Guaranty Trust Bank (GTBank Kenya) Limited has announced the departure of its Managing Director, Jubril Adeniji, following the expiry of his tenure and his recall to the bank’s parent institution, Guaranty Trust Bank Limited in Nigeria.
In a statement issued by the bank’s board of directors, GT Bank Kenya said Adeniji will remain in office for the next 90 days to facilitate a smooth leadership transition as the lender seeks regulatory approval for the appointment of a new Managing Director.
“During this period, the Bank will complete the transition process while seeking the necessary regulatory approvals for the appointment of a new Managing Director,” the bank stated.
The lender praised Adeniji for his leadership during a period of significant transformation at the bank.
GTBank Kenya Leadership Transition
According to the board, his tenure saw GTBank Kenya strengthen its shareholding and governance framework, improve the quality of its earning asset portfolio, and enhance its internal control environment.
The bank also embarked on a strategic plan to grow its market share and strengthen its workforce to support long-term sustainability.
In its statement, the board expressed gratitude for Adeniji’s contribution to the bank and wished him success in his next assignment within the broader GTCO Group.
“The Board extends its sincere appreciation to Mr. Adeniji for his contribution, leadership and dedicated service to GTBank Kenya during his tenure,” the lender said.
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The exit comes as GT Bank Kenya seeks to maintain stability during the transition period.
The board said Adeniji’s continued stay over the next three months will allow for an effective transfer of responsibilities before a successor takes over.
Despite the leadership change, the bank sought to reassure customers, employees, shareholders and regulators that its operations remain stable and uninterrupted.
The board said GTBank Kenya remains committed to delivering quality banking services and creating sustainable value for stakeholders during and after the transition process.
The lender did not disclose the identity of Adeniji’s successor but said the process of appointing a new Managing Director is underway and is subject to the necessary regulatory approvals.
Jubril Adeniji Profile
Jubril Adeniji is a seasoned banker with more than 25 years of experience in the financial services industry, having worked across banking operations, credit management, business development and corporate banking.
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He has served in various leadership roles within the Guaranty Trust Bank (GTBank) Group across Nigeria, Tanzania and Kenya.
Adeniji joined GTBank in February 2006 as a Team Lead in the bank’s Abuja and North Central Commercial Banking Division.
He rose through the ranks and was appointed Divisional Head in April 2011, a position he held for more than four years.
In December 2015, he moved to GTBank’s International Banking Division, where he played a key role in the group’s expansion into East Africa by supporting the application for a banking licence in Tanzania.
He was appointed the pioneer Managing Director of Guaranty Trust Bank Tanzania in July 2016.
Under his leadership, the bank established its operations in the country and secured an operational license from the Bank of Tanzania in December 2017.
He subsequently oversaw the growth of the Tanzanian franchise for several years.
In 2022, Adeniji was nominated as Managing Director of GT Bank Kenya, where he was tasked with driving the lender’s strategic growth in the East African market.
During his tenure, the bank strengthened its governance framework, improved asset quality, enhanced internal controls, and implemented a transformation strategy to increase market share.
Adeniji holds a Bachelor of Science degree in Mathematics from the University of Ibadan and a Master of Business Administration (Finance and Accounting) from the University of Liverpool.
He has also attended executive leadership programs at IMD, Cranfield and Michigan Ross, among other international institutions.
Prior to joining GT Bank, he worked at MBC International Bank Limited, now part of First Bank of Nigeria Plc, between 1997 and 2006.
He is also an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria.
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