A statement from the bank announcing his death said, “With a deep sense of loss, but with gratitude to the Almighty God, we write to notify you of the passing on to eternal glory of our dearly beloved Managing Director/Chief Executive Officer, Mr. Tayo Aderinokun who had been on Medical Leave, passed on this afternoon, Tuesday, June 14, 2011, in the United Kingdom.
Aderinokun co-founded Guaranty Trust Bank Plc in 1990 and served as Deputy Managing Director from inception until August 2002 when he took over as Managing Director/Chief Executive Officer of the bank.
He holds a first degree in Business Administration from the University of Lagos and an MBA with special concentration on International Business from the Graduate School of Management, University of California, Los Angeles.
His professional working started at the Central Bank of Nigeria in Calabar, where he did his National Youth Service (1977-1978).
He worked with Chase Merchant Bank Nigeria Ltd (later renamed Continental Merchant Bank) from 1981 to 1988. He was at Prime Merchant Bank Ltd (1988 and 1989) as an Assistant General Manager rising to the position of Head of the financial services division of the Bank. In 1989, he set up a non-bank financial institution, First Marina Trust Ltd., which he ran for a year before co-founding Guaranty Trust Bank.
He is a fellow of the Chartered Institute of Bankers (CIBN) and holds a recipient of the national award – Member of the Federal Republic of Nigeria.
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