Finance & Economy

GTBank completes restructuring exercise, reorganizes Board

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 Appoints Miriam Olusanya  Managing Director of GTBank

Guaranty Trust Bank has announced    the successful completion of its re-organization into a Holding Company Structure, in a bid to strengthen its long-term competitiveness and growth prospects. ; the bank also announced   the appointment of Miriam Olusanya as Managing Director.

As part of the conditions for the re-organization, the banking giant announced that a new operating company bearing the name ‘Guaranty Trust Holding Company Plc’ (GTCo) has been established. In addition, a new Board of Directors as well as changes to the Board of its banking subsidiary (GTBank) was also announced.

According to the notice, the Board was reconstituted following the retirement of about four Directors. In light of this, the GTCo’s Board will comprise of the following personalities:

  • Mr Sola Oyinlola (Chairman),
  • Mr Segun Agbaje (Group CEO),
  • Mrs Cathy Echeozo (Non-Executive Director),
  • Mrs Helen Bouygues (Independent Non-Executive Director) and
  • Mr Adebanji Adeniyi (Executive Director).

On the other hand, the banking subsidiary (GTBank) Board will comprise of:

  • Mr Inrahim Hassan (Chairman),
  • Mrs Miriam Olusanya (Managing Director),
  • Mr Olabode Agusto (Non-Executive Director),
  • Ms Imponi Akpofure (Independent Non-Executive Director),
  • Mrs Victoria Adefala (Independent Non-Executive Director),
  • Mr Jide Okuntola (Deputy Managing Director) andMr Haruna Musa (Executive Director).

   Meanwhile  according to a notice signed by the company’s secretary, Erhi Obebeduo, and sent to the Nigerian Exchange Group Limited (NGX) ,Miriam Olusanya is a seasoned banker with over 16 years of experience. She joined GTBank in October 2004 as a Treasurer and has risen through the ranks, holding strategic leadership positions. Prior to her recent appointment, she was the Group Treasurer and Head of Wholesale Banking. Olusanya also serves on the Board of Guaranty Trust Bank (Gambia) Limited as a non-executive director.

She is an alumna of the prestigious University of Ibadan and University of Liverpool, where she obtained a Bachelor’s degree in Pharmacy and an MBA in Finance and Accounting respectively.

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Commenting on the completion of the corporate re-organisation, the Group Chief Executive Officer of GTCo, Mr Segun Agbaje 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 re-organisation, we will be able to do more to help our customers thrive in this new world of digital technologies and unprecedented possibilities.

‘’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 brand, we will continue to live by these values-of excellence, hardwork and integrity, even as we create faster, cheaper, safer and more diverse products for people and business

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