[NIGERIA] Polaris Bank appoints new members into its leadership team
Chinwe Iloghalu
joins the Bank as Executive Director, Lagos and Corporate Banking
Lagos, June 9th, 2023: Polaris Bank is pleased to announce the appointment of two new members of its executive leadership team. Chinwe Iloghalu joins the Bank as Executive Director, Lagos and Corporate Banking and Martins Izuogbe joins the Bank as Executive Director, Service and Technology.
Martins Izuogbe joins
the Bank as Executive Director, Service and Technology.
These appointments are
an important landmark in the delivery of Polaris Bank’s refreshed strategy,
which is focused on technology and service as critical pillars for growth and
is already delivering results, with deposit growth, an expanded product suite
and service efficiencies all contributing to improved performance. The new
management team is focused on positioning the Bank to compete strongly in
Nigeria’s dynamic financial services ecosystem and further appointments will be
made into an expanded leadership team over time.
Commenting on the
appointments, the MD/CEO of Polaris Bank Adekunle Sonola said: “I am very
pleased to welcome Chinwe and Martins to the executive leadership team at an
exciting time for Polaris Bank. Both have extensive experience in the Nigerian
banking sector, and strong track records in corporate banking, innovation and
technology, which are integral to our strategy. We have set out some ambitious
targets for growth over the coming years, and I am confident we have brought
together the right management team to deliver those targets. I look forward to
working with Chinwe and Martins over the coming months and years.”
Chinwe Iloghalu, ED,
Lagos and Corporate Banking:
Chinwe is a seasoned banker with more than 25 years’ experience in financial
services. Prior to her appointment she was the General Manager/Regional Head at
Fidelity Bank covering the Lagos operations with extensive experience across
the digital and electronic banking ecosystem.
Martins Izuogbe, ED
Service and Technology
Martins has 25 years’ experience in the banking sector, all with Fidelity Bank
where he served as the Regional Bank Head for Apapa prior to his appointment.
He has spent a significant part of his career in operations and IT leadership
roles,and brings that knowledge to his role leading our service and technology
function.
Following the
appointments, Segun Opeke (ED Lagos and Corporate Banking) and Abdullahi
Mohammed (ED North) will complete their tenures on the management team. Both
executives played vital roles during the stabilisation of Polaris Bank
following the transition from Skye Bank, helping to return the Bank to
profitability.
Commenting on their
contributions to the transition, Adekunle Sonola said: “I would like to offer
my thanks to Segun and Abdullahi for their help, support and guidance over the
last six months. Following the acquisition of Polaris Bank by SCIL, they have
been integral to the transition process, supporting the new board and CEO to
build on the strong foundations they have established.”
About Polaris Bank
Polaris Bank was
established in 2018 to offer commercial banking services to the Nigerian
public. With a footprint of over 253 branches across the country, Polaris Bank
prides itself in delivering exceptional customer experience and leveraging best
in class/state of the art Information Communication Technology (ICT). By
focusing on ICT solutions across multiple service delivery channels (mobile
banking, ATMs, POS and online platforms) Polaris Bank maintains a pivotal role
in the Nigerian banking industry, providing customers with simple, convenient
and secured banking services.
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