The board of directors of Guaranty Trust Bank has announced the appointment of Miriam Olusanya as Managing Director.
This was disclosed in a notice signed by the company’s secretary, Erhi Obebeduo, and addressed to the Nigerian Exchange Group Limited (NGX).
Olusanya, the first female Managing Director in the bank history, succeeds Segun Agbaje.
It would be recalled that during the bank’s investor earnings in September, 2020, Agbaje had revealed that GTBank was looking for its next Managing Director, adding that five of the bank’s Executive Directors were in line for the top job and were at the concluding stages of the recruitment process
Until her appointment, Olusanya was an Executive Director at the bank.
She has over 20 years of banking experience across various units, including Transaction Services, Asset and Liability Management, Financial Markets, Corporate Finance and Investor Relations.
Olusanya joined GTbank as an Executive Trainee and rose to the position of General Manager until she was appointed Executive Director.
The bank also 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.
In addition, a new Board of Directors as well as changes to the Board of its banking subsidiary (GTBank) was also announced.
Commenting on the completion of the corporate re-organization, the Group Chief Executive Officer of GTCO, Mr. Segun Agbaje said: “We believe that a Holding Company Structure will allow us to 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 business by leveraging Technology and Strategic partnerships. As a bank, we were always looking to meet every customer need; with our corporate re-organization, 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 this 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.’’