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APPOINTMENTS

Stjepan Udovicic joins 9mobile as Chief Commercial Officer

Mr. Udovicic has worked in the IT and telecoms sectors across different continents.

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Stjepan Udovicic has been appointed as the Chief Commercial Officer of 9mobile.

The decision was made by the Board of Directors of Emerging Markets Telecommunication Services Limited (EMTS), which was disclosed in a statement obtained by Themoneymetrics on Tuesday.

Mr. Udovicic has worked in the Information and Technology and Telecoms sectors across different continents including Europe, Asia and Africa, engaging in growing development in the media and telecoms spaces.

He is expected to implement his vast experiences in product development, product design, product pricing and customer relationship management, focusing on product delivery into the physical and digital interfaces in the telecom firm.

At 9mobile, “he is expected to lead the marketing, products, sales, distribution, customer services, and digital front-ends, which would enable brand evolution and development of the company.”

He joined 9mobile directly from Axiata Group Berhad, through its Cambodian subsidiary, Smart, where Mr. Udovicic grew a successful commercial team.

Before his stint at Axiata, he served as Marketing Director at Orange Romania for three and half years, developing products and services, digital, brand, and pricing.

He also worked with Etisalat as Customer Experience Director, spending time in the Kingdom of Saudi Arabia and the UAE.

Chief Executive Officer of 9mobile, Alan Sinfield, described Udovicic as a hardworking professional and that he represents the 9mobile spirit.

“We are an adventurous brand, always pushing the limits of innovation, so Stjepan has come right into his home. I am confident he will play a significant role in further strengthening 9mobile’s market position in Nigeria’s competitive telecommunications industry,”Sinfield said.

On his part, Udovicic said he is excited to join the team at 9mobile as CCO and looking forward to using his expertise to accelerate further access to quality products and services for telecoms subscribers in Nigeria.

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APPOINTMENTS

Greenwich Merchant Bank appoints Bayo Rotimi as MD/CEO

Bayo Rotimi has been appointed the new MD/CEO of Greenwich Merchant Bank.

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Greenwich Merchant Bank has announced the appointment of Mr Bayo Rotimi as its new Managing Director/ Chief Executive Officer.

This is according to a notification made available on the bank’s social media handle, seen by Themoneymetrics.

As part of his responsibilities, Mr Rotimi is expected to provide leadership and direction to the management team and take charge in optimizing the company’s overall strategic objectives and operational performance, in a bid to deliver optimal value for stakeholders, without compromising quality and standards.

About Bayo Rotimi

Mr Rotimi is an experienced investment banking professional with over 27 years’ experience. He worked for various financial institutions such as Lead Merchant Bank and FCMB Capital Markets, where he rose through the echelons to become the CEO of the latter in 2008. Prior to his recent appointment, he was the chairman of the investment committee of ARM’s Discovery, Aggressive, Growth, Ethical, Money Markets, Fixed income and Eurobond funds with over N110 billion under management.

What they are saying

Commenting on the recent development, Chairman of Greenwich Merchant Bank, Kayode Falowo said: “Bayo’s track record and pedigree speaks for itself and offers a reassuring nexus between the corporate ideals that Greenwich is reputed for and proactive dynamism required to stay on the cutting-edge of innovation, product development and stakeholder satisfaction.”

What you should know

  • Recall that Greenwich Trust Limited was officially renamed Greenwich Merchant Bank in September 2020, after obtaining regulatory approval from CBN to operate as a Merchant Bank.
  • Greenwich Merchant Bank Limited was incorporated on the 25th of February, 1992 and subsequently commenced operations in June 1994.
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APPOINTMENTS

Cornerstone Insurance Plc appoints Ogechi Adeola as Director

Dr Ogechi Adeola has been appointed as an Independent Non-Executive Director at Cornerstone Insurance Plc

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Cornerstone Insurance Plc has appointed Dr Ogechi Adeola as its new Independent Non-Executive Director, subject to ratification by members at general meeting.

This is according to a notification sent to the Nigerian Stock Exchange platform, dated 24th of February, 2021, as seen by Themoneymetrics.

Dr. Adeola’s profile

Dr. Adeola has over two decades of work and consulting experience in the Nigerian Financial services sectors. She is an Associate Professor of Marketing at the Lagos Business School and an alumna of the Manchester Business School, United Kingdom.

On the other hand, Cornerstone Insurance closed trading today (24th of February, 2021) at the floor of the Nigerian Stock Exchange with a share price of N0.59.

Results from the recently released FY 2020 financials posted by the firm showed that gross premium written increased from N13.06 billion in 2019 to N17.6 billion. However, profit for the period declined to N1.6 billion, from N4.11 billion recorded in 2019.

What you should know:

Cornerstone Insurance Company Plc is a Nigerian-based insurance company offering services in the life and non-life categories.

It was incorporated on the 26th of July, 2021, initially as a private limited liability and subsequently became a public limited liability after its listing on the Nigerian Stock Exchange in 1997.

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APPOINTMENTS

DEAP Capital Plc announces appointment of Interim Management Team

DEAPCAP has announced the interim appointment of three persons into its IMT.

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DEAP Capital Management and Trust Plc (DEAPCAP) have announced the appointment of Mrs. Anastasia Braimoh, and two (2) others into its Interim Management Team (IMT).

This is according to a notification signed by the firm’s secretary, Yetunde Hashesin-Souza and sent to the Nigerian Stock Exchange, as seen by Themoneymetrics.

The appointment is sequel to the resignation of the company’s Board of Directors on 31st of December, 2020. In lieu of this, the Securities and Exchange Commission (SEC) appointed an Interim Management Team on the 29th of January 2021, to oversee the affairs of DEAPCAP Plc.

The IMT comprises of the following persons;

• Mrs Anastasia Braimoh- Chairperson
• Mr Alhassan Sidi
• Mrs Gbemi Adekola

It is also pertinent to note that the newly inaugurated IMT would schedule an emergency general meeting, in a bid to constitute a new Board of Directors for Deap Capital Plc.

What you should know

  • DEAP Capital Management and Trust Plc is a financial services company established in 2002. It offers an array of services such as to its diversified clientele, such as; funds management, capital market operations, financial advisory services, portfolio management, etc.
  • The Erstwhile Board comprises of Murtala Aliyu who served as Chairman, Jacob Esan (Managing Director) and William Odudu (Director).
  • As at the time of reporting this, DEAPCAP currently trades at N0.20k at the floor of the Nigerian Stock Exchange. It has a market capitalization of N300 million.
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