New CEO for Zenith Bank


Peter Amangbo, the newly appointed new chief executive officer of Zenith Bank Plc will take over the running of the bank’s affairs on June 1

By Chinwe Okafor  |  Apr. 14, 2014 @ 01:00 GMT

PETER Amangbo, a long serving staff of Zenith Bank Plc, has been appointed as the new group chief executive officer, CEO,  of the bank. This came barely one week after its current group managing director, Godwin Emefiele, was confirmed as the next governor of the Central Bank of Nigeria by the Senate. According to a Nigerian Stock Exchange filing by Zenith Bank, Amangbo, will become the banks CEO with effect from June 1.

According to a statement by the bank, Amangbo had over two decades of experience with Zenith Bank, gaining experiences in corporate finance and investment banking, business development, credit and marketing, treasury, financial control and strategic planning and operations. He was appointed to the board of the bank and its subsidiary companies in 2005. He was a pioneer non-executive director of Zenith Bank United Kingdom. Before joining the banking industry, he was a senior consultant with PriceWaterhouse where he covered assignments in financial services, manufacturing and general commerce.

The statement read, “Amangbo brings the experience and expertise to meet the current competitive banking challenges that require constant innovation through proven leadership and team-building skills, an exceptional ability to drive product, process and customer service improvements and a talent for building partnerships with key business decision-makers. He also has demonstrable ability to motivate, mentor and lead talented senior professionals and to direct cross-functional teams.”

Amangbo, an alumnus of INSEAD and a fellow of the Institute of Chartered Accountants of Nigeria, holds a Masters of Business Administration degree from the Warwick Business School and a Bachelor of Engineering degree in Electrical and Electronics from the University of Benin. He took courses in management at the Harvard Business School, Wharton School of Business and HSM New York respectively.

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