ASHA Microfinance Bank, a key subsidiary of ASA International Group — one of the world’s largest microfinance institutions — has announced a historic appointment: Funmilola Paseda Oladoyinbo will become the bank’s first-ever female Managing Director and Chief Executive Officer. This move is a significant milestone for the bank, underlining its commitment to diversity, innovation, and growth within Nigeria’s financial sector.

Mrs. Paseda Oladoyinbo brings with her a wealth of experience, backed by strong academic qualifications. She holds an MBA in Data Analytics from Nottingham Business School, UK, an MBA in Marketing from Delta State University, and a Bachelor’s degree in Business Administration from Ambrose Alli University. She is also a Fellow of the Institute of Credit Administration of Nigeria (FICA) and an Honorary Member of the Chartered Institute of Banking of Nigeria (HCIB). Furthermore, she has completed numerous leadership and management courses both in Nigeria and internationally, expanding her knowledge in key areas such as Branch Operations, Risk Management, Business Banking, and Private Banking/Wealth Management.

With over 20 years of experience in the Nigerian banking sector, Mrs. Paseda Oladoyinbo has built an impressive career. She has held senior roles at several major banks, including United Bank for Africa PLC, Access Bank PLC, Ecobank PLC, and Keystone Bank PLC. For the past 13 years, she was a key figure at FCMB, where she served as Assistant Vice President and Zonal Head, successfully driving performance and leading multiple teams to meet business goals.

Mrs. Paseda Oladoyinbo’s appointment is seen as a key move for ASHA Microfinance Bank, especially as the bank seeks to broaden its reach and impact in Nigeria’s financial ecosystem. Her deep knowledge of the banking sector, combined with her strategic vision, is expected to further the bank’s mission of enhancing financial inclusion and empowering local communities.

The Board of Directors and the management team of ASHA Microfinance Bank expressed full confidence in her leadership abilities, stating that her vast expertise would be instrumental in helping the bank navigate the evolving needs of its customers and stakeholders. They also highlighted her dedication to driving sustainable growth and promoting innovative solutions in the microfinance space.

This appointment marks a new chapter for ASHA Microfinance Bank, one that promises not only to strengthen its position in the market but also to contribute to a more inclusive financial landscape in Nigeria.