Miriam Olusanya has replaced Segun Agbaje as Managing Director of Guaranty Trust Bank.
Her appointment was disclosed in a notice to the Nigerian Exchange Group Limited (NGX) which was signed by the company’s secretary, Erhi Obebeduo.
With this appointment, Olusanya becomes the first female Managing Director in the bank history.
Agbaje had during the bank’s investor earnings in September, disclosed that GTBank was looking for its next Managing Director.
He had disclosed 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.
She joined GTbank as an Executive Trainee and rose to the position of a General Manager until she was appointed Executive Director.
Also, the bank 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 said that a new operating company bearing the name ‘Guaranty Trust Holding Company Plc’ (GTCo) has been established which is part of the conditions for the re-organization.
The bank also announced a new Board of Directors as well as changes to the Board of its banking subsidiary (GTBank).
Prime Business Africa had reported that Guaranty Trust Holding Company Plc (GT HoldCo) was listed by the Nigerian Exchange Group (NGX) following the NGX delisting of Guaranty Trust Bank Plc.
Agbaje had said the transition into a Holdco was a necessary step to future-proofing their leadership position, sustainably growing their earnings and achieving their long-term goal of becoming one of the top five financial institutions in Africa.