May 30, 2017
Felix Nyarko-Pong, the Chief Executive Officer of uniBank, is expected to step down as the leader of one of the biggest indigenous banks in the country on June 1, with Dr. Kwabena Duffuor II, the current Chief Operating Officer (COO), set to take over as CEO, pending approval by the Bank of Ghana.
A letter signed by Opoku-Gyamfi Boateng, the uniBank’s board chair and sighted by the Business and Financial Times (B&FT) said: “On behalf of the board of directors, I wish to thank Felix for his enviable leadership role in repositioning the bank among the top three in the country and wish him God’s blessing in all of his future endeavours.”
The statement added that the board of directors has appointed Dr. Kwabena Duffuor II, the current COO, as the acting CEO with effect from June 1, 2017, pending approval from the Bank of Ghana.
“Kwabena has since re-joining the bank in 2012, as Executive Director and COO, assisted the Managing Director in leading the management and the bank to attain its current enviable position within the banking fraternity,” the letter added.
Mr. Nyarko-Pong role in transforming uniBank from a second tier bank to one of the biggest in terms of assets, deposits, loans and profitability and consistent support to small and medium enterprises (SMEs) is laudable.
With over 30 years of international and local experience in banking and finance, 15 years of which has been at the Executive Management level, Mr. Nyarko-Pong is described by industry watchers as one of the biggest banking brains.
He worked with the NMB Bank, Tanzania as the DMD/COO (on secondment from Rabobank International Nlg) and also with Barclays Bank Ghana as Executive Director, Retail Banking and Executive Head, Treasury.
As a former Assistant Principal Consultant of the National Banking College, Accra and Lecturer in Business Finance at the University of Ghana Business School, Mr. Nyarko-Pong has taught and trained most of the current crop of bankers at top and mid-level banking in the country and beyond.
He is also a Chevening scholar and alumni of the University of Ghana, Legon (BSc, Banking & Finance); University of Glasgow Scotland (MBA International Business); Oxford University Saïd Business School (Strategic Leadership) and has attended many other Executive Management and Banking Professional courses.
Mr. Nyarko-Pong is an honorary Fellow of the Chartered Institute of Bankers Ghana (FCIB) and also has an honorary Doctorate in Banking and Finance.
He has been awarded by The Global Leadership Training, USA (Exceptional Corporate Leadership, 2012); Global Centre for Transformational Leadership (Africa Prize for Transformational Leadership and Most Outstanding CEO 2013); the West African Nobles Award; and very recently, Best Banking Sector CEO at the 7th Entrepreneurs and Corporate Executives Award.
With several board representation and leadership role in the banking sector and beyond, experts and industry watchers, who are surprised at his early departure, are anxiously waiting on his next line of action.