Amangbo is Zenith Bank GMD/CEO des­ig­nate

Daily Trust - - BUSINESSS - From Kay­ode Ekun­dayo, La­gos

The Board of Di­rec­tors of Zenith Bank Plc has ap­proved the ap­point­ment of Mr. Peter Amangbo as the Man­ag­ing Di­rec­tor/CEOdes­ig­nate of the bank ef­fec­tive June 1, 2014. Mr. Amangbo takes over from Mr. God­win Eme­fiele who has been ap­pointed the Gover­nor of the Cen­tral Bank of Nigeria (CBN). Amangbo’s ap­point­ment which is con­sis­tent with the bank’s tra­di­tion and suc­ces­sion strat­egy of groom­ing lead­ers from within is sub­ject to con­fir­ma­tion by the CBN.

Peter Amangbo’s ap­point­ment is a con­fir­ma­tion of Zenith Bank’s cul­ture of mak­ing ap­point­ments from within its rank of Se­nior Man­age­ment. Cur­rently, Zenith boasts of over a dozen highly qual­i­fied and ex­pe­ri­enced Se­nior Man­age­ment from which it can draw from for fu­ture ap­point­ments ei­ther as CEO or Ex­ec­u­tive Di­rec­tors. Typ­i­cal of Zenith’s se­nior man­age­ment, Mr Amangbo has put in 21 years in the ser­vice of the in­sti­tu­tion.

Most of Zenith Bank Se­nior Man­age­ment Staff have spent about 20 years work­ing in the bank. Zenith continues to grow or­gan­i­cally and this rare in­sti­tu­tional at­tribute while deep­en­ing the Zenith cul­ture across ranks makes tran­si­tion easy for Zenith Bank as seen in the case of Peter Amangbo and even God­win Eme­fiele be­fore him.

Mr Amangbo has over two decades of ex­pe­ri­ence with Zenith Bank, gain­ing ex­pe­ri­ences in Cor­po­rate Fi­nance and In­vest­ment Bank­ing, Busi­ness De­vel­op­ment, Credit and Mar­ket­ing, Trea­sury, Fi­nan­cial Con­trol and Strate­gic Plan­ning and Op­er­a­tions. He was ap­pointed to the board of the Bank and its sub­sidiary com­pa­nies in 2005. He was a pioneer Non-Ex­ec­u­tive Di­rec­tor of Zenith Bank UK. Be­fore join­ing the bank­ing in­dus­try, he was a se­nior con­sul­tant with Price­Wa­ter­house where he cov­ered as­sign­ments in fi­nan­cial ser­vices, man­u­fac­tur­ing and gen­eral com­merce.

Peter Amangbo brings the ex­pe­ri­ence and ex­per­tise to meet the cur­rent com­pet­i­tive bank­ing chal­lenges that re­quire con­stant in­no­va­tion through proven lead­er­ship and team-build­ing skills, an ex­cep­tional abil­ity to drive prod­uct, process and cus­tomer ser­vice im­prove­ments and a talent for build­ing part­ner­ships with key busi­ness de­ci­sion-mak­ers. He also has demon­stra­ble abil­ity to mo­ti­vate, men­tor and lead tal­ented se­nior pro­fes­sion­als and to di­rect cross­func­tional teams.

He was part of the team that drove the Strate­gic Plan­ning and Suc­cess­ful ex­e­cu­tion for po­si­tion­ing the bank as one of the best in the Coun­try. His ex­em­plary lead­er­ship continues to make sig­nif­i­cant con­tri­bu­tions to the banks growth.

As an Ex­ec­u­tive Di­rec­tor of Zenith Bank for the last nine (9) years, Peter was re­spon­si­ble for the su­per­vi­sion of cor­po­rate and commercial bank­ing, cor­po­rate fi­nance, trade ser­vices and all the sub­sidiaries of the bank.

He is a mem­ber of the Board of Di­rec­tors of Zenith Bank PLC Nigeria, Zenith In­sur­ance Ltd, Nigeria, Zenith Pen­sions Ltd, Nigeria, Zenith Cap­i­tal Ltd, Nigeria and Zenith Bank, UK. He was a mem­ber of the board of In­ter­switch Nigeria Ltd from 2005 to 2007

Amangbo is an alum­nus of INSEAD and a fel­low of the In­sti­tute of Char­tered Ac­coun­tants of Nigeria. He holds an MBA from the Warwick Busi­ness School and a B Eng in Elec­tri­cal and Elec­tron­ics En­gi­neer­ing from the Univer­sity of Benin. He took cour­ses on Strate­gic IQ Pro­gram, Strate­gic Think­ing and Man­age­ment for Com­pet­i­tive Ad­van­tage and Ex­e­cu­tion in Ac­tion - The Art of Turn­ing Strat­egy into Ac­tion at the Har­vard Busi­ness School, Whar­ton School of Busi­ness and HSM - New York re­spec­tively.

Mr. Peter Amangbo

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