GTBank CEO Segun Agbaje Bio: Net Worth, Age, Wife, Education, Family, Salary, Parents, Children

Biography

Segun Julius Agbaje is a renowned Nigerian banker, investor, and businessman. He is the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, a multinational financial services group providing retail and investment banking, pension management, asset management, and payment services. The company is headquartered on 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 earning a Bachelor’s degree in Accountancy and a Master’s in Business Administration from the University of San Francisco.

Segun Agbaje furthered his education at Harvard Business School and the London Business School, solidifying his foundation for leadership in the financial sector.

Segun Agbaje
Wiki Facts & About Data
Real Name:	Segun Julius Agbaje
Stage Name:	Segun Agbaje
Born:	7 July 1964 (age 60 years old)
Place of Birth:	Lagos State, Nigeria
State Of Origin:	Lagos State
Nationality:	Nigerian
Education:	St. Gregory’s College, St. Augustine Academy, Harvard Business School, London Business School, University of San Francisco
Height:	N/A
Parents:	Julius Kosebinu Agbaje, Margaret Olabisi Agbaje
Siblings:	Jimi Agbaje
Spouse:	Derin Olakunri Agbaje
Girlfriend • Partner:	N/A
Children:	1
Occupation:	Banker • Businessman
Net Worth:	$100 million (USD)

Early Life & Education

Segun Agbaje was born in July 1964 in Lagos State, Nigeria, to Chief Julius Kosebinu Agbaje, a prominent banker, and Mrs. Margaret Olabisi Agbaje, a teacher. Growing up in a family deeply rooted in education and finance likely influenced his future career in the banking sector.

Agbaje is of Yoruba descent, one of the major ethnic groups in Nigeria. Although his religion isn’t explicitly mentioned, given the cultural context of his upbringing, he likely practices Christianity, a faith commonly associated with Nigeria’s educated and professional classes.

Segun Agbaje‘s educational journey began at St. Gregory’s College in Obalende, Lagos, followed by St. Augustine Academy in Kent, England. He later attended the University of San Francisco, earning a Bachelor’s degree in Accountancy and a Master’s in Business Administration. Agbaje also pursued further studies at Harvard Business School and the London Business School, emphasizing his dedication to academic and professional growth.

Having a brother named Jimi Agbaje, Segun Agbaje comes from a family that values education and professional success, suggesting 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 earliest employees at Guaranty Trust Bank (GTBank) to becoming one of Africa’s most influential financial leaders.

With a strong family connection to the banking world, thanks to his father, Chief Julius Kosebinu Agbaje, Segun‘s path into the financial sector seemed destined. He holds a Bachelor’s degree in Accountancy and a Master’s in Business Administration from the University of San Francisco and furthered his education at Harvard Business School and the London Business School.

Agbaje joined GTBank in 1991, quickly climbing the ranks. By January 2000, he became an Executive Director, and in August 2002, he was promoted to Deputy Managing Director. Following the unfortunate passing of Tayo Aderinokun in June 2011, Agbaje was appointed Managing Director and CEO of GTBank. He held this position until August 2021, when he transitioned to Group Chief Executive Officer of Guaranty Trust Holding Company Plc (GTCO Plc).

Under his leadership, GTBank thrived and set new standards in African banking. Segun Agbaje spearheaded the bank’s digital transformation, notably through the popularization of USSD banking, which broadened financial access across Nigeria. His leadership saw GTBank earn numerous awards, including Best Bank in Nigeria by Euromoney and African Bank of the Year by African Banker Magazine. Agbaje has been named African Banker of the Year and CEO of the Year on multiple occasions, highlighting his visionary leadership.

Beyond banking, Agbaje serves as a Director for PepsiCo and sits on the Mastercard Advisory Board for the Middle East and Africa, underscoring his global influence. He has also championed cultural and economic initiatives like the GTBank Fashion Weekend and the Food & Drink Fair, promoting Nigerian culture and supporting small businesses as part of his broader goal of economic empowerment.

Social Media

• Twitter: Segun Agbaje (@slick_shegs)
• LinkedIn: Segun Agbaje – Mortgage Banker – Central Bank of Nigeria

Personal Life

Segun Agbaje is married to Derin Olakunri Agbaje. Their marriage, lasting over a decade, was highlighted in 2014 during a modest celebration in London for Segun‘s 50th birthday, reflecting their long-standing relationship. However, the couple prefers to keep their personal life private, so the exact timeline of their marriage remains unclear.

Derin Agbaje, born in December 1968, was 55 years old as of April 2024. She is the daughter of Otunba (Mrs.) Toyin Olakunri is a prominent figure in the banking industry. The couple has one child, a son, though they maintain a low profile when sharing details about their family life.

Net Worth

Segun Agbaje, the Group Chief Executive Officer 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 exact figures for his net worth can vary based on market conditions and personal investments, here’s a brief overview:

• GTCO Stake: Agbaje holds a 0.14% stake in GTCO, which, given the company’s market performance, significantly contributes to his net worth. GTCO’s financial success, especially with a profit of $480 million in the first nine months of 2023, underscores the value of his stake.
• PepsiCo Investment: Agbaje‘s investment in PepsiCo, which holds 7,272 shares, was valued at approximately $1.3 million in 2023. Although this stake is a minor percentage in the grand scheme of PepsiCo, it adds a tangible amount to his net worth, especially considering PepsiCo’s robust financial health.
• Compensation: In 2022, Agbaje‘s compensation package from GTBank was reported to be N445.7 million, which, at the time, highlighted him as one of the highest-paid bank executives in Nigeria.
• Other Investments and Roles: Beyond GTCO and PepsiCo, Agbaje’s involvement in various boards, like the Mastercard Advisory Board for the Middle East and Africa, might not directly contribute to his net worth in terms of equity but certainly adds to his influence and potentially to his income through directorship fees or other benefits.

Given these elements, while exact numbers fluctuate, Segun Agbaje‘s net worth can be estimated in the multi-millions, largely due to his stake in GTCO, PepsiCo shares, and high-profile corporate positions. His financial acumen and leadership in one of Africa’s leading financial institutions have solidified his wealth and reputation as one of Nigeria’s most influential bankers.