FSDH Appoints New Managing Director/CEO

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The management of FSDH Merchant Bank has announced that its Managing Director/CEO, Mr. Rilwan Belo-Osagie, will retire with effect from January 31, 2017, after 24 years of meritorious service to the company.

In accordance with the bank’s succession plan, Mrs Hamda Ambah who is currently the bank’s Executive Director, Corporate and Investment Banking will assume the role of Managing Director with effect from February 1, 2017, the bank said in a statement.

According to FSDH, “Ambah started her banking career at the International Merchant Bank Plc. in December 1982. Mrs. Ambah joined the bank in August 1993 as an Assistant General Manager with responsibility for the company’s relationships with large corporate organizations and non-bank investors. She rose through the positions of Deputy General Manager and General Manager to become an Executive Director in September 2009.

“Ambah has always played an important role in the growth of FSDH. She currently supervises, the Corporate and Investment Banking groups, the branches and the FSDH wholly-owned subsidiaries. Ambah is a graduate of the University of Lagos, Nigeria and Imperial College of Science and Technology. Ambah is a member of the Nigerian Chartered Institute of Stockbrokers and was awarded the institute’s 1999 IBTC award for the best examination candidate in Corporate Finance.”

According to the Chairman, Mr. Osaro Isokpan, the board is confident that Ambah will continue to run the bank with the guiding principles of integrity, professionalism and excellent service delivery while steering the institution to greater heights.