The newly appointed Chief Executive Officer of the Universal Merchant Bank (UMB) John Awuah has resolved to maintain the high standards and objectives associated with the bank to raise it to new heights in his tenure.
“I am excited to join the management group of UMB and look forward to continuing and enhancing the vision that the UMB team commenced about a year ago,” stated Mr. Awuah.
Awuah is expected to lead “the next phase of the bank’s strategy”, according to a release from the UMB’s Marketing and Communications Department.
He takes over from immediate past CEO, Niila Selormey who was at the helm for two years. Already, reports indicate that a section of the workers in the bank are unhappy with the developments and are said to have petitioned the board over her alleged resignation.
Mr. Awuah, meanwhile has assumed duty and will be expected to work closely with the UMB Board of Directors in providing strategic counsel to UMB’s corporate and institutional clients on key issues.
“With his impressive wealth of experience in banking and finance, John will help UMB to be even more effective in serving our clients over the next few years. Prior to his appointment, he was an Executive Director of GCB Bank Limited where he successfully led the financial restructuring of the bank. At GCB Bank, Mr. Awuah led a team in putting in place financial controls and performance management systems of the bank”, the release signed by Yvonne Botchey, Director of Marketing and Communication said.
He is expected to play a leading role in designing and implementing the new chapter of growth for the bank.