Access Bank appoints Roosevelt Ogbonna as Group Deputy Managing Director

19 Apr 2017
Financial Nigeria


Prior to his appointment, Ogbonna was Access Bank’s Executive Director, Commercial Banking Division. 

Roosevelt Michael Ogbonna, the new Group Deputy Managing Director, Access Bank Plc

Access Bank has announced the appointment of Roosevelt Michael Ogbonna as its new Group Deputy Managing Director, according to a statement released by the Nigerian Stock Exchange on Wednesday.

The bank said Ogbonna will replace Obinna Nwosu, the erstwhile Group Deputy Managing Director, who resigned last month to pursue personal endeavours.

Prior to his appointment, Ogbonna was the bank’s Executive Director, Commercial Banking Division – a position he has held since 2013. He has over 19 years’ experience in the financial sector, having worked in treasury, commercial, and corporate banking. He joined Access Bank in 2002 from Guaranty Trust Bank.

Access Bank’s new Group Deputy Managing Director holds a bachelor’s degree in Banking and Finance from the University of Nigeria, Nsukka. He is a Fellow of the Chartered Institute of Accountants of Nigeria and has attended Executive Management Development Programmes at several highly-rated universities around the world.

Ogbonna’s appointment has been approved by the Central Bank of Nigeria.

Founded in 1988, Access Bank is one of the largest banks in Nigeria, with over 350 branches across the country. The bank also has subsidiaries in seven other countries: Ghana, DR Congo, Gambia, Zambia, Rwanda, Sierra Leone, and the United Kingdom. The bank reported an after-tax profit of N71.44 billion in 2016 – 9 per cent higher than its profit in the preceding year. Meanwhile, its gross earnings rose 13 per cent to N381.32 billion last year. The bank’s total assets stood at N3.48 trillion at year end, up 34 per cent from the previous year.

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