Home / Business / Constancy Financial institution appoints Onyeali-Ikpe MD-designate

Constancy Financial institution appoints Onyeali-Ikpe MD-designate

Fidelity Financial institution Plc has notified the Nigerian Inventory Trade (NSE) and the general public of the appointment of Mrs Nneka Onyeali-Ikpe, as the brand new Managing Director/Chief Govt Officer, efficient January 1, 2021.

The financial institution introduced this in a discover on the NSE web site, signed by Ezinwa Unuigboje, its Firm Secretary.

The discover stated the appointment adopted the approaching retirement of its Managing Director/Chief Govt Officer, Mr Nnamdi Okonkwo, from the Board of Administrators of the financial institution, from December 31, 2020, upon completion of his contract tenure.

“In compliance with the succession coverage of the financial institution, the board has permitted the appointment of Onyeali-Ikpe, the Govt Director, Lagos and Southwest Directorate because the MD/CEO designate of the financial institution, to imagine workplace with impact from January 1, 2021.

“The approval of the Central Financial institution of Nigeria (CBN) has been obtained for the appointment,” stated the assertion. It stated the board had additionally permitted the appointment of Mr Kevin Ugwuoke, the present Chief Threat Officer of the Financial institution, as Govt Director, Chief Threat Officer, topic to the approval of the CBN.

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The assertion stated that Okonkwo was appointed to the Board of the financial institution in April 2012 as an Govt Director and was subsequently appointed the MD/CEO on January 1, 2014.

It stated Okonkwo applied a digital-led technique which led to progress throughout key efficiency metrics and elevated market share, with the financial institution ranked sixth amongst Nigerian banks on most efficiency indices.

In keeping with the assertion, the financial institution below his management efficiently accessed the native and worldwide markets by means of the issuance of N30 billion Company Bonds in 2015 and $400million Eurobonds in 2017.

“The board seizes this chance to precise honest appreciation to Okonkwo for his vital contributions to the expansion and growth of the Financial institution throughout his tenure of the board,” the assertion added.

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It stated Onyeali-Ikpe was appointed to the Board of Constancy Financial institution in 2015 as an Govt Director and presently oversees the Lagos and Southwest Directorate.

It said that she led the transformation of the directorate to profitability and sustained its spectacular year-on-year progress throughout key efficiency metrics.

The financial institution stated that Onyeali-Ikpe had been an integral half of the present administration workforce liable for the outstanding enhance within the financial institution’s efficiency within the final 5 years.

It said that the world below her direct accountability, within the interval, contributed over 28 per cent of the financial institution’s revenue earlier than tax, deposits and loans.

“Onyeali-Ikpe has over 30 years of expertise throughout varied banks together with Customary Chartered Financial institution Plc, Zenith Financial institution Plc and Residents Worldwide Financial institution Restricted, the place she held a number of administration positions in Authorized, Treasury, Funding Banking, Retail/Industrial Banking and Company Banking

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“She has been concerned within the structuring of complicated transactions in varied sectors together with oil & fuel; manufacturing, aviation, actual property and export.

As an Govt Director at Enterprise Financial institution, she obtained formal commendation from the Asset Administration Company of Nigeria (AMCON) as a member of the administration workforce that efficiently rotated Enterprise Financial institution.

She holds Bachelor of Legal guidelines (LLB) and Grasp of Legal guidelines (LLM) levels from the College of Nigeria, Nsukka and Kings Faculty, London, respectively,” it stated.

It added that Onyeali-Ikpe had attended govt coaching programmes at Harvard Enterprise Faculty, the Wharton Faculty College of Pennsylvania, INSEAD Faculty of Enterprise, Chicago Sales space Faculty of Enterprise, London Enterprise Faculty and IMD amongst others.

In keeping with the financial institution, Onyeali-Ikpe is presently present process a Diploma programme in Organisational Management at Mentioned Enterprise Faculty, Oxford College, UK. fbn_open_account

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