The Chief Executive Officer of the Universal Merchant Bank (UMB), John Awuah, has left the company.
“After four years of dedicated and growth-oriented service to the Bank, the Board of UMB announce the departure of their CEO, Mr. John Auwah,” a statement from the company stated.
The statement said Mr. Awuah initiated and championed successful strategies with the private sector as well as partnered the public sector on initiatives for the development of the country.
“Some of the projects [he executed] include the launch the UMB PPP Centre, and the growth of the Small and Medium Scale Enterprises in Ghana through the UMB Centre for Businesses. Under his leadership, the Bank introduced more branches and innovative products to meet its ever-growing customer base,” the statement added.
Mr. Awuah according to the company also built a strong foundation for the present and future growth of UMB “and the bank will continue to execute these laudable initiatives.”
The Board Chairman of UMB, in a message to John Awuah, said “ you are a strong advocate for team effort, and over the past 4 years, we have witnessed good and positive transformation under your watch. We wish you the very best in your future endeavours.”
UMB is one of the few local banks that will benefit from the special entity known as the Ghana Amalgamated Trust (GAT), created to support solvent local banks in the country.
The Ghana Amalgamated Trust (GAT) was set up by the government to support solvent and well governed indigenous banks with a 2 billion cedis support to meet the capital requirement.
The Agricultural Development Bank (ADB), National Investment Bank (NIB), (OmniBank / BSIC), and Prudential Bank are the other beneficiaries of the fund.
About John Awuah
Mr. John Awuah before joining UMB was the Chief Finance Officer and Director of Finance of GCB Bank Limited.
He joined GCB from Ecobank Capital where he was the Group Chief Finance Officer and exercised leadership over the finance functions of Ghana, Nigeria, Cote d’Ivoire, Cameroon, Kenya and Zimbabwe.
He has had senior management experience with Barclays Bank of Ghana, United Bank for Africa Ghana Ltd. (UBA Ghana Ltd.) and Standard Chartered Bank Ghana Ltd. with industry exposure from Tractor & Equipment (now Mantrac Ghana) and Western Castings Ltd. in various capacities.
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By: citibusinessnews.com | Ghana