Biography
Segun Julius Agbaje is a prominent Nigerian banker, investor and businessman. He is the Chief Executive Officer of Guaranty Trust Holding Company Plc, a multinational financial services group that provides retail and investment banking, pension management, asset management and payment services. The company is headquartered in Victoria Island, Lagos, Nigeria.
Born in July 1964 in Lagos State, Nigeria, Segun Agbaje is the son of Chief Julius Kosebinu Agbaje, a banker, and Mrs. Margaret Olabisi Agbaje, a teacher. He began his professional journey by obtaining a Bachelor of Accounting and a Master of Business Administration from University of San Francisco.
Segun Agbaje continued his studies at Harvard Business School and London Business Schoolconsolidate his leadership base in finance.
CEO of Guaranty Trust Bank
Segun Agbaje |
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 Segun Agbaje: History ‧ Bio ‧ Photos |
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| Wiki Events & About Data | |
| Real name: | Sergun Julius Agbaje |
| Stage name: | Segun Agbaje |
| Born: | July 7, 1964 (age 60) |
| Place of birth: | Lagos State, Nigeria |
| State of origin: | Lagos State |
| Nationality: | Nigerian |
| Education: | St. Gregory’s College, St. Augustine’s Academy, Harvard Business School, London Business School, University of San Francisco |
| Height: | Do not have |
| Parents: | Julius Kosebinu Agbaje, Margaret Olabisi Agbaje |
| Siblings: | Jimi Agbaje |
| Couple: | Derin Olakunri Agbaje |
| Girlfriend • Partner: | Do not have |
| The children: | 1 |
| Job: | Bank • Business |
| Net worth: | 100 million dollars (USD) |
Early life and education
Segun Agbaje was born in July 1964 in Lagos State, Nigeria to Chief Julius Kosebinu Agbaje, a prominent banker, and Margaret Olabisi Agbaje, a teacher. Growing up in a family with a strong tradition in education and finance may have influenced his future career in banking.
Agbaje is of Yoruba descent, one of Nigeria’s major ethnic groups. Although his religion is not explicitly stated, given the cultural context in which he grew up, he may have been Christian, a faith often associated with Nigeria’s intellectual and professional classes.
Segun Agbaje’s educational journey began at St. Gregory College in Obalende, Lagos, followed by St. Augustine Academy in Kent, England. He then studied University of San Franciscoearned a Bachelor of Accounting and a Master of Business Administration. Agbaje also pursued further studies at Harvard Business School and London Business Schoolemphasizes his dedication to academic and professional development.
Having an older brother named Jimi Agbaje, Segun Agbaje comes from a family that values education and career success, indicating a strong and supportive environment during his formative years.
Career
Segun Agbaje, born in July 1964 in Lagos State, Nigeria, has built an extraordinary career, rising from one of the first employees at Guaranty Trust Bank (GTBank) to become one of Africa’s most influential financial leaders.
With strong family ties to the banking world, thanks to his father, Chief Julius Kosebinu Agbaje, Segun’s path into finance seemed destined. He holds a Bachelor of Accounting and a Master of Business Administration from University of San Francisco and went on to study at Harvard Business School and London Business School.
Agbaje joined GTBank in 1991 and rose rapidly through the ranks. By January 2000, he was made Managing Director and in August 2002, he was promoted to Deputy Managing Director. Following the unfortunate departure of Tayo Aderinokun in June 2011, Agbaje was appointed Managing Director and CEO of GTBank. He held this position until August 2021, when he moved to become the Group Chief Executive Officer of Guaranty Trust Holding Company Plc (GTCO Plc).
Under his leadership, GTBank has grown significantly and set new standards in the African banking industry. Segun Agbaje has spearheaded the bank’s digital transformation, notably through the popularization of USSD banking, which has expanded financial inclusion across Nigeria. His leadership has led GTBank to numerous awards, including Best Bank in Nigeria by Euromoney and African Banker of the Year by African Banker Magazine. Agbaje has been named African Banker of the Year and CEO of the Year multiple times, highlighting his visionary leadership.
Outside of banking, Agbaje is also a Director of PepsiCo and a member of the Mastercard Advisory Board for the Middle East and Africa, underscoring his global influence. He also supports cultural and economic initiatives such as the GTBank Fashion Week and the Food & Beverage Fair, which promote Nigerian culture and support small businesses as part of his broader goal of economic empowerment.
Social media
- Twitter: Segun Agbaje (@slick_shegs)
- LinkedIn: Segun Agbaje – Mortgage Specialist – Central Bank of Nigeria
Personal life
Segun Agbaje is married to Derin Olakunri Agbaje. Their marriage, which lasted for over a decade, was highlighted in 2014 in a low-key celebration in London on Segun’s 50th birthday, reflecting the longevity of their relationship. However, the couple prefer to keep their private lives private, so the exact timeline of their marriage remains unclear.
Derin Agbaje, born in December 1968, is 55 years old as of April 2024. She is the daughter of Otunba (Mrs.) Toyin Olakunri, a prominent figure in the banking industry. The couple has one child, a son, although they remain modest when it comes to sharing details about their family life.
Net worth
Segun Agbaje, CEO of Guaranty Trust Holding Company Plc (GTCO), has a net worth of $100 million, reflecting his significant stake in GTCO and his investments in other global corporations. While the exact figure for his net worth may vary depending on market conditions and personal investments, here is a brief overview:
- GTCO Stake: Agbaje holds a 0.14% stake in GTCO, which, given the company’s market performance, contributes significantly to his net worth. GTCO’s financial success, especially with a $480 million profit in the first nine months of 2023, underscores the value of his stake.
- Investment in PepsiCo: Agbaje’s investment in PepsiCo, which holds 7,272 shares, is valued at approximately $1.3 million in 2023. While this stake represents a small percentage of PepsiCo’s grand plan, it adds significantly to his net worth, especially given PepsiCo’s strong financial position.
- Compensation: In 2022, Agbaje’s compensation package from GTBank was reported to be 445.7 million naira, which at the time made him one of the highest paid banking executives in Nigeria.
- Other investments and roles: In addition to GTCO and PepsiCo, Agbaje’s involvement on various boards, such as the Mastercard Middle East and Africa Advisory Council, may not directly contribute to his net worth in terms of equity but certainly adds to his influence and potentially increases his income through director fees or other benefits.
With these factors in mind, while the exact figures vary, Segun Agbaje’s net worth can be estimated to be in the millions of dollars, largely due to his stake in GTCO, PepsiCo stock, and senior corporate positions. His financial acumen and leadership at one of Africa’s leading financial institutions have cemented his wealth and reputation as one of Nigeria’s most influential bankers.
