UT bank’s COO to be named as new CEO of the bank

Stephen_Antwi-Asimeng1Citi Business News can confirm UT bank’s Chief Operating Officer Mr. Stephen Antwi-Asimeng will take over as the bank’s new CEO.

Mr. Stephen Antwi-Asimeng will take over from Mr. Prince Kofi Amoabeng who will retire from the bank by the end of 2015.Mr. Stephen Antwi-Asimeng prior to his appointment as Chief Operating Officer at UT Bank, was the Chief Operating Officer at Universal Merchant Bank.

He has over 25 years of solid professional experience in Banking & Finance, Investment, Management and Leadership.

He has held several Senior and Executive Management positions including Board level appointments in the banking and financial services industry in Ghana.

He started his banking career in 1991 with the National Investment Bank Limited, and then Ecobank Ghana Limited (from 1995 to 1998) where he initially worked as a Crdit Officer, later joining the Bank’s Capital Markets team as Senior Corporate Finance Officer.

In 1998, Stephen joined the Fidelity Group (now Fidelity Bank).

He held several positions in the group including starting the group’s lending business and building its investment banking portfolio.

During the years 2004 to 2013, he held the role of Managing Director of Fidelity Capital Partners Limited, a member of the Fidelity Group.

During this period, Stephen led and built the Private Equity and Venture Capital Fund Management Team and portfolio of the Company from two professionals into a leading SME Private Equity business in West Africa and oversaw a ten-fold increase in assets under his management.

The last position he held before joining UT Bank was as the Operating Officer at Universal Merchant Bank Limited where he played several key roles in the rebranding, turnaround and business growth of the bank.

He has significant experience in Corporate Finance Advisory Services, Project Management, Loan Syndications, Credit Management, Corporate Restructuring and Operations.

Stephen holds a Master of Arts degree in Banking and Finance from the University of Wales, UK and a Bachelor’s degree in Economics from the University of Ghana, and received executive education from reputable institutions including the Amsterdam Institute of Finance and Harvard Business School.

source: citifmonline.com

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