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.
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