Constancy Financial institution Plc has appointed Mustafa Chike-Obi as its Chairman following the resignation of Ernest Ebi, who held the place.
The financial institution’s board additionally introduced that Seni Adetu, who has been serving as an Impartial Non-Govt Director, will likely be stepping down.
Each Ebi and Adetu have efficiently accomplished their tenure in accordance with the financial institution’s inside governance coverage.
In a press release, the financial institution stated Ebi will proceed within the position till the in-coming Chairman assumes workplace, as a part of the method of guaranteeing a easy and profitable transition.
“The modifications being introduced additional attest to Constancy Financial institution’s excessive governance requirements and greatest practices in compliance with inside succession insurance policies,” it stated.
The financial institution’s Managing Director/CEO, Nnamdi Okonkwo, recommended the contributions of the outgoing board members, saying the board and certainly the financial institution has benefited immensely from their experiences.
Chike-Obi, the inaugural Managing Director/CEO of the Asset Administration Company of Nigeria (AMCON) is presently the Govt Vice Chairman at Alpha African Advisory.
He has over 40 years of expertise in funding banking and the monetary companies sector, working with respected international funding banking and asset administration companies.
Chike-Obi offers general management at Alpha African Advisory and has direct oversight over the capital elevating division.
The financial institution’s market share place has additionally been materially strengthened over this era.
Chike-Obi was Founding President at Madison Advisors, a monetary companies advisory and consulting agency in New Jersey, specialising in hedge funds and personal fairness funding recommendation. He holds a Bachelor’s diploma in Arithmetic from the College of Lagos (First Class Honors) and an MBA from Stanford College Graduate Faculty of Enterprise.
Beneath the Chairmanship of Ebi, the financial institution recorded vital development throughout key monetary metrics with each Ebi and Adetu enjoying vital roles, complementing administration effort within the supply of those milestones; in service of the long run imaginative and prescient of the financial institution.
The outgoing chairman expressed delight within the outcomes that the financial institution achieved throughout his time as chairman.
He stated: “I really feel that the administration staff has consolidated on our plans to turn out to be one of many fastest-growing Banks within the nation, strongly rooted in expertise solely comparable with the most effective on the planet.
“I’m assured that my successor will proceed on that path to take the Financial institution to its subsequent stage of development and development. I want my successor, the administration staff, and the complete employees of Constancy Financial institution the perfect for continued success.”
Adetu stated, “It has been a honour to be a part of the Board over the previous few years. All through this time, I’ve been humbled by the dedication and onerous work of the Board and Administration, and their ardour for creating a very international financial institution.
“I’m very grateful to them, as I’m to Constancy Financial institution’s many different stakeholders, with whom we’ve got labored to construct a long-term, sustainable enterprise.”