ROYALEX Announces Appointment of New Executive Directors

Proshare

Tuesday, December 17, 2019 / 04:18 PM / NSE / Header Image Credit: Royal Exchange


Royal Exchange Plc (Royal Exchange or the Company) wishes to notify The Nigerian Stock Exchange and the investing public of the appointment of the following persons as Executive Directors of the Company with effect from December 4, 2019:

 

1.       Mr. Olawale Omotunde Banmore - Group Managing Director

2.      Mr. John Chukwudi Iwuajoku- Group Executive Director (Operations)

 

Olawale is a seasoned Insurer with over 27 years on the job experience in the insurance Industry. He is a graduate of Sociology from the University of Ibadan and holds a Masters Degree in Managerial Psychology from the same institution. He is an associate member of the Chartered Insurance Institute of Nigeria (ACIIN); a member of the Africa Insurance Organization; a member of the Nigeria and South Africa Chambers of Commerce and an alumnus of the Lagos Business School

 

He joined the Company in 2003 and acted in various managerial capacities within the Company. He was the Managing Director of Royal Exchange Prudential Life Plc, a subsidiary of Royal Exchange Plc from 2011 to December 4, 2019.

 

Prior to this appointment, he was appointed by the Board of Directors of the Company on October 17, 2018 to oversee the affairs of the Royal Exchange Group pending the appointment of a substantive Group Managing Director.

 

John is a consummate finance expert with over 23 years professional experience in the financial services industry. He joined the Company in 2018 as the Chief Operating Officer.

 

Prior to joining the Company, he was Vice President at First City Monument Bank, Nigeria where he held several top positions, which included Head Branch Coordination, Head Service Management, Head Shared Services, Head Card and Electronic Banking.

 

John holds a Bachelor's degree in Economics from the Obafemi Awolowo University and Masters in Business Administration from the University of Calabar. He is an Honorary Associate of the Chartered Institute of Bankers of Nigeria; Fellow, Institute of Information Management; Fellow, Chartered Economist of Nigeria and Member, Nigeria Institute of Management.

 

Visit  Royal Exchange Plc IR Page in Proshare MARKETS

Graph - One Year Share Price Movement

 Proshare Nigeria Pvt. Ltd.

 

Table: Unaudited Q3 2019 Results

Proshare Nigeria Pvt. Ltd. 


Related News

1.    NSE Lifts Suspension Placed On Trading In The Shares Of Royal Exchange Plc

2. ROYALEX Releases Q4'18, Q1 and Q2'19 Results; Declares N443.91m Loss in Q2,(SP:N0.22k)

3.  ROYALEX Appoints Olawale Banmore as Acting GMD; Announces The Exit of Alhaji Auwalu Muktari

4.    ROYALEX to Hold an Emergency Board Meeting on 11th September, 2018

5.    ROYALEX Declares N19.45m PAT in Q2 2018 Result,(SP:N0.27k)

6. ROYALEX Releases Q1 2018 and 2017 Audited Results; Declares N389.91m PAT in Q1 2018,(SP:N0.36k)

7.    ROYALEX to Consider its Financial Statement by Circulation on Monday 16 July, 2018

8.    Royal Exchange Plc to Hold Its Board Meeting on Wednesday, July 25,2018

9.    Royal Exchange Plc Announces Delay in Filing FY 2017 and Q1 2018 Reports

10. Royal Exchange Plc Appoints Mr. Hewett Benson as Independent Executive Director

READ MORE:
Related News
SCROLL TO TOP