Management Restructuring: GTBank to Appoint Miriam Olusanya as New MD
Guaranty Trust Bank, one of Nigeria’s most respected commercial bank is embarking on a management restructuring procedure which according to a source is at the final stage
Sources with knowledge of the matter said the current MD/CEO Segun Agbaje will now take up the position of MD/CEO of the bank’s Holding Company. He has served as the Managing Director of GTbank for the past 10 years.
According to multiple sources, the bank is set to announce Miriam Olusanya as its new Managing Director and the Central Bank has already been notified and a formal announcement could be made anytime soon.
Olusanya, until her appointment 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.
She joined GTbank as an Executive Trainee and rose to the position of a General Manager until she was appointed Executive Director.
In an internal memo dated April 28, 2021, Thomas John has been appointed Managing Director of GTB West Africa while Bayo Veracruz was appointed Managing Director of GTB East Africa.
Others are Olayinka Odusote as Divisional Head, Digital Banking, an important position considering the bank’s ambition to transform into a full-fledged digital bank. Ijeoma Esemudje is appointed Divisional Head Corporate Bank Mainland & Agric.
As part of the management restructuring already in effect, two of the oldest and revered Executive Directors of the bank have already been asked to retire after illustrious years of service to the bank.
In September 2020, Agbaje disclosed during the bank’s investor earnings call that GTBank was already looking for its next Managing Director. According to him, five of the bank’s Executive Directors were in line for the top job and were at the concluding stages of the recruitment process.
“What we are looking for now is a Managing Director for Guaranty Trust Bank Nigeria. The process has started; we have 5 Executive Directors and so all of them are going through the process at the moment.
We are working with a consulting firm in the UK ….. at the end of this process which will end at the beginning of the fourth quarter, we will have a Managing Director for GT Bank Nigeria.”
/// Miriam Olusanya