Skye Bank’s Board of Directors has confirmed a successor to the present Group Managing Director/Chief Executive Officer, Mr. Durosinmi-Etti who is to retire from the bank on the 31
st of July, 2014 to mark the end of his tenure.
His successor is Mr. Timothy Oguntayo who is currently the Bank’s Executive Director that is responsible for the supervision of the bank’s corporate and investment Banking Group, Commercial Banking in the South west and all its international banking subsidiaries.
Durosinmi-Etti’s retirement which is to take effect from 31
st July will be his Managing Director role while he plans to serve out his 10-year maximum term as the Bank’s CEO. Durosinmi-Etti had held the position of the MD/CEO of the defunct EIB International Bank from July, 2002, to 2006 when the bank merged with four other financial institutions to form Skye Bank. He became the managing director of Skye Bank on August 1, 2010.
In a statement, the Board thanked Durosinmi-Etti for his service to the institution from the period of its consolidation, first in his capacity as the Deputy Managing Director and subsequently as the GMD/CEO. They noted that under his direction, the bank has recorded significant progress both in quantitative and in qualitative terms.
It continued, “The appointment of Timothy Oguntayo is consistent with the bank’s tradition and succession strategy of grooming leaders from within. Timothy is an alumnus of the prestigious INSEAD, Fontainebleau in France and a fellow of the Chartered Institute of Bankers of Nigeria. He is also an Associate of The Institute of Chartered Accountants of Nigeria. He has over two decades of banking experience in Corporate Finance and Investment Banking, Business Development, Credit and Marketing, and Operations. He was appointed to the Board of the Bank and its subsidiary companies in 2009. He was the pioneer MD/CEO of Skye Financial Services Limited (the investment banking arm of Skye Bank) before the Bank’s divestment from it in 2012. He equally served on the Board of Skye Stockbrokers Limited and Law Union & Rock Insurance Plc. He is currently a Director on the Board of Kakawa Discount House Limited.”
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This article was first published on 16th April 2014
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Skye Bank’s Board of Directors has confirmed a successor to the present Group Managing Director/Chief Executive Officer, Mr. Durosinmi-Etti who is to retire from the bank on the 31st of July, 2014 to mark the end of his tenure.
His successor is Mr. Timothy Oguntayo who is currently the Bank’s Executive Director that is responsible for the supervision of the bank’s corporate and investment Banking Group, Commercial Banking in the South west and all its international banking subsidiaries.
Durosinmi-Etti’s retirement which is to take effect from 31st July will be his Managing Director role while he plans to serve out his 10-year maximum term as the Bank’s CEO. Durosinmi-Etti had held the position of the MD/CEO of the defunct EIB International Bank from July, 2002, to 2006 when the bank merged with four other financial institutions to form Skye Bank. He became the managing director of Skye Bank on August 1, 2010.
In a statement, the Board thanked Durosinmi-Etti for his service to the institution from the period of its consolidation, first in his capacity as the Deputy Managing Director and subsequently as the GMD/CEO. They noted that under his direction, the bank has recorded significant progress both in quantitative and in qualitative terms.
It continued, “The appointment of Timothy Oguntayo is consistent with the bank’s tradition and succession strategy of grooming leaders from within. Timothy is an alumnus of the prestigious INSEAD, Fontainebleau in France and a fellow of the Chartered Institute of Bankers of Nigeria. He is also an Associate of The Institute of Chartered Accountants of Nigeria. He has over two decades of banking experience in Corporate Finance and Investment Banking, Business Development, Credit and Marketing, and Operations. He was appointed to the Board of the Bank and its subsidiary companies in 2009. He was the pioneer MD/CEO of Skye Financial Services Limited (the investment banking arm of Skye Bank) before the Bank’s divestment from it in 2012. He equally served on the Board of Skye Stockbrokers Limited and Law Union & Rock Insurance Plc. He is currently a Director on the Board of Kakawa Discount House Limited.”
