GTBank Appoints Deputy MD, 3 New EDs

In furtherance of its efforts to position itself as the bank of choice in the country, second generation bank, Guaranty Trust Bank Plc, has appointed a new deputy managing director and 3 executive directors to its board.

According to top sources at the bank, Mrs. Cathy Echeozo formerly an executive director and head of the bank’s Institutional Banking Division was appointed deputy managing director at a recent board meeting. Mrs. Echeozo joined GTBank in 1993 and has worked in the Bank’s Treasury Management, Credit Management, Systems & Control and Institutional Banking Divisions. She has a first degree in Accounting from the University of Nigeria and an MBA from the University of Maryland U.S.A. A certified Information Systems Auditor and Fellow of the Institute of Chartered Accountants of Nigeria, she was chairperson Emerging Issues Sub Committee, on the Committee of Chief Inspectors of all Banks in Nigeria (1999-2000) and pioneered the bank’s entry into the Nigerian Retail Market.

In addition to Mrs. Echeozo’s appointment, Mr. Wale Oyedeji, former Managing Director of GTBank (U.K) Limited, Mr. Demola Odeyemi, Chief Financial Officer and Head of Strategy and Mrs. Tola Omotola, Company Secretary and Legal Adviser of the bank, were also confirmed as executive directors of the bank. The new executives will replace three former directors; Mr. Jide Ogundare, Mrs. Titi Osuntoki and Mr. Akin George-Taylor, who voluntarily resigned from the bank recently, after putting in between 18 and 21 years of service each.

According to a statement by Mr. Segun Agbaje; Managing Director of Guaranty Trust Bank Plc, “the exiting trio have contributed immensely to the success of the bank. However, this provides an opportunity to further engender a rejuvenation and provide ample opportunities for the younger generation to rise and harness their full potential.” Mr. Agbaje further stated that the new appointments were subject to the approval of the Central Bank of Nigeria (CBN).

Guaranty Trust Bank plc has instituted structures and introduced several innovations over the last 4 months in its bid to further consolidate its position as the most serviced, focused and profitable bank in Nigeria. These include the migration of its operations to HP Superdome Servers, the introduction of a ‘FastTrack’ banking system that allows its customers withdraw money within its branches, using their debit cards and the introduction of GTCrea8 eSavers; an undergraduates account built on the familiarities of the standard ‘Generation Y’ customers.