Gerety Awards: Final Deadline Fast Approaches, Need for Equality as Strong as Ever

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The final deadline for the Gerety Awards is on July 17, with winners announced later in the year, a benchmark for creativity’s future in a time when sharp lines are being drawn between words and action on the topic of equality.

The Gerety call for entries campaign saw purple moustaches sent to prominent female leaders in the advertising industry, asking them to pose for a picture with the question: What does a woman have to do to get onto an advertising jury?

Svetlana Copic, Founder of No Agency, which created the campaign for Gerety, had this to say: “As a festival with the unique approach to gender equality, Gerety Awards had both the credibility and the courage to turn its call for entries into something much bigger. After decades of the ‘one girl in the jury’ situation, change has finally started to happen, but this is just the beginning and we need to keep the conversation going. Sometimes, mocking the status quo is the best way to change it.”

“There are still award shows where the jury is composed of less than 20% female jurors,” said the Gerety Awards‘ Lucía Ongay. “This reinforces our purpose and calls for entries campaign, but it also begs the question: If Gerety can have a 100% female jury, why can’t others at least try to get to 50/50?”

The 2020 Gerety jury includes agency and brand leaders from around the world. The winners will be announced in October. The absolute final deadline for entries is midnight Paris time on Friday, 17 July.

Kincentric appoints Singapore market lead to drive HR advisory focused on public sector and large local organizations in Singapore and Indonesia

Andrew How brings 20 years of experience helping businesses through Culture & Engagement, Leadership Assessment, and HR & Talent Advisory, spearheading growth, driving transformation and accelerating business value through talent in times of organizational uncertainty.

 

SINGAPORE – Media
OutReach
 – 7 July 2020 – Kincentric, a Spencer
Stuart Company, today announced the appointment of Andrew How as Singapore
Market Leader, where he will focus on client development and solutions across
Culture & Engagement, Leadership Assessment & Development, and HR &
Talent Advisory. Kincentric helps organizations unlock the power of people and
teams through their unique approach to human capital.

 

In his new role, Andrew will lead
client engagements and spearhead the company’s strategy and expansion of its HR
advisory services in the region. As market leader, he will be integral in
establishing and maintaining Kincentric’s outcome-oriented client relationships
in both Singapore and Indonesia, through trust-building and the provision of
genuine value and long-lasting impact.

 

As Kincentric strengthens its client
offerings, the new appointment will further fortify the company’s capabilities
in HR and talent advisory for the public sector and for large local
organizations HR and talent advisory in the region. Andrew brings with him more
than 20 years of experience as a management consultant in human capital issues
related to talent management, leadership and organizational development for
regional business leaders, local family conglomerates and growth-orientated SME
firms in Singapore, Malaysia, Vietnam, Thailand, India, Indonesia, Sri Lanka
and Japan.

 

“Kincentric is delighted to announce
the appointment of Andrew How. He joins Kincentric at a time when our clients
require the highest quality advice to help them navigate the current economic
and health challenges. Kincentric’s advisory solutions are being extensively
utilised by our clients to ensure highly engaged workforces. Andrew has an
extensive track-record of helping organizations improve their business performance
through innovative HR, talent and leadership solutions,” said Stephen Hickey — Partner,
Kincentric APME.

 

Alongside Andrew’s extensive experience
and understanding of the regional market, Kincentric’s HR and talent advisory
services will continue to aid Singapore and Indonesia clients in the
development of Human Capital & Talent Strategies such as driving employee
engagement, implementing performance culture and scorecards, managing talent
& high potentials, creating leaders and top-team intervention efforts
and advisory.

About Kincentric

Kincentric, a Spencer Stuart company,
approaches human capital differently — we help you identify what drives your
people, so they can drive your business. Our decades of expertise in culture
and engagement, leadership assessment and development, and HR and talent
advisory services enable us to help organizations change from the inside. Our
global network, proven insights and intuitive technologies give us new ways to
help clients unlock the power of people and teams. For more information, visit kincentric.com.

GSB Gold Standard Banking, Josip Heit and SPREE FLUG in Times of Coronavirus

HAMBURG, GERMANY – NEWSAKTUELL – 6 July 2020 – In the coronavirus pandemic, job cuts, such as those currently at the aircraft manufacturer Airbus, are hitting the Federal Republic of Germany particularly hard. The 5100 jobs that are to be cut are not only slowing down the German economy, but are also burdening the national budget. Worldwide, Airbus plans to cut a full 15,000 jobs due to the corona crisis.

 

In other countries, the company is also making cuts: In France 5000 jobs are to be cut, in Spain 900, 1700 in Great Britain and 1300 at other locations worldwide. But the job cuts are not really a surprise. The Frenchman Faury had already announced a few days ago that Airbus would massively reduce its production and deliveries for two years.

 

In this context, however, there are also rays of hope, such as the GSB Gold Standard Corporation AG with its Chairman of the Board Josip Heit. Heit is currently in the process of expanding the group’s own fleet of Embraer Jets, such as the Phenom 300 E and the Praetor 600, and to have them operated by the aviation company SPREE FLUG Luftfahrt GmbH, which has been successfully operating on the market since 1993, with its captains, co-pilots and flight attendants, under the leadership of the company owner and chief pilot Paul Häusler.

 

According to GAMA (General Aviation Manufacturers Association) the Phenom 300E is the “most successful business jet of the past decade”. Now the Brazilian manufacturer has further improved its bestseller and made it significantly faster. The new Phenom 300E reaches Mach 0.8, which corresponds to a maximum cruise speed of 464 knots (859.33 km/h). Embraer states the range with five people on board as 2010 Nautical Miles (3724 km) (including NBAA IFR reserve).

 

With regard to the advantages of a business jet, CEO Josip Heit states that “when flying on a commercial airline, the passenger is exposed to about 700 touch points with strangers in terms of the risk of infection on scheduled flights, whereas when travelling on a business jet the chance of infection is about 30 times lower with fewer than 20 “touch points”. Private jet providers also guarantee the passenger the right to decide for himself with whom he will travel. This means that security protocols and checklists can be followed more conscientiously. Pilots would also undergo a medical check before rotation.

 

Josip Heit from GSB Gold Standard Banking Corporation AG also calculates: “A business class ticket for four people from Paris to Geneva costs on average around 2200 euros on scheduled airline services. A private jet on the same route could come to a total price of about 4200 euros, i.e. only about 500 euros more per person. However, this difference in price is offset by better security measures and a time saving of almost two hours for scheduled handling!”.

 

Against this background, GSB Gold Standard Banking Corporation AG and its partner SPREE FLUG Luftfahrt GmbH, rely on business jets from Embraer. In Embraer’s Director for Central and Eastern Europe, Pana Poulios, you have found a partner with outstanding expertise and the necessary know-how, who can advise companies on the acquisition of aircraft.

 

GSB has several affiliated companies in whose structure raw material deposits such as rare earths and minerals are located worldwide, which refine these mineral resources responsibly and above all sustainably as valuable resources in their own factories.

At the same time, GSB Gold Standard Banking is a pioneer in the use of block chain technology, because with block chain technology there is nothing to hide. The decentralisation of the block chain guarantees complete transparency so that investors can see how, when and where, for example, precious metals such as gold and silver were produced, even who was involved in each step of the processing.

Picture is available at AP Images (http://www.apimages.com)

Adyen Expands Acquiring Capabilities to Malaysia

Adyen launches its acquiring solution in Malaysia to help local businesses achieve higher authorization rates, better customer experience, and deeper data insights as the Malaysian market transitions to online payments.

 

KUALA LUMPUR – MALAYSIA
– Media OutReach – 6 July 2020 –
Adyen (AMS:ADYEN), the global payments platform of choice for many of the world’s
leading companies, today announced the expansion of its acquiring capabilities
to include Malaysia.

Warren Hayashi President, Adyen Asia Pacific

Adyen acquiring complements the company’s all-in-one
payment platform allowing merchants like BigPay, BloomThis,
Fave, foodpanda, Love, Bonito and Sephora to get the most out of each transaction with local payment
processing. This
announcement extends Adyen’s local acquiring capabilities in Asia-Pacific,
following launches in Australia, Hong Kong, and Singapore, and is supported by
demand from local merchants looking to better serve the country’s growing internet economy.

“Rolling out our acquiring solution in Malaysia
demonstrates our commitment to the region and to our customers’ needs in the
market,” said Warren Hayashi, President, Adyen, Asia-Pacific. “With Adyen’s
acquiring solution in place, Malaysian merchants can better
serve their customers and benefit from higher authorization rates and lower
transaction fees.”

With its best-in-class technology, and deep
acquiring expertise, Adyen looks to provide insight around local regulations,
schemes, and payment methods,
to help Malaysian merchants serve shoppers
better.  Local acquiring will allow
merchants to leverage Adyen’s integrated platform to deliver unified commerce
experiences regardless of where their customers prefer to pay – in store,
online or in-app. 

Arzumy MD, Chief Technology Officer of payments
and loyalty platform Fave noted, “Adyen has been a strong pillar,
supporting our business and technology throughout the years. Adyen’s direct
acquiring capabilities simplifies our business operations as it gives us
complete control of our payment process — allowing us to improve revenue,
create a better customer experience and deal with payment issues more quickly
and efficiently so we can focus on getting our customers what they want when they need it. We are happy to have a partner that cares
deeply for our success.”

Adyen manages the entire payment flow, including
gateway, risk management, and acquiring for merchants. This means that brands
can accelerate global expansion and optimize payment processes, while
continuing to meet the expectations of customers. Adyen offers local acquiring
in Australia, Brazil, Canada, Europe, Hong Kong, Singapore, and the US. For
more information about local acquiring and its benefits, please refer to: https://www.adyen.com/global-payment-processing.


About Adyen

Adyen (AMS: ADYEN) is the payments platform of
choice for many of the world’s leading companies, providing a modern end-to-end
infrastructure connecting directly to Visa, Mastercard, and consumers’ globally
preferred payment methods. Adyen delivers frictionless payments across online,
mobile, and in-store channels. With offices across the world, Adyen serves
customers including Facebook, Uber, Spotify, Microsoft, Singapore Airlines, and
L’Oréal. 

The launch of Adyen acquiring in Malaysia
as described in this update underlines Adyen’s continuous expansion of
supported payment methods and regions over the years.

Citi-HKCSS Community Intern Program in its 10th Year

Cross-Sector Endeavour Continues to Cultivate Corporate Social Responsibility

 

HONG KONG, CHINA – Media
OutReach
 – 6 July 2020 – Citigroup
Inc.
 (NYSE: C) – The Citi-HKCSS Community Intern Program (CIP) is celebrating
its 10th year of providing internship opportunities for local
university business students at local non-profit organizations (NGOs). Since
its launch in 2010, nearly 700 interns have been nurtured through the program.

 

Co-organized
by Citi and the Hong Kong Council of Social Service (HKCSS), Citi-HKCSS
Community Intern Program is a first-of-its-kind cross-sector collaboration
between academia, business and the NGO sector. Sponsored by Citi, the program
aims to foster an exchange of knowledge, ideas and expertise between Hong
Kong’s emerging business leaders and local non-profit organizations, through an
array of activities ranging from marketing, event management and fundraising to
day-to-day operations for NGOs. Most importantly, the program enhances the
concept of Corporate Social Responsibility (CSR) for the participating business
university students in Hong Kong.

 

Mr.
Wayne Fong, Head of Corporate Affairs, Citi Hong Kong, said, “This year marks
the 10th year of our collaborative effort with HKCSS. We are
delighted to have forged cross-sector partnerships for mutual learning and
contribution between local university business students and local non-profit
organizations. Over previous years, the program has served as a stage and a
classroom for resourceful young people to excel and improve their expertise and
ideas, while offering local NGOs more innovative solutions to anticipating
challenges and a chance to build awareness in the sector. Citi has a firm
commitment to Corporate Social Responsibility and strives to enable the
economic growth and progress of different stakeholders in the Hong Kong community.
We hope our future business leaders will carry with them a broadened
understanding of community needs and continue to dedicate themselves to the betterment
of society in their future careers.”

 

Dr.
John Fung, Business Director, The Hong Kong Council of Social Service said, “Without
the strong and continuous support from Citi, this program would not have come
into its 10th year. Cross-sector partnerships and multiple
beneficiary designs are niches of the program. NGOs have got solid manpower and innovative
marketing support to improve their works. Local university business students
are able to get in touch with different underserved groups and gain in-depth
understanding of the social situation. This internship program offers comprehensive
experiential learning opportunities to enhance the future skills of the youth, preparing
them to be inclusive leaders with a social mindset. Today, I am very happy to have
two alumni, who graduated in 2010 and 2015, here to share their career successes
with attribution to early social exposure through the program. “

 

This
year, 80 business students will do internships at 40 local NGOs during July and
August. The CIP interns will provide strategic and operational assistance to
their assigned NGOs in areas including but not limited to network building,
brand-building, fundraising, social enterprise business, operations and
community service support. To enhance their understanding and social mindset, the
interns will receive 20 hours of comprehensive coaching on social service
development in Hong Kong, Corporate Social Responsibility (CSR) and
cross-sector collaborations prior to the start of their internships. Some participating
non-profit organizations provide services to a wide range of stakeholders,
including low-income groups, the elderly, students with special needs, and
persons with disabilities, while others promote nature conservation.

Photos:

  1. (first row second and
    third from left) Mr. Wayne Fong, Head of Corporate Affairs, Citi Hong Kong
    and Dr. John Fung, Business Director of the Hong Kong Council of Social
    Service (HKCSS) pictured with the 80 interns at the induction event for the
    Citi-HKCSS Community Intern Program 2020.
  2. 30 interns joined a
    workshop to learn the concepts of “Upcycling” and “Making by Doing” at a
    social innovation project called UpCycling Plus located at Hung Shui Kiu,
    Tuen Mun.

Photo download HERE.

About Citi

Citi,
the leading global bank, has approximately 200 million customer accounts and
does business in more than 160 countries and jurisdictions. Citi provides
consumers, corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, transaction services,
and wealth management.

 

Additional
information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi
| Blog: http://new.citi.com
| Facebook: www.facebook.com/citi
| LinkedIn: www.linkedin.com/company/citi

About HKCSS

The
HKCSS is an umbrella organisation of 480 agency members that provide over 90%
of the social welfare services in Hong Kong. HKCSS launched the Caring Company
Scheme to build a cohesive society by promoting strategic partnership among
business and social service partners and inspiring corporate social
responsibility through caring for the community, employees and the environment.
HKCSS puts much effort into building capacity for social enterprises through
the Social Enterprise Business Centre (SEBC) to advance social entrepreneurship
and mobilize social innovation.

 

Additional information may be found at www.hkcss.org.hk
| Facebook: www.facebook.com/hkcssfans

DHL positioned as a Leader in the 2020 Gartner Magic Quadrant for Third-Party Logistics, Worldwide

“Dialog and proximity to our customers help us react quickly to changing market conditions, especially in times of the Corona crisis,” said Oscar de Bok, CEO of DHL Supply Chain.

 

BONN, GERMANY – Media
OutReach
 – 6 July 2020 – DHL, part of the world’s leading
logistics company Deutsche Post DHL Group, has been positioned as a Leader by
Gartner, Inc., the world’s leading research and advisory company, in its June 2020
Magic Quadrant for Third-Party Logistics, Worldwide. Both DHL divisions, DHL
Supply Chain and DHL Global Forwarding, were considered within this research.

“We fundamentally believe in putting our
customers at the heart of our business” said Oscar de
Bok, CEO of DHL Supply Chain and Member of the Board of Management of Deutsche
Post DHL Group. “We develop the most effective solutions when we step
beyond being a logistics service provider and invest in really understanding
the challenges our customers are facing as their partner. To do this ongoing
dialogue and proximity to our customers are key — especially in times of the
Corona virus with all the additional demands that brings. Reliability and
flexibility are crucial. That is the only way to quickly react to changing
market conditions, balance volume fluctuations and, if necessary, set up
entirely new supply chains fast.”

Tim 
Scharwath, CEO of DHL Global Forwarding and Member of the Board of
Management of Deutsche Post DHL Group added: “The forwarding solutions offered
by DHL Global Forwarding around the globe have been just as crucial as the
right supply chain management, warehousing, transport and strategic consulting
provided by DHL Supply Chain. I am particularly pleased that DHL has been
recognized in this report.”

De Bok added: “Our various e-Commerce
offerings are an area of significant commitment for us alongside our business
partners. As a division of brands, we receive top marks from our customers year
over year. In addition to this, Gartner, Inc. has again named DHL a Leader in
the Magic Quadrant for Third-Party Logistics, Worldwide.”

DHL is one of 16 international companies
recognized in this report that Gartner, evaluated based on completeness of vision
and ability to execute. In 2020, DHL is positioned highest for the ability to
execute.

Gartner “Magic Quadrant for Third-Party
Logistics, Worldwide,” David Gonzalez, et al, 10 June 2020

Gartner
does not endorse any vendor, product or service depicted in our research
publications, and does not advise technology users to select only those vendors
with the highest ratings or other designation. Gartner research publications
consist of the opinions of Gartner’s Research & Advisory organization and
should not be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research, including any
warranties of merchantability or fitness for a particular purpose.


DHL – The logistics company for the world

DHL is the leading global brand in the logistics
industry. Our DHL divisions offer an unrivalled portfolio of logistics services
ranging from national and international parcel delivery, e-commerce shipping
and fulfillment solutions, international express, road, air and ocean transport
to industrial supply chain management. With about 380,000 employees in more
than 220 countries and territories worldwide, DHL connects people and
businesses securely and reliably, enabling global sustainable trade flows. With
specialized solutions for growth markets and industries including technology,
life sciences and healthcare, engineering, manufacturing & energy,
auto-mobility and retail, DHL is decisively positioned as “The logistics
company for the world”.

 

DHL is part of Deutsche Post DHL Group. The
Group generated revenues of more than 63 billion euros in 2019. With
sustainable business practices and a commitment to society and the environment,
the Group makes a positive contribution to the world. Deutsche Post DHL Group
aims to achieve zero-emissions logistics by 2050.

 

On the Internet: dpdhl.de/press

Follow us at: twitter.com/DeutschePostDHL

Airtel Africa Plc Announces Full Year 2019-2020 Dividend Currency Exchange Rates

London and Lagos, 6 July 2020: Airtel Africa plc, a leading pan-African provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today confirms that the default currency and options on currency election for the dividend, and the currency exchange rates that will be applicable in the determination of the Full Year 2019-20 final dividend payment to any shareholders that qualify for and have elected to receive the Full Year 2019-20 final dividend payment in GBP or Naira will be as follows:

Arrangements for Shareholders that hold their shares on the London Stock
Exchange (LSE)

  • Shareholders that hold their shares on the London Stock Exchange may elect to receive their entire dividend payment in GBP or USD Dollar.
  • Partial elections are not permissible.
  • Holders electing to receive a dividend should specify the choice of currency by completing the Currency Election Form and return to Computershare Investor Services plc.
  • Shareholders holding their shares on the LSE who do not indicate their currency of
    the choice before 17 July 2020 will receive their dividends in USD.
  • The closing date for the dividend currency election to the Company’s Registrars Computershare Investor Services plc in the UK is 17 July 2020.
  • Currency election forms can be obtained by contacting the Company’s Registrars, Computershare Investor Services plc on the Company’s dedicated telephone line:
    +44 (0)370 7030027

Arrangements for Shareholders that hold their shares on the Nigerian Stock
Exchange (NSE)

  • Shareholders that hold their shares on the Nigerian Stock Exchange may elect to
    receive their entire dividend payment in Naira or Dollar.
  • Partial elections are not permissible.
  • Holders electing to receive a dividend should specify the choice of currency by completing the Currency Election Form and returning it to United Securities Limited seven days before a dividend payment.
  • Shareholders holding their shares on the NSE who do not indicate their currency of choice before 17 July 2020 will receive their dividends in Naira.
  • The closing date for dividend currency election to the Company’s Registrars United Securities Limited in Nigeria is 17 July 2020.
  • Currency election forms can found on the website of the Company’s Registrar’s at www.unitedsecuritieslimited.com

The following currency exchange rate will be applicable in the determination of the year
ended 31 March 2020 Final dividend payment to any shareholders that qualify for and have
elected to receive the year ended 31 March 2020 dividend payment:

Exchange Rate

1 USD = 387 Naira
1 USD = 0.8016 GBP

The exchange rate for the Naira or Pounds Sterling amounts payable was determined by
reference to the exchange rates applicable to the US Dollar available on 1 July 2020.

FG to shut Third Mainland Bridge on July 24 for 6 months

The Federal Government is set to shut the Third Mainland Bridge for six months starting from Friday, July 24.

This was confirmed by the Federal Controller of Works in Lagos, Olukayode Popoola.

According to him, consultations are ongoing for another phase of repair works to begin on the 11.8km bridge.

Popoola explained that the work will commence on the outward mainland section of the bridge, and the ministry is working with relevant agencies to perfect traffic during the period.

The bridge has gone through a series of repair works and was the last shut in August 2018 for a three-day investigative maintenance check.

There have also been reports of some worn-out expansion joints on the structure, raising concerns over the state of the bridge.

This development will force motorists in Lagos who ply the bridge to begin making arrangements for alternative routes.

It’s time to get serious about user data

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Over the past few years, tech-savvy customers and younger, more dynamic, employees have forced businesses in all sectors to completely change their way of operating. But with that transformation has come an unprecedented threat in the shape of the harvesting and misuse of personal data by technology vendors.

Andrew Bourne, Regional Manager, Africa, Zoho Corporation

For their part, customers expect every company they interact with to use technology in a way that makes their lives simpler and more efficient. After all, if they can change insurers or buy groceries with a few taps of their smartphone, why shouldn’t they be able to do the same when it comes to investing or getting property-buying advice?

Employees, meanwhile, expect to be able to interact with their companies in the same way they do with the products and services they themselves use as consumers.

But if organisations aren’t careful with the technology vendors they use, they may not only be putting their customers at risk but also their own reputation and ultimately, their bottom line. As organisations evaluate their path forward, it is therefore critically important to step back and determine what they are giving up to rapidly stay ahead.

From a personal perspective, it is generally understood that using Google, Facebook, and Twitter comes with a compromise – people pay for these free services by allowing them to track their online behaviour constantly, giving up control of their data. They are, essentially, “surveillance companies”.

The majority of websites monitor customers, users, and prospective customers through cookies; small lines of code designed to track a visitor. Companies pay significant amounts to access the information these cookies collect, so they can target them with advertising. This happens secretly, and without an individual being aware their data has been packaged and distributed to other companies with ulterior motives. What we must recognise is that it happens in the business-to-business (B2B) world as well.

B2B companies allow surveillance companies to track their users while on their properties. Surveillance in the form of trackers can be found everywhere on B2B websites. Salesforce, SAP, WorkDay, NetSuite, and Slack, common applications in today’s professional environments, all employ surveillance tools that track things such as user browsing habits.

It’s not surprising that most Nigerians feel a massive disconnect between how their personal data should be treated and how it actually is. According to a survey by the Web Foundation, 97% of Nigerians view the treatment of their personal data as a major concern.

B2B companies use products and services from surveillance companies in exchange for their users’ data, but users are not informed about it. This practice happens on websites, and it happens on mobile devices. It is everywhere.

Data is priceless, and safeguarding it should be an organisation’s greatest responsibility. It’s important to challenge any company that collects and sells user data to stop adjunct surveillance to protect – and respect – customer privacy.

All organisations should ask if their technology vendor is running its products on a public cloud, where they can track you or client’s behaviour or data. Most public cloud companies also have ad-based business units, and as we know, ads and privacy don’t mix. In order to remove trackers from all ad-supported companies, have they developed tools internally? Where are the “Trojan horses” within the confines of their products?

It has been said that data has surpassed oil in value. For businesses who grow by exploiting consumer’s personal data, it’s gold dust. Sure, some things can be monetised; personal data should not be one of them.

Fidelity Bank Plc Appoints Mustafa Chike-Obi as Board Chairman

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Fidelity Bank Plc has announced that two of its Board members: Mr. Ernest Ebi (MFR) who has been serving as Chairman, Board of Directors and Mr. Seni Adetu who has been serving as an Independent Non-Executive Director, having successfully completed their tenure in accordance with the Bank’s internal governance policy, will be stepping down from the Board.

Under the Chairmanship of Mr. Ernest Ebi, the Bank recorded significant growth across key financial metrics with both Messrs. Ebi and Adetu playing significant roles, complementing management effort in the delivery of these milestones; in service of the long term vision of the Bank. The Bank’s market share position has also been materially strengthened over this period.

Mustafa Chike-Obi

The Board and Management of the Bank seize this Opportunity to express sincere appreciation to Messrs. Ebi and Adetu for their significant contributions to the growth and development of the Bank during their tenure on the Board.

The Board is also pleased to announce that the retiring Chairman will be succeeded by Mr. Mustafa Chike-Obi.

The Central Bank of Nigeria has approved the appointment. Mr. Chike-Obi is Executive Vice Chairman at Alpha African Advisory. He has over 40 years of experience in investment banking and the financial services sector, working with reputable global investment banking and asset management firms.

He provides overall leadership at Alpha African Advisory and has direct oversight over the Capital raising division. Prior to joining Alpha African Advisory, he was the inaugural CEO of the Asset Management Corporation of Nigeria (AMCON), a Federal Government-backed institution, established to resolve the problem of non-performing loan assets of Nigerian Banks after the 2008 global financial crisis.

Mr Chike Obi was Founding President at Madison Advisors, a financial services advisory and consulting firm in New Jersey, specializing in hedge funds and private equity investment advice. He holds a Bachelor’s degree in Mathematics from the University of Lagos (First Class Honors) and an MBA from Stanford University Graduate School of Business.

Mr. Ebi will, however, continue in the role until August 14, 2020, when the in-coming Chairman assumes office, as part of the process of ensuring a smooth and successful transition. The changes being announced further attest to Fidelity Bank’s high governance standards and best practices in compliance with internal succession policies.