BusinessBanking/FinanceBreaking: Access Bank Appoints Wigwe GMD, Ogbonna MD

Breaking: Access Bank Appoints Wigwe GMD, Ogbonna MD

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By James Orji
Herbert Wigwe will step down as the managing director and chief executive officer, CEO of Access Bank Plc to take up a new role as the Group Managing Director of Access Holdings Plc.
The lender, announced in a notice to the Nigerian Exchange, NGX on Monday the successful completion of its restructuring into a Holding Company structure, HOLDCO now known as Access Holdings Plc.

According to the notification, the commercial bank disclosed that Bababode Osunkoya and Wigwe have been appointed as the chairman and GMD of Access Holdings Plc, respectively.

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The bank further disclosed that Roosevelt Ogbonna has been appointed as the managing director/CEO of the banking subsidiary, while Victor Etuokwu would take up the role of deputy managing director (North) and Chizoma Okoli, deputy managing director (South).

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Under the new re-organisation, the bank said I  the notice to NGX, Access Holding Company Plc would serve as the parent company for the group – Access Bank Nigeria and its many subsidiaries.

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The parent company now holds 100 per cent shares of Access Bank Nigeria and 100 per cent shares of all non-banking subsidiaries of the bank. While Access Bank Nigeria now own all its banking subsidiaries (15 in total) and all its three representative offices in India, China and Lebanon, the lender said.

Other members of Access Holdings Plc board are:  Abubakar Jimoh (Independent Non-Executive Director),
Mrs. Fatimah Bello-Ismail (Independent Non-Executive Director), Mrs. Ojinika Olaghere (Non-Executive Director), Olusegun Ogbonnewo (Non-Executive Director),  Roosevelt Ogbonna (Non-Executive Director), Oluseyi Kumapayi (Non-Executive Director) and Ms. Bolaji Olaitan Agbede (Executive Director)

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