Nigeria’s second oldest bank Union Bank has announced the dissolution of it’s board and the takeover of it’s new chief executive officer.
According to a note by the Nigerian Exchange Limited the new CEO is no newbie in the financial sphere.
The new CEO is Titan Trust Bank managing director, Mudassir Amray and his appointment took effect on June 2.
Titan Trust Bank a subsidiary of TGI Group purchased 93.4 percent stake of Union Bank giving them majority shareholding and the decision came after Titian Trust Bank decided to effect the take over of the long standing financial edifice.
Following the decision, the bank has appointed a new chairman and three directors and they are Farouk Gumel (chairman), Andrew Ojel, Lawrence Mackombo and Abubakar Mohammed who have been appointed as directors.
Following the acquisition, 10 out of 13 members of Union Bank have exited the company.
For many union bank customers who are wondering who the new CEO is, well here’s a little profiling to keep you updated.
Mudassir Amray
Mudassir Amray is a world class banker with an impressive wealth of experience, exposure and connectivity within the banking sector.
His exposure and experience within the system are fetched from far and wide as he has been proven and applaud outside his geographic region in places such as USA, Nigeria, Malaysia, Hong Kong, Singapore and Pakistan.
His achievements are applaudable and have been consistent over the years.
For his education he He obtained his Bachelor of Commerce from National College, University of Karachi, and then went further to get his MBA from the University of Santo Tomas.
Before to his strides at Titan Trust Bank which he helped to establish and was named CEO of in 2019, Mudassir Amray worked with Citibank in New York, an establishment where he spent most of his career gaining momentum. He held various senior positions at Citibank. He also worked at other foreign and local banks throughout his career. Hence, it is safe to say that his wealth of experience can be duly traced and his impact attested of by international financial institutions.
The new CEO of Union Bank has an impressive portfolio and has served the banking sector for years.
Various positions held
1. He was resident vice president, Citigroup, Karachi, Citigroup Inc. 2.From 2003 to 2004, he was financial institutions head, Pakistan and Afghanistan, Citigroup Inc. 3.From 2004 to 2007, he led as corporate bank head for Lahore, Citigroup Inc. 4.From 2007 to 2008, he was banking head for Citibank NA Pakistan. 5.From 2008 to 2011, he became the head, Asia Pacific Islamic Banking, Citigroup Inc. 6.From 2010 to 2011, director, Global Network Capital Management, Citigroup Inc. 7.From 2011 to 2013, he was the head, Wholesale Banking, AL Rajhi Bank. 8.From 2013 to 2018, Mudassir led as Managing Director/head, corporate, Citibank Nigeria Ltd. 9.From 2009 to 2022, Mudassir was CEO/Managing Director, Titan Trust Bank Ltd
