Coronation Merchant Bank Appoints New CEO as CBN Confirms Paul Abiagam
The Central Bank of Nigeria (CBN) has officially approved Paul Abiagam as the new Managing Director and Chief Executive Officer of Coronation Merchant Bank, with effect from 1 December 2025. The announcement coincides with the bank’s 10th anniversary – a symbolic transition marking a new chapter in its growth story.
Abiagam, who had been serving as Acting MD/CEO, is recognized for steering Coronation Merchant Bank through a period of remarkable performance. Under his interim leadership, the bank saw substantial gains across key metrics; profitability rose, client engagement deepened, balance -sheet strength improved, and the institution expanded its capital vase and market presence.
In 2024, the bank launched two new business verticals- Public Sector and Financial Institutions- deepening its sector coverage and strengthening institutional relationships across Nigeria’s financial landscape. Its growing footprint in the Equity Capital Markets also allowed the bank to advise on major capital-raising transactions, reinforcing its status ss a ”go-to partner” for corporate and institutional clients.
With over 27 years of experience across commercial banking, corporate banking, pensions, wealth management, risk management, and investment banking, Abiagam brings wealth of expertise. His prior roles at prominent institutions- including leadership positions at major banks and pension firms- add depth to his qualifications.
Commenting on the appointment, the bank’s Board Chairman expressed confidence that Abiagam would steer Coronation Merchant Bank toward continued growth, improved market positioning, and enhanced shareholder value. Abiagam described the confirmation as a privilege and pledged to drive innovation, client value, and institutional excellence.
As Coronation Merchant Banks enters its second decade, the endorsement of Abiagam reflects faith in a leadership style rooted in strategic clarity, execution discipline, and commitment to delivering world-class financial solutions.
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