Keystone appoints acting managing director

Keystone Bank Limited says it has appointed Mr Abubakar Sule, as the acting managing director/ chief executive officer.

A statement from the bank, however, added that Mr Obeahon Ohiwerei had resigned from office as Managing director/ Chief executive officer of the bank.

The bank stated that Sule’s appointment had been approved by the Central Bank of Nigeria. It was revealed Ohiwerie left in order to pursue other personal interests.

Also, the bank added that the board recognised and appreciated Ohiwerei’s immense contributions to the growth of Keystone Bank and the visibility the bank had attained as a brand in the past eighteen months.

“Sule is a graduate of Ahmadu Bello University, Zaria with degree in Accounting. He is a fellow of the Institute of Chartered Accountants of Nigeria; an honorary member of the Chartered Institute of Bankers of Nigeria; a governing member of the Chartered Institute of Bankers of Nigeria(CIBN); and an alumnus of both the INSEAD (France) and Wharton Business School in Pennsylvania, USA. He was until his appointment, the deputy managing director of the bank.

“Sule has over 29 years of cutting-edge banking experience with competences in corporate banking, operations, treasury management, credit structuring, corporate planning, as well as possession of very strong relationship management skills.

Of track records “Sule had also served briefly as the managing director of Sterling Capital Limited, the investment banking subsidiary of Sterling Bank Plc in 2009. While at Sterling Capital Limited, he was appointed by the CBN as part of the executive management team to turnaround the fortunes of erstwhile Intercontinental Bank Plc.

“He eventually returned to Sterling Bank Plc as executive director in charge of the North and corporate banking. Also, he worked briefly in Standard Chartered Bank Limited before joining Keystone Bank. “