Femi Ademola

Femi Ademola is a Nigerian financial executive and investment professional. He currently serves as the Managing Director and Chief Executive Officer of AIICO Capital, the asset management subsidiary of AIICO Insurance Plc. He is a Chartered Financial Analyst (CFA) and a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN).

Career

Femi Ademola began his career in accounting and audit practice with Baker Tilly & Co (formerly Oyelami Soetan Adeleke & Co). He later transitioned into the banking sector, holding roles in credit marketing and risk management at Wema Bank Plc and the former Skye Bank (now Polaris Bank Limited). Following his banking career, he held senior leadership positions including Managing Director/CEO of BGL Capital Limited and Group Executive Director at Cordros Capital Limited. In 2024, he was appointed Managing Director and CEO of AIICO Capital During the 2024–2026 Nigerian banking recapitalization exercise, Ademola emerged as a prominent industry analyst. He publicly addressed "grey areas" in the Central Bank of Nigeria’s (CBN) directive, specifically advocating for the inclusion of retained earnings in the minimum capital base. He has also been frequently quoted in national media, such as BusinessDay and The Nation, regarding the attractiveness of Nigerian bank assets to foreign portfolio investors following the devaluation of the Naira.

Early life and education

Femi Ademola was born in Iseyin, Oyo state. He attended Olivet Baptist High School in Oyo. He proceeded to The Polytechnic, Ibadan, where he earned a Higher National Diploma (HND) in Accountancy. He subsequently obtained a Bachelor of Arts (Hons) in Accounting and Financial Management from the University of Sunderland. He holds multiple postgraduate degrees, including: Master of Business Administration (MBA) from the Lagos Business School (Pan-Atlantic University). Master of Science (MSc) in Actuarial Science from the University of Ibadan. Master of Science (MSc) in Finance (Economic Policy) from the School of Oriental and African Studies (SOAS), University of London. Doctor of Philosophy (PhD) in Finance from Babcock University