Fidelity Bank appoints ex-AMCON boss, Mustafa Chike-Obi as chair
Fidelity Bank Plc. has appointed Mustafa Chike-Obi as its Board chairman. This comes after the retirement of Ernest Ebi who has completed his tenure in line with the bank’s internal governance policy.
In a statement, the bank also announced that Seni Adetu, an independent non-executive director, has completed his tenure too.
Ebi, who was appointed chairman of the bank in 2016, recently celebrated his 70th birthday. His successor, Chike-Obi, is currently the executive vice-chairman at Alpha African Advisory.
Chike-Obi was Founding President at Madison Advisors, a financial services advisory and consulting firm in New Jersey, specializing in hedge funds and private equity investment advice.
Chike-Obi was the first chief executive officer of the Asset Management Corporation of Nigeria (AMCON), an institution established to resolve the problem of non-performing loan assets of Nigerian banks after the 2008 global financial crisis.
Mustafa Chike-Obi started off his Nigerian Banking career with Chase Merchant Bank from 1980 – 1982 as Head of Treasury Department.
“He has over 40 years of experience in investment banking and the financial services sector, working with reputable global investment banking and asset management firms,” the bank said, referring to Chike-Obi.
The bank said Ebi will continue in the role until the incoming chairman steps in.
Commenting on the bank’s status during his exit, Ebi said: “I feel that the management team has consolidated on our plans to become one of the fastest-growing banks in the country strongly rooted in technology only comparable with the best in the world.
“I am confident that my successor will continue on that path to take the bank to its next stage of growth and advancement. I wish my successor, the management team, and the entire staff of Fidelity Bank the very best for continued success.”
NnamdiOkonkwo, Fidelity Bank’s CEO, also commended the contributions of the outgoing board members, saying the bank has benefited immensely from their experiences and looked forward to continuing the bank’s upward growth trajectory with the incoming chairman-designate.
Chike-Obi holds a bachelor’s degree in mathematics from the University of Lagos (first class honours), and an MBA from Stanford University Graduate School of Business.
RECOMMENDED ARTICLES
Comment
No comments found.