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Infinity Trust Mortgage Bank confirms Sunday Olumorin as MD/CEO
The board of one of Nigeria’s leading national Primary Mortgage Institutions (PMI), Infinity Trust Mortgage Bank Plc, has confirmed the appointment of Mr. Sunday Olumorin as its Managing Director and Chief Executive Officer.
He succeeded Olabanjo Obaleye who recently completed his tenure as the managing director of the bank.
The appointment, the bank said a statement, was in line with the bank’s succession plan, which was confirmed by CBN on June 15, 2022.
Prior to his appointment, Sunday Olumorin was an executive director in the bank.
The statement read in part, “Having held various senior executive roles with the bank, Olumorin brings over 20 years’ experience of working across all areas of mortgage, finance, investments, consulting and real estate in Nigeria.”
Mr. Olumorin is a seasoned and consummate banker, mortgage and real estate development expert, and corporate strategist with over 20 years cognate experience in commercial and mortgage banking. He joined ITMB Plc on 21st March 2005.
The firm describes the CEO as unarguably the most experienced and versatile management staff in ITMB Plc whose wealth of experience has contributed significantly to the growth and transformation of the bank, Mr. Olumorin has headed many strategic departments and units in the bank, including Business Development; Financial Control, Inspection, and Internal Control.
Mr. Olumorin holds a Bachelor of Science (B.Sc) degree in Accounting from the University of Lagos, and a Master’s degree in Business Administration (MBA) from the University of Ilorin. He has attended several specialized training and workshops on Credit, Banking Operations, Management, Leadership, and Strategy in leading consulting firms in Nigeria, including H. Pierson Associate Limited, and Agusto & Co. Limited, among others. Also, he has attended several international seminars and workshops on Mortgage Financing in the United Kingdom and the United States of America, including the Wharton School, University of Pennsylvania, USA. He is an Alumnus of Lagos Business School.
