The Board of Directors of Abbey Mortgage Bank Plc has announced the retirement of Mrs. Rose Ada Okwechime as its Managing Director (MD) and Chief Executive Officer (CEO), effective May 31, 2020.
In her stead, the board approved the appointment of Mr. Madu Hamman as the acting Managing Director/CEO in consonance with the bank’s succession plan.
Hamman’s confirmation as the substantive CEO of the bank is however subject to approval by the Central Bank of Nigeria (CBN).
In a statement on the new development, the bank said: “The Board wishes to express its profound gratitude to her (Okwechime) for her 29 years of meritorious, peerless and exemplary leadership.
Before his elevation, Hamman was the Executive Director in charge of Finance and Administration, a position he held for twelve years.
He has over 35 years of banking experience spread across Commercial, Merchant and Mortgage Banking. His competencies include strategic leadership, risk management, asset and liability management, credit administration and international finance.
He is an alumnus of IMD Lausanne and holds a BSc. in Geography and MBA in Technology and Strategy.