Coronation Merchant Bank has announced Paul Abiagam as its new Managing Director and Chief Executive Officer, effective December 1, 2025, following approval from the Central Bank of Nigeria. His appointment coincides with the bank’s tenth anniversary and signals a new phase of growth and institutional development.
Abiagam previously served as Acting Managing Director, during which the bank strengthened its balance sheet, improved profitability, and expanded client engagement. Under his leadership, the bank also launched new business verticals targeting the public sector and financial institutions and reinforced its role in the Equity Capital Markets.
With over 27 years of experience in commercial and corporate banking, pensions, wealth management, and investment banking, Abiagam has held senior roles at Diamond Bank, Guaranty Trust Bank, and Guaranty Trust Pension Managers. He has participated in key industry forums and holds fellowships with leading professional accounting and banking institutes.
Board Chairman Babatunde Folawiyo expressed confidence in Abiagam’s ability to sustain the bank’s growth and industry leadership, while Abiagam pledged to focus on deepening client value, enhancing market presence, and driving innovation across the bank.
