Royal Exchange Appoints Two New Directors
UMORU ABDULKADIR
Royal Exchange Plc Tuesday announced the appointment of Mr. Olawale Omotunde Banmore as the Company’s Group Managing Director and Mr. John Chukwudi Iwuajoku as Group Executive Director (operations).
These appointments according to a statement by the Company Secretary, Sheila Ezeuko,, the new Group Managing Director, Mr. Olawale Omotunde Banmore comes with over 27 years of experience in the insurance industry.
Banmore holds both Bachelor of Science Degree in Sociology and a Master’s degree in Managerial Psychology from the University of Ibadan. He is an associate member of the Chartered Insurance Institute of Nigeria (CIIN); a member of Nigeria and South Africa Chambers of Commerce and an alumnus of the Lagos Business School.
He first joined the insurance company in 2003 and has since acted in various managerial capacities within the company including being Managing Director of Royal Exchange Prudential life plc, a subsidiary of Royal Exchange Plc from 2011 up to 2019.
Before his appointment to this new position, he was appointed by the board of directors of the company on October 17, 2018, to oversee the affairs of the Royal Exchange Group until the appointment of a substantive Group Managing Director.
John Chukwudi Iwuajoku as the new Group Executive Director (operations), is a finance expert with over 23 years of professional experience in the financial services industry.
He joined the Royal Exchange Plc in 2018 as the Chief Operating Officer.
Prior joining the company, Iwuajoku was the Vice President at First City Monument Bank, Nigeria where he held several top positions which including Head, Branch Coordination, Head, Service Management, Head, Shared Services as well as Head, card and electronic banking.
He holds a Bachelor’s degree in Economics from the Obafemi Awolowo University and Masters in Business Administration from the University of Calabar.
He is an Honorary Associate of the Chartered Institute of Bankers of Nigeria; Fellow, Institute of Information Management, Fellow, Chartered Economist of Nigeria and Member, Nigeria Institute of Management.
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