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General News of Tuesday, 20 June 2023

Source: www.legit.ng

Meet Wale Edun, special adviser to President Tinubu on Monetary Policy, his CV is very impressive

Wale Edun Wale Edun

President Bola Ahmed Tinubu's reputation as a leader who values the expertise of seasoned professionals and nurtures strategic alliances may be further solidified by his latest appointment.

On Thursday, June 15, 2023, through the Director of Information, State House, Tinubu announced the appointment of Wale Edun, a seasoned banker and highly respected financial expert, as his Special Adviser on Monetary Policies.

Many observers had tipped Edun to become the next governor of the Central Bank of Nigeria (CBN), given his wealth of experience in economics, public finance, international finance, merchant banking, and corporate finance at both national and international levels.

Moreso, he served as the commissioner for Finance in Lagos State for two terms during Tinubu's tenure as governor from 1999 to 2007.

Professional and educational journey of Wale Edun

Edun obtained his Bachelor's Degree in Economics from the University of London and went on to earn a Master's Degree in Economics from the University of Sussex, England.

Throughout his illustrious career, Edun has achieved remarkable success in the financial sector, both nationally and internationally.

He has held key positions such as Head of Treasury and Deputy Head of Corporate Finance at Chase Merchant Bank, where he oversaw Treasury and Money Market activities.

He also played a pivotal role in Capital Market and Financial Advisory operations for local subsidiaries and affiliates of multinational corporations.

Edun's international experience includes working at Wall Street firms Lehman Brothers and Chase Manhattan Capital Markets Corporation in New York, USA.

His time there provided invaluable insights and strengthened his expertise in merchant banking, corporate finance, economics, and international finance.

In 1986, Edun joined the World Bank/IFC in Washington DC, USA, through the prestigious Young Professionals program. During his tenure, he worked on economic and financial packages for several countries in Latin America and the Caribbean, including the Dominican Republic, Trinidad, Indonesia, and India.

Since March 2008, Edun has held the position of Chairman at Chapel Hill Denham Group. In 1989, upon his return to Nigeria, he co-founded and served as the Executive Director of Stanbic IBTC Plc (formerly Investment Banking & Trust Company Limited).

Furthermore, in 1994, he established Denham Management Limited and currently serves as a director in multiple private businesses.