to underserved communities, fostering economic growth, and contributing to social development. Regulated by the Central Bank of Nigeria, the bank holds a nationwide microfinance license, reinforcing its role as a key player in Nigeria’s financial sector.Under Mrs. Paseda Oladoyinbo’s leadership, ASHA Microfinance Bank aims to enhance its impact within the microfinance sector by promoting innovation, inclusion, and sustainable growth.

The Board of Directors and the management team are confident that her vision and strategic guidance will enable the bank to better serve its customers and stakeholders.This appointment not only represents a significant achievement for ASHA Microfinance Bank but also serves as an inspiring example of women advancing into leadership positions within the financial industry. Mrs. Paseda Oladoyinbo’s appointment reflects the bank’s commitment to diversity and inclusion, setting a new standard for future leadership in the sector.