FSDH appoints Ambah as new MD/CEO

After 24 years of meritorious service to the company, the Managing Director/CEO of FSDH Merchant Bank, Mr. Rilwan Belo-Osagie, will retire with effect from January 31, 2017.

In accordance with the bank’s succession plan, Mrs Hamda Ambah, who is currently the bank’s Executive Director, Corporate and Investment Banking, will assume the role of Managing Director with effect from February 1, 2017.

Mrs. Ambah started her banking career at the International Merchant Bank Plc. in December 1982. She joined the bank in August 1993 as an Assistant General Manager with responsibility for the company’s relationships with large corporate organizations and non-bank investors. She rose through the positions of Deputy General Manager and General Manager to become an Executive Director in September 2009.

Ambah has always played an important role in the growth of FSDH. She currently supervises the Corporate and Investment Banking groups, the branches and the FSDH wholly-owned subsidiaries.

She is a graduate of the University of Lagos, Nigeria and Imperial College of Science and Technology. She is a member of the Nigerian Chartered Institute of Stockbrokers and was awarded the institute’s 1999 IBTC award for the best examination candidate in Corporate Finance.

According to the chairman, Mr Osaro Isokpan, the board is confident that Ambah will continue to run the bank with the guiding principles of integrity, professionalism and excellent service delivery while steering the institution to greater heights.