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Amangbo is new Zenith Managing Director

01 April 2014, 12:57

Abuja - Zenith Bank has announced Peter Olisamedua Amangbo as its new Group Managing Director.

He takes over from Godwin Emefiele who is now the Central Bank Governor-designate.

Amangbo will now oversee the running of the bank in acting capacity until he is confirmed by the Nigeria Stock Exchange (NSE).

His appointment will take effect from June 1, 2014 if confirmed by NSE.

A statement by the bank said board members had approved Amangbo's appointment unanimously at a special meeting Emefiele also attended.

The statement said the bank's chairman, Steve Omojafor, had subsequently written to intimate the exchange about the development.

A profile of Amangbo revealed that he had been an executive director of the bank since 2005 and had over 21 years banking experience.

He is also member of Executive Committee and Member of Staff Matters, Finance & General Purpose Committee of the bank.

His sojourn through Zenith Bank saw him through the Zenith Securities, Zenith Insurance, Zenith Pensions and Zenith Capital.

He was in charge of the United Kingdom operations of the bank before his appointment as the GMD/CEO designate.

He worked previously with PricewaterhouseCoopers as a Senior Consultant in the financial Services Group.

Amangbo holds a Bachelors Degree in Electrical/Electronics Engineering from the University of Benin (1988), a post-graduate diploma in Computer Science and a Master’s degree in Business Administration (1995) (MBA) from the University of Warwick, Coventry in the United Kingdom.

He is a fellow of the Institute of Chartered Accountants of Nigeria (FCA)

He trained with PricewaterhouseCoopers and qualified as a Chartered Accountant before joining Zenith Bank in 1993.

He was the Head of Financial Control and Strategic Planning before his reassignment as head the Corporate & Retail Banking Group and the Bank’s Group Zonal Head, Lagos.

He currently also oversees the Power & Infrastructure Group as well as the Group’s Foreign Subsidiaries. He has attended the Advanced Management Programme at INSEAD, France.

- CAJ News

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