The Managing Director/CEO Designate,
Onyeali-Ikpe will be taking over from Mr.
The outgoing MD/CEO engaged stock market stakeholders last week to give account of his 7-year stewardship and formerly introduce Onyeali-Ikpe to stockbrokers.
Speaking during a virtual closing gong ceremony, the incoming MD/CEO thanked Okonkwo for laying a solid foundation for her and the new team, to take the bank to greater heights.
"We will continue to deliver superior returns and to do this, we will rely on the active support of the market and all stakeholders," she said.
The doyen of the stockbrokers, Mr.
"It's cheering news to us in the stockbroking community and the market that the new MD was appointed from within. Fidelity is a well-known brand with high expectations from us. You have been meeting our expectations, but we want more. We are eagerly looking forward to when you will become a Tier 1 bank. Please be assured that the market will give you all the required support," Yusuf said.
Speaking on his tenure, Okonkwo said he delivered on the promise, upon assuming office on
"I am happy to state that we have been able to grow our return on equity (ROE) which averaged at five per cent in 2013 to 13.3 per cent in 2019" he stated.
"We recently appointed five executive directors(EDs) from within and the incoming MD/CEO,
He attributed the successful capital raising exercise of 2015 and 2017, when the bank raised N30 billion local bond and
Okonkwo disclosed that the bank is currently in the process of issuing a N74 billion series 1 Bonds under its N100 million Bond issuance programme.
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