Mr Adekunle Adewole, Managing Director, has resigned as the Managing Director of LivingTrust Mortgage Bank. he Voluntarily resigned against his expiration of his tenure.
Mr Adekunle has been the managing director of living trust Mortgage Bank for 3 years and 6 month. he became the MD in may 2020 and his resignation become effective on 30th January, 2024.
During Adekunle time in office, Adekunle supervised the growth in the bank’s Profit Before Tax which rose from N57m in 2019 to N1.02bn in 2022. The profit after tax of the mortgage bank dipped by 17.96 percent to N745.80m at the end of December 2023 compared to N909.15m in the prior year.
LivingTrust won the Development Bank of Nigeria Award of the ‘Financial Institution with Highest Impact on Start-Ups and MSME accessing Credit for First Time’ in 2022 and 2023, as well as the award of the ‘Most Improved Mortgage Bank 2022’ and ‘Africa’s Most Reliable Mortgage Bank 2022’ by Africa Fintech Brands.
The board of LivingTrust Mortgage Bank has appointed Dr. Olumide Adedeji as the Acting Managing Director/Chief Executive Officer of the Bank. Until his appointment, Adedeji was an Executive Director of the Bank.
Adekunle holds a master’s degree in business law, and a Ph.D. in Strategic Management, and is an alumnus of Lagos Business School, INSEAD, and Oxford University, UK.
