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2021: Bank executives that left and entered



inter regional trade, banks

Esther Ruby Arthur was barely 19 years old when she was employed by the Agricultural Development Bank (ADB) around 1981.

Last year, she retired from the same bank after 40 years and eight months of service to the only institution that she had known as an employer.

Prior to her retirement, she had risen from Secretary to Deputy Human Resource Manager of the agric-focused lender.

Arguably the most loyal bank employee yet, Mrs. Arthur is one of the many people who exited the banking sector in the 2021.

In the first part of a three series, we list the other interesting and high-profile executives who exited, entered or were elevated in the banking sector last year in no particular order.

Daniel Asiedu returns

Last year also saw the return of Daniel Asiedu as Managing Director (MD) of Omni-BSIC Bank.

In May 2021, he was made MD of the merged entity to help stabilise it as well as establish an enduring brand for the nascent lender.

Prior to his return to the top management of banking, the Chairman of the Fountain Gate Chapel and former MD of ADB and Zenith Bank Ghana was a consultant to Omnic-BSIC, one of the lenders that emerged from the recapitalisation and banking sector reform exercise that ended in December 2018.

Asiedu, a chartered accountant, replaced Philip Oti Mensah, who is now the Executive Director and Deputy MD of the bank.

Nana Benneh heads UMB

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In February, Nana Dwemoh Benneh replaced Benjamin Amenumey as the MD of Universal Merchant Bank (UMB).

Amenumey had joined the bank in 2016 and rose to the position of MD around 2019 before making way for Nana Benneh.

UMB said in a statement at the time that Nana Benneh entered the bank with “considerable local and international expertise in banking spanning over 15 years.”

All-female heads at Absa

The Absa Bank now has an all-female MD and Board Chairperson.

In February last year, Frances Adu-Mante replaced Charles Alexander Cofie, who retired in December 2020, to become the first female Board Chairperson of the rebranded lender.

A banker and legal practitioner, Adu-Mante added to Abena Ose-opoku, the MD of the bank, to make an all-female top leadership at Absa Bank.

Adu Mante had been on the board since 2017 prior to the elevation.

Bawelle is newest SME banker

There was also a new entrant at Omni-BSIC. Eugene Bawelle moved from the World Bank Group as a Consultant on Environmental and Social Risk Management in banking to become the Head of SME Banking.

Bawelle replaced Inusa Abdulai who now heads the bank’s Logistics Department.

New MD for mini central bank

Last year also saw the retirement of Kojo Mattah as MD of the ARB Apex Bank, the ‘mini central bank and regulator’ of the rural and community banks in the country.

A former Deputy MD of the bank, Awuah replaced Mattah in July 2021 as the acting MD before being confirmed on January 4, this year.

He had served as DMD since 2015 until the elevation.

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