Zenith Bank effects change at the top

A leading bank in Nigeria, Zenith Bank Plc has appointed a new group managing director, Ebenezer Onyeagwu to replace the current helmsman Peter Amangbo, who succeeded Jim Ovia 10 years ago.

Onyeagwu appointment as GMD/CEO of the bank CEO of the bank takes effect on June 1, 2019.

Onyeagwu is coming in with enormous experienced on financial issues. He is trained in reputable institutions of learning in Nigeria, the United Kingdom and United States of America.

With nearly 30 years’ experience in the banking industry in Nigeria, Mr. Onyeagwu, who is a graduate of accounting from Auchi Polytechnic, began his career at the defunct Financial Merchant Bank in 1991 and later held several management positions in the erstwhile Citizens International Bank Limited until 2002.

He joined Zenith Bank Plc in 2002 as a Senior Manager, in the Internal Control and Audit Group of the bank. His professionalism, competence, integrity and commitment to the set objectives of the bank saw him rise swiftly between 2003 and 2005, first, as Assistant General Manager, then Deputy General Manager, and eventually as General Manager of the bank. In these capacities, he handled strategies for new business and branch development, management of risk assets portfolios, treasury functions, strategic top-level corporate, multinationals and public institutional relationships, among others.

He was named Executive Director of the bank in 2013, and put in charge of Lagos and South-South Zones as well as strategic groups/business units of the bank including Financial Control & Strategic Planning, Treasury and Correspondent Groups, Human Resources Group, Oil and Gas Group, and Credit Risk Management Group, etc. He was named Deputy Managing Director of the bank in 2016.

It will be recalled that Amangbo tenure as the bank’s GMD will be running out on June 1 2019.