Zenith Bank Plc has announced the appointment of Ebenezer Onyeagwu as the Group Managing Director/CEO of the bank effective June 1, 2019.
He replaces Peter Amangbo, whose tenure expires on May 31, 2019.
Amangbo leaves the bank at the end of a very successful career spanning over 27 years, with the last five years as GMD/CEO, a statement by the Bank said on Monday.
Onyeagwu is a vastly experienced banker and financial expert, trained in reputable institutions of learning in Nigeria, United Kingdom and United States of America.
He is an alumnus of the prestigious University of Oxford, England, from where he obtained a Postgraduate Diploma in Financial Strategy and certificate in Macroeconomics.
He also undertook extensive executive level business education in Wharton Business School of the University of Pennsylvania, Columbia Business School of Columbia University, the Harvard Business School of Harvard University (all in the United States) and Lagos Business School of the Pan African University, Nigeria.
Onyeagwu is a Chartered Accountant and was named a Fellow of the Institute of Chartered Accountants of Nigeria in 2003.
As Deputy Managing Director, Onyeagwu has oversight over the bank’s Financial Control and Strategic Planning, Risk Management, Retail Banking, Institutional and Corporate banking business portfolios, IT Group, Credit Administration, Treasury and Foreign Exchange Trading, as well as general administration of the bank, among others.
With nearly 30 years’ experience in the banking industry in Nigeria, Onyeagwu, who is a graduate of accounting from Auchi Polytechnic, began his career at the defunct Financial Merchant Bank in 1991 and later held several management positions in the erstwhile Citizens International Bank Limited until 2002.
He joined Zenith Bank Plc in 2002 as a Senior Manager in the Internal Control and Audit Group.
His professionalism, competence, integrity and commitment to the set objectives of the bank saw him rise swiftly between 2003 and 2005, first, as Assistant General Manager, then Deputy General Manager, and eventually as General Manager of the bank.
In these capacities, he handled strategies for new business and branch development, management of risk assets portfolios, treasury functions, strategic top-level corporate, multinationals and public institutional relationships, among others.