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Diamond Bank Appoints Omobola Johnson and Ian Greenstreet as Independent Directors


Lagos, Nigeria – 23 August 2010

Diamond Bank Plc has announced the appointment on to its board of Mrs. Omobola Olubusola Johnson and Mr. Ian Greenstreet as new Independent  Directors.
Independent Directors are board members whose appointments are based on the value that they bring to corporate governance as a result of their deep and wide ranging professional experience and not necessarily on the size of their shareholding.
According to a statement issued by the Bank, the new appointments are in line with Diamond Bank’s tradition of appointing seasoned and tested professionals with proven track record into its Board. It is strongly believed that the new appointments which have already been approved by the Central Bank of Nigeria (CBN) will further strengthen the Bank’s leadership positions in corporate governance and risk management in the industry.
Mrs. Omobola Olubusola Johnson was until recently the Country Managing Director of Accenture in Nigeria and the first woman to hold that position. Omobola holds a Bachelor's Degree in Electrical and Electronic Engineering from the University of Manchester and a Masters degree in Digital Electronics from King's College, London. She joined Accenture, then Andersen Consulting in 1985. At Andersen, she garnered experience in the areas of enterprise transformation- having worked with Board and Management of several major banks and CBN of Nigeria to successfully transform these organisations in a more competitive and dynamic environment. Some of the initiatives in these transformation projects range from strategy development to process re-engineering, HR transformation, technology developments and change and programme management.
In the multiple of years she spent at Accenture, she progressed through various roles and was a Director and the Head of the Financial Services operating group in Nigeria before her appointment as the Managing Director December 2005 where she was responsible for implementation of Accenture’s strategies in Nigeria and the rest of West Africa. Omobola likes travelling and plays golf. She is a member of many prestigious clubs in Nigeria and Non-Governmental Organisations- she is the founding Chairperson and member of Board of Trustees of Women in Management and Business, among others.
Similarly, Mr. Ian Greenstreet is considered by many as one of the world’s leading Risk Management professionals. Greenstreet, a Chartered Accountant (Institute of Chartered Accountants of England and Wales) holds a B.Sc (Hons) in Computer Science & Accounting from the University of Manchester. His career spans  over 25 years in the financial sector, specialising in  risk management and credit analysis. In 2006, he joined the Medicapital Bank as the head of risk where he set up enterprise risk management for the Bank covering market risk, credit risk and operational risk including systems, procedures and policy manuals which gained FSA approval.
In 1996 Greenstreet was appointed Regional Country Risk Officer (Managing Director) ABN AMBRO Bank- London. For ten years  he was responsible for the bank’s credit approval, credit monitoring and credit risk quantification of exposures working closely with client coverage and trading floors providing structuring advice on transactions to ensure that risks are mitigated and comply with the bank ‘s risk apetite. This enabled him to gain indepth understanding of all wholesale bank’s products and project finance. Earlier in his career, he had worked as the Head of Credit Yamaichi International (Europe) Ltd, Lloyds Bank, Luxembourg (Privat Bank), Stoy Hayward, Luxembourg, Henderson Fund Management, Luxembourg, Midland Bank and Touche Ross & Co London.

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