Meristem Securities Limited has announced the retirement of its Group Managing Director, Wole Abegunde, after 21 years of distinguished service and upon attaining the retirement age of 60.

A statement by the financial institution said under Abegunde’s leadership, Meristem evolved into one of the most respected financial institutions in the industry, experiencing significant growth and developing innovative solutions for its clients.

In alignment with Meristem’s focus on sustainability and governance, the company’s board has appointed Sulaiman Adedokun, its current Deputy Group Managing Director, who has been with the organisation for almost 20 years, as the new Group Managing Director.

It said Adedokun has held various leadership roles throughout his tenure and played a pivotal role in expanding the Group’s asset management portfolio and launching key financial products and services.

It stated that Adedokun, an alumnus of Harvard Business School, is a CFA charter holder, a fellow of the Institute of Chartered Accountants, and a fellow of the Chartered Institute of Stockbrokers, underscoring his extensive expertise in the financial sector.

It added that the leadership transition is a strategic step, reflecting Meristem’s long-term commitment to building a resilient and enduring institution.