David Isiavwe has been named Executive Director of Operations and Information Technology at NOVA Bank, and Chinwe Iloghalu has been named Executive Director of Institutional and Commercial Banking. These hires are a part of NOVA Bank’s strategy to bolster its executive team as it pursues innovation in the wake of its recent conversion to a national commercial bank.
According to a bank statement available to BrandSpur banking and finance news desk, it said: “Isiavwe has over 30 years of banking experience in domestic and international banks. With a Ph.D. in Accounting. Isiavwe is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and Fellow Compliance Institute of Nigeria (FCIN) in addition to other professional certifications such as Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), Certified Governance of Enterprise IT (CGEIT), Certified Information System Auditor (CISA), Certified Data Privacy Solutions Engineer (CDPSE) amongst others.”
Furthering, the statement partly reads: “He has attended leadership programmes in some major global institutions such as Harvard Business School, MIT and Oxford University. He currently serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), and holds a position on the Governing Council of the Fintech Association of Nigeria. Additionally, he chairs the Statutory Audit Committee of Nigeria Inter-Bank Settlement System Plc (NIBSS). His appointment underscores NOVA’s focus on digital transformation, with his vast experience playing a crucial role in advancing the Bank’s technology-driven phygital model.”
Continuing, it stated that Chinwe Iloghalu, who has nearly thirty years of expertise in the banking sector, will be joining the bank as executive director of Corporate and Commercial Banking, which is its main business and relationship management division.
Adding: “Throughout her distinguished career, she has made significant contributions in business and corporate banking, with expertise spanning sectors such as energy, corporate, commercial, and digital banking, where she has consistently created sustainable value and returns for key stakeholders.
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“Holding an MSc in Media and Communications, along with an MBA, Chinwe is a Fellow of the Institute of Credit Administration (FICA). She has attended leadership and executive programs in key institutions such as Said Business School, Oxford, Harvard Business School, and Wharton,, amongst others. Her role will be central to enhancing NOVA’s commercial banking rollout across all key business development segments.”
In response to the appointments, NOVA Bank Chairman Phillips Oduoza said: “The addition of Dr. Isiavwe and Mrs. Iloghalu marks a critical point in constituting the management team that will lead NOVA into its next phase of growth. David’s expertise in technology will be key in enhancing our phygital model, while Chinwe’s strong business drive and relationship management, coupled with the retail and product engine of the bank, will be instrumental in driving the Bank’s strategic intent to become a formidable player in the banking industry.”
The bank added that its patented physical experience would be greatly enhanced by the new hires’ in-depth knowledge of digital and electronic banking: “which seamlessly combines the best of in-person service and bespoke digital solutions to serve our customers. Both leaders bring valuable experience that aligns perfectly with NOVA’s vision to be Africa’s preferred financial solutions provider.”
Furthering: “These two appointments will further diversify the board and bring about inclusiveness noted by Mr. Oduoza.”
According to the statement: “As NOVA Bank continues its expansion and transformation into a national commercial bank, these leadership appointments highlight its commitment to delivering innovative financial services. The Bank’s phygital model, combining cutting-edge technology with a physical presence, is redefining customer experiences and setting the stage for future advancements in the Nigerian banking landscape.”
