The country’s Banking sector has began the year on a note of historical development in which a local Bank of Nigerian origin has appointed a Ghanaian as its Managing Director.
                                                 
Zenith bank is the first local Bank of Nigerian origin to have a Ghanaian as its Managing Director.  

Zenith Bank which is currently the Best Bank according to the Banking Awards is a subsidiary of the 2nd Largest Bank in Nigeria in terms of capitalization.
                                                                         
Daniel Asiedu’s, who was the Bank’s Chief Operating Officer hitherto is now the new Managing Director of the Bank.       

Mr. Asiedu’s appointment takes effect by the end of the month and he takes over from Mr. Andy Ojei who had been the bank’s Managing Director since the bank’s inception in Ghana in the year 2005.

In an interview with CITI BUSINESS at the sidelines of the official handing over ceremony, Mr. Asiedu outlined what he brings on board adding that the change is expected to rather strategically well-position the bank in the achieving its goal. 

He said Mr. Ojei’s departure will not change anything since he (Mr. Ojei will still be on board and be available whenever needed.

He said the structures, processes and the systems Mr. Ojei put in place is still running and he hope to improve on the levels and to take the bank to a different level and therefore assuring all their customers and Ghanaians to expect the best from Zenith bank in the years to come.

He said he brings on board experience, innovation, commitment and will work with the team Andy started with.
He indicated that nothing has change since he has always being there from day on so it’s not different from the way things has always being done.

Meanwhile, the outgoing Managing Director, Andy Ojei is expected to take up higher responsibilities in the Bank’s operations by joining the risk management team at its headquarters in Nigeria.                                  

He also recounted to CITI BUSINESS, this new role and what he deems his legacy as he leaves office. 

He said the Bank has a management structure in place so he will join the structure and further strengthen it by ensuring enough capital is put in place for any risk.

He said the movement from loss making bank to profit making bank was a turning point for the bank and it is now satisfying because they realized they were in business and have come to stay.