GTB appoints Olusanya as First Female Managing Director

The newly established Guaranty Trust Holding Company Plc has appointed Mrs Miriam Olusanya as the managing director of Guaranty Trust Bank Limited.

It also announced its new board of directors as well as changes to the board of its banking subsidiary, Guaranty Trust Bank Limited on Wednesday.

The statement said the banking subsidiary, Guaranty Trust Bank Limited will be governed by a board of directors comprising, Mr Ibrahim Hassan as chairman of the board, Mrs Miriam Olusanya as managing director, Mr Jide Okuntola as deputy managing director, Mr Haruna Musa as executive director, Mr Olabode Agusto as independent non-executive director, Ms Imoni Akpofure and Mrs Victoria Adefala as independent non-executive directors.

According to the statement, Guaranty Trust Holding Company Plc would be governed by a board of directors comprising of Mr Sola Oyinlola as chairman of the board and Mr Segun Agbaje as the group chief executive officer, Mr Adebanji Adeniyi as executive director, Mrs Cathy Echeozo as non-executive director, Mr Suleiman Barau and Mrs Helen Bouygues as independent non-executive directors

All the appointments had been approved by the Central Bank of Nigeria and disclosed to the Securities and Exchange Commission and the Nigerian Exchange Group, it stated.

It stated that Guaranty Trust Bank Plc had completed its re-organisation to a holding company structure. Under the terms of the re-organisation, a new operating company had been established and amendments made to the articles of incorporation for a corporate name change. The corporate name of Guaranty Trust Holding Company Plc and GTCO Plc would be used by the newly established operating company.

Olusanya was an Executive Director in the bank until her appointment.

Olusanya joined the Bank in 1998 and has been in charge of managing the Bank’s Naira and Foreign Currency Balance Sheet, Asset and Liability Position as well as Money Market, Foreign Currency and Bonds Trading.

She holds a Bachelor of Pharmacy degree from the University of Ibadan (1995) and a Master of Business Administration (Finance and Accounting) from the University of Liverpool (2011).

Olusanya has attended a number of executive management and banking-specific programmes in leading educational institutions.

Commenting on the completion of the corporate reorganisation, Agbaje said, “We believe that a holding company structure will allow us take advantage of new business opportunities in the emerging competitive landscape and strengthen our earnings base.

“We are very excited to get started on the next phase of our incredible journey to driving Africa’s growth by making end-to-end financial services easily accessible to every African and African businesses by leveraging technology and strategic partnerships.

“As a bank, we were always looking to meet every customer need; with our corporate reorganisation, we will be able to do more to help our customers thrive in this new world of digital technologies and unprecedented possibilities.”