She takes over from the former Managing
Director, Segun Agbaje.
A statement from the bank on Wednesday said
aiming to strengthen its long-term competitiveness and growth prospects,
Guaranty Trust Bank plc has completed its re-organisation to a Holding Company
Structure.
It said under the terms of the
re-organisation, a new operating company has been established and amendments
made to the articles of incorporation for a corporate name change.
“The corporate name of Guaranty Trust
Holding Company Plc and GTCO Plc will be used by the newly established
operating company.
“The newly established Guaranty Trust
Holding Company Plc is also pleased to announce its new Board of Directors as
well as changes to the Board of its banking subsidiary, Guaranty Trust Bank
Limited. All the appointments have been approved by the Central Bank of Nigeria
and disclosed to the Securities and Exchange Commission and the Nigerian
Exchange Group.
“Guaranty Trust Holding Company Plc (“GTCO
Plc”) will be governed by a Board of Directors comprising, Mr. Sola Oyinlola as
Chairman of the Board and Mr Segun Agbaje as the Group Chief Executive Officer,
Mr Adebanji Adeniyi as Executive Director, Mrs Cathy Echeozo as Non-Executive
Director, Mr. Suleiman Barau and Mrs. Helen Bouygues as Independent Non-Executive
Directors,” the statement said.
It added that “The Banking subsidiary,
Guaranty Trust Bank Limited will be governed by a Board of Directors
comprising, Mr Ibrahim Hassan as Chairman of the Board, Mrs Miriam Olusanya as
Managing Director, Mr Jide Okuntola as Deputy Managing Director, Mr Haruna Musa
as Executive Director, Mr Olabode Agusto as Independent Non-Executive Director,
Ms Imoni Akpofure and Mrs Victoria Adefala as Independent Non-Executive
Directors.”
Commenting on the completion of the Corporate
Reorganization, Mr Segun Agbaje, the Group Chief Executive Officer of Guaranty
Trust Holding Company Plc, said: “We believe that a Holding Company Structure
will allow us take advantage of new business opportunities in the emerging
competitive landscape and strengthen our earnings base.
“We are very excited to get started on the
next phase of our incredible journey to driving Africa’s growth by making
end-to-end financial services easily accessible to every African and African
Businesses by leveraging Technology and Strategic Partnerships.
“As a bank, we were always looking to meet
every customer need; with our corporate reorganization, we will be able to do
more to help our customers thrive in this new world of digital technologies and
unprecedented possibilities”.
He further stated that, “Whilst we are
evolving as an organization, we remain committed to our founding values which
have endeared our brand to millions of people across Africa and beyond, and
which continues to drive our financial success.
“As a Proudly African and Truly
International band, we will continue to live by these values—of excellence,
hard work and integrity, even as we create faster, cheaper, safer and more
diverse products for people and businesses of varied types and sizes.”
Prior to its corporate reorganization to
Guaranty Trust Holding Company Plc, Guaranty Trust Bank Plc has been at the
forefront of delivering innovative banking products and services to customers
and best-in-class Return-on-Equity to shareholders.
It is widely regarded as the best managed
financial institution in Nigeria and has, over the past decade, embarked on a
period of unparalleled growth, growing its customer base from less than 3
million customers in 2011 to over 24 million customers in 2020, and profit
before tax from ₦45.5 billion at the end of the 2010 financial year to
₦238.1billion at the end of the 2020 financial year.
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