Nigeria’s Fidelity Bank announces resumption of new first female Chief executive
A new chief executive officer will officially assume the leadership of Fidelity Bank Plc on Monday as Nnamdi Okonkwo formerly stepped down at the end of last year for Nneka Onyeali-Ikpe to take full charge of the lender by January 1, 2021.
Onyeali-Ikpe, who becomes the first female chief executive to assumed leadership of the bank since it was established about 33 year ago.
Okonkwo ended his tour of duty by the December 31, 2020, having completed his contract tenure in line with the bank’s governance policy.
In a statement, Fidelity Bank said Onyeali-Ikpe will consolidate on the already laid foundation and track record of performance, to execute the next growth phase.
The new chief executive was until her elevation the Executive Director, Lagos and South West Directorate of the bank and has been an integral part of management in the last 6 years.
She joined the bank in 2015 and spearheaded the transformation of the Directorate, leading it to profitability and sustained its impressive year-on-year growth across key performance metrics, including contributing over 28 percent of the Bank’s profit before tax (PBT), Deposits and Loans.
She is vastly experienced and has spent over 30 years working across various banks including Standard Chartered Bank, Zenith Bank and Citizens International Bank/Enterprise Bank, where she held several management positions in Legal, Treasury, Investment Banking, Retail/Commercial Banking and Corporate Banking.
As an Executive Director at legacy Enterprise Bank, she received formal commendation from the Asset Management Corporation of Nigeria (AMCON), as a member of the management team that successfully turned around Enterprise Bank.
She holds Bachelor of Laws (LLB) degree from the University of Nigeria, Nsukka; a Master of Laws (LLM) degree from Kings College, London; and has attended executive training programmes at notable global institutions including Harvard Business School; The Wharton School University of Pennsylvania; INSEAD School of Business; Chicago Booth School of Business; London Business School and IMD.