x

Fidelity Bank appoints Nneka Onyeali-Ikpe MD-designate, assumes office Jan.1, 2021

Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the appointment of Mrs Nneka Onyeali-Ikpe, as the incoming Managing Director/Chief Executive Officer, effective Jan. 1, 2021.

The bank made the announcement on Monday in a notice on the NSE website, signed by Ezinwa Unuigboje, its Company Secretary.

The notice said the appointment followed the impending retirement of its Managing Director/Chief Executive Officer, Mr Nnamdi Okonkwo, from the Board of Directors of the bank, with effect from Dec. 31, 2020, upon completion of his contract tenure.

“In compliance with the succession policy of the bank, the board has approved the appointment of Onyeali-Ikpe, the current Executive Director, Lagos and South West Directorate as the MD/CEO designate of the bank, to assume office with effect from Jan. 1, 2021.

“The approval of the Central Bank of Nigeria (CBN) has been obtained for the appointment,” said the statement.

It said the board had also approved the appointment of Mr Kevin Ugwuoke, the current Chief Risk Officer of the Bank, as Executive Director, Chief Risk Officer, subject to the approval of the CBN.

The statement said that Okonkwo was appointed to the Board of the bank in April 2012 as an Executive Director and was subsequently appointed the MD/CEO on Jan.1, 2014.

It said that Okonkwo implemented a digital-led strategy which led to significant growth across key performance metrics and increased market share, with the bank currently ranked sixth amongst Nigerian banks on most performance indices.

According to the statement, the bank under his leadership successfully accessed the local and international markets through the issuance of N30 billion Corporate Bonds in 2015 and $400million Eurobonds in 2017.

“The board seizes this opportunity to express sincere appreciation to Okonkwo for his significant contributions to the growth and development of the Bank during his tenure of the board,” the statement added.

It said Onyeali-Ikpe was appointed to the Board of Fidelity Bank in 2015 as an Executive Director and currently oversees the Lagos and Southwest Directorate.

It stated that she led the transformation of the directorate to profitability and sustained its impressive year-on-year growth across key performance metrics.

The bank said that Onyeali-Ikpe had been an integral part of the current management team responsible for the remarkable increase in the bank’s performance in the last five years.

It stated that the area under her direct responsibility, in the period, contributed over 28 per cent of the bank’s profit before tax, deposits and loans.

“Onyeali-Ikpe has over 30 years of experience across various banks including Standard Chartered Bank Plc, Zenith Bank Plc and Citizens International Bank Limited, where she held several management positions in Legal, Treasury, Investment Banking, Retail/Commercial Banking and Corporate Banking

“She has been involved in the structuring of complex transactions in various sectors including oil & gas; manufacturing, aviation, real estate and export.

“As an Executive Director at Enterprise Bank, she received formal commendation from the Asset Management Corporation of Nigeria (AMCON) as a member of the management team that successfully turned around Enterprise Bank.

“She holds Bachelor of Laws (LLB) and Master of Laws (LLM) degrees from the University of Nigeria, Nsukka and Kings College, London, respectively,” it said.

It added that Onyeali-Ikpe had attended executive training programmes at Harvard Business School, the Wharton School University of Pennsylvania, INSEAD School of Business, Chicago Booth School of Business, London Business School and IMD amongst others.

According to the bank, Onyeali-Ikpe is currently undergoing a Diploma programme in Organisational Leadership at Said Business School, Oxford University, UK. (NAN)

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

eid Mubarak: North Central Apc Greets Tinubu, Mutfwang, Muslims

By Israel Adamu, Jos Chairman of the North-Central APC Forum,...

NFF Donates N20M to Support Goalkeeper Stanley Nwabali for Parents’ Burial

The Nigeria Football Federation (NFF) has extended a gesture...

Abiodun Rewards Falcons, Lionesses with N30m, Eyes More Sports Hosting in Ogun

Ogun State Governor Dapo Abiodun has reaffirmed his administration’s...

Tinubu, Shettima, Northern Governors Mourn the Passing of Prof. Jibril Aminu at 85

President Bola Ahmed Tinubu, Vice President Kashim Shettima, and...

Tinubu Hails Dangote Refinery as “Phenomenon of Our Time,” Commissions Lekki Port Access Road

President Bola Ahmed Tinubu has praised the Dangote Petroleum...

MBF opposes interception of 164,000 live shotgun cartridges in Anambra, says possession not illegal

By Achadu Gabriel, Kaduna Nigeria’s indigenous Middle Belt Forum (MBF),...

N4.6bn: Kaduna ALGON threatens Wakili with court action over false accusations

By Achadu Gabriel, Kaduna The Kaduna State chapter of the...

CDS at North Central Peace Summit urges border fencing to curb insecurity

By Israel Adamu, Jos Chief of Defence Staff (CDS) General...
spot_img

Related Articles

Popular Categories

spot_imgspot_img