Finbank Plc yesterday announced the appointment of four executive directors. Their appointment has been approved by the Central Bank of Nigeria (CBN). The new directors are Omoruyi Iyamu, Abdulrahman Yinusa, Caroline Anyanwu and Adam Nuru.

Only three of the five banks recently taken over by the CBN have announced the names of their new executive directors. The Union Bank of Nigeria Plc and Afribank Plc have earlier in the week announced their executive directors, while the other two, Oceanic Bank International Plc and Intercontinental Bank Plc, are yet to do so.

A statement from Finbank yesterday said Mr. Iyamu is the Executive Director South, in charge of institutional banking, commercial and retail banking, while Mr. Nuru is for the North, covering the public sector,commercial and retail banking. Mrs. Anyanwu, on her part, is in charge of Risk Management, while Mr. Yinusa takes charge of Finance and Strategy.

Directors' background

According to the statement, Mr, Iyamu has had 25 years experience in the banking and financial services with skills in credit marketing, corporate finance, financial advisory services, treasury and asset management. He was until his new appointment, the managing consultant of Capstone Capital Ltd, a financial and investment consultancy outfit.

Until her latest appointment, Ms. Anyanwu was the head, Group Risk Management and Control of Diamond Bank Plc, with over two decades of hands-on experience in risk management, commercial banking, operations and financial control.

Mr. Yinusa on his part was the managing director, UBA, Sierra Leone, prior to which he was the managing director, UBA Assets Management Limited. His areas of competence include financial control, treasury, asset management and information technology.

Suzanne Iroche, the group managing director of Finbank says the new management team will focus on its key areas of competence and comparative advantage as well as entrenching sound corporate governance and a robust risk management framework.

Muhammed Abdullahi, spokesperson for the CBN, confirmed that the Central Bank has appointed executive directors for all the five banks, whose management were sacked last month. He said each of the banks is at liberty to make announcement of their own appointments.
Source:next news